Insider Selling: Spok Holdings, Inc. (NASDAQ:SPOK) CEO Sells 30,000 Shares of Stock

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent D. Kelly sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $16.40, for a total transaction of $492,000.00. Following the completion of the transaction, the chief executive officer now owns 157,817 shares in the company, valued at approximately $2,588,198.80. The trade was a 15.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Spok Trading Up 0.4 %

NASDAQ SPOK opened at $16.55 on Friday. The company has a 50-day moving average price of $15.80 and a two-hundred day moving average price of $16.07. Spok Holdings, Inc. has a 52 week low of $13.55 and a 52 week high of $17.96. The stock has a market cap of $340.36 million, a price-to-earnings ratio of 22.66 and a beta of 0.51.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $36.29 million for the quarter, compared to analyst estimates of $34.00 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. As a group, equities research analysts expect that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Friday, May 23rd. Spok’s dividend payout ratio is 160.26%.

Analyst Upgrades and Downgrades

SPOK has been the topic of a number of recent research reports. B. Riley raised shares of Spok to a “strong-buy” rating in a report on Thursday, May 1st. StockNews.com upgraded Spok from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPOK. CWM LLC lifted its position in shares of Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,317 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Spok in the fourth quarter worth $34,000. SBI Securities Co. Ltd. grew its holdings in shares of Spok by 62.2% during the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 844 shares in the last quarter. US Bancorp DE raised its position in Spok by 862.1% during the first quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 2,500 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Spok by 12,125.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider’s stock valued at $62,000 after purchasing an additional 3,759 shares during the period. 50.81% of the stock is currently owned by institutional investors and hedge funds.

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.