Spok (NASDAQ:SPOK) Lowered to Hold at StockNews.com

StockNews.com cut shares of Spok (NASDAQ:SPOK) from a buy rating to a hold rating in a report issued on Monday.

Spok Stock Performance

NASDAQ SPOK opened at $14.33 on Monday. Spok has a one year low of $10.46 and a one year high of $18.14. The firm has a market cap of $290.18 million, a PE ratio of 17.27 and a beta of 0.27. The firm’s fifty day moving average is $16.19 and its two-hundred day moving average is $15.94.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, May 1st. The Wireless communications provider reported $0.21 EPS for the quarter. Spok had a return on equity of 10.23% and a net margin of 11.93%. The firm had revenue of $34.91 million during the quarter.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 24th will be given a dividend of $0.313 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.25 dividend on an annualized basis and a yield of 8.74%. Spok’s payout ratio is currently 150.60%.

Insider Activity

In related news, Director Todd J. Stein sold 25,927 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.92, for a total value of $464,611.84. Following the completion of the sale, the director now owns 696,637 shares in the company, valued at $12,483,735.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 11.88% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new position in shares of Spok during the 3rd quarter worth $3,850,000. Allspring Global Investments Holdings LLC grew its position in Spok by 319.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 132,581 shares of the Wireless communications provider’s stock worth $1,892,000 after buying an additional 100,956 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Spok during the 3rd quarter valued at approximately $950,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Spok during the 3rd quarter worth approximately $707,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Spok during the 4th quarter worth approximately $681,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.