Spok Holdings Inc (NASDAQ:SPOK) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 346,000 shares, a drop of 17.3% from the September 15th total of 418,400 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 132,200 shares, the days-to-cover ratio is currently 2.6 days.
Shares of SPOK opened at $11.71 on Tuesday. Spok has a 12 month low of $10.99 and a 12 month high of $17.25. The stock’s 50 day moving average is $11.67 and its two-hundred day moving average is $13.53.
Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported ($0.03) EPS for the quarter. Spok had a negative net margin of 0.65% and a negative return on equity of 0.40%. The business had revenue of $39.53 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, November 14th.
Several research analysts recently weighed in on SPOK shares. BidaskClub cut Spok from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th. ValuEngine upgraded Spok from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th.
In related news, CEO Vincent D. Kelly sold 5,000 shares of Spok stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $11.57, for a total transaction of $57,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.51% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of SPOK. Invesco Ltd. grew its holdings in Spok by 552.7% in the second quarter. Invesco Ltd. now owns 1,060,847 shares of the Wireless communications provider’s stock valued at $15,955,000 after purchasing an additional 898,304 shares during the period. Deprince Race & Zollo Inc. grew its holdings in Spok by 70.0% in the second quarter. Deprince Race & Zollo Inc. now owns 555,173 shares of the Wireless communications provider’s stock valued at $8,350,000 after purchasing an additional 228,668 shares during the period. Russell Investments Group Ltd. grew its holdings in Spok by 1,121.1% in the second quarter. Russell Investments Group Ltd. now owns 135,985 shares of the Wireless communications provider’s stock valued at $2,046,000 after purchasing an additional 124,849 shares during the period. Morgan Stanley grew its holdings in Spok by 406.7% in the second quarter. Morgan Stanley now owns 83,144 shares of the Wireless communications provider’s stock valued at $1,251,000 after purchasing an additional 66,735 shares during the period. Finally, Boston Partners acquired a new stake in Spok in the second quarter valued at approximately $933,000. 85.24% of the stock is currently owned by institutional investors.
Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.
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