Spok (NASDAQ:SPOK) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Spok Holdings, Inc. (NASDAQ:SPOK) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $11.30 and traded as high as $11.79. Spok shares last traded at $11.78, with a volume of 625,477 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPOK. Weiss Ratings upgraded shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 23rd. Wall Street Zen raised shares of Spok from a “hold” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Spok Trading Up 1.8%

The company has a 50 day simple moving average of $10.63 and a 200 day simple moving average of $11.29. The stock has a market capitalization of $250.83 million, a PE ratio of 13.47 and a beta of 0.47.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, October 28th. The Wireless communications provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.30. Spok had a return on equity of 13.12% and a net margin of 13.88%. The company had revenue of $33.00 million for the quarter, compared to the consensus estimate of $34.70 million.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Wednesday, November 18th. Spok’s payout ratio is 215.52%.

Insider Buying and Selling

In other news, Director Christine Cournoyer sold 8,320 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $11.28, for a total value of $93,849.60. Following the completion of the transaction, the director owned 16,261 shares in the company, valued at $183,424.08. This trade represents a 33.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 7.28% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPOK. Triumph Capital Management raised its stake in shares of Spok by 36.2% in the 3rd quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider’s stock valued at $71,000 after buying an additional 1,800 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Spok by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 217,803 shares of the Wireless communications provider’s stock valued at $2,374,000 after acquiring an additional 4,987 shares in the last quarter. State of Wyoming increased its stake in Spok by 160.3% in the first quarter. State of Wyoming now owns 10,013 shares of the Wireless communications provider’s stock valued at $109,000 after acquiring an additional 6,167 shares during the period. Hsbc Holdings PLC increased its stake in Spok by 11.6% in the fourth quarter. Hsbc Holdings PLC now owns 60,331 shares of the Wireless communications provider’s stock valued at $797,000 after acquiring an additional 6,262 shares during the period. Finally, Redhawk Wealth Advisors Inc. raised its position in Spok by 89.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider’s stock worth $196,000 after purchasing an additional 9,021 shares in the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Spok Company Profile

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company’s offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.