Insider Selling: Spok (NASDAQ:SPOK) Director Sells $195,752.25 in Stock

Spok Holdings, Inc. (NASDAQ:SPOK) Director Brett Shockley sold 16,245 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $12.05, for a total transaction of $195,752.25. Following the sale, the director owned 26,817 shares of the company’s stock, valued at $323,144.85. This trade represents a 37.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Spok Stock Performance

Shares of Spok stock traded up $0.07 during trading on Wednesday, reaching $12.07. The company’s stock had a trading volume of 137,242 shares, compared to its average volume of 171,759. The business’s fifty day moving average price is $10.69 and its 200-day moving average price is $11.28. The firm has a market cap of $252.63 million, a price-to-earnings ratio of 13.56 and a beta of 0.47. Spok Holdings, Inc. has a one year low of $9.95 and a one year high of $13.98.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $0.46 earnings per share for the quarter, topping 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 business had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $34.70 million.

Spok Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Spok’s payout ratio is currently 140.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research note 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 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 price target of $14.00.

Institutional Trading of Spok

Institutional investors have recently modified their holdings of the company. Triumph Capital Management increased its position in shares of Spok by 36.2% during the third quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider’s stock valued at $71,000 after purchasing an additional 1,800 shares during the period. State of Wyoming lifted its position in Spok by 160.3% in the first quarter. State of Wyoming now owns 10,013 shares of the Wireless communications provider’s stock worth $109,000 after purchasing an additional 6,167 shares during the period. Amundi bought a new position in Spok in the second quarter worth $125,000. Empowered Funds LLC acquired a new stake in Spok during the first quarter worth $166,000. Finally, Redhawk Wealth Advisors Inc. increased its holdings in Spok by 89.0% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 9,021 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

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.