Spok Holdings, Inc. (NASDAQ:SPOK – Get Rating) was the target of a significant decrease in short interest during the month of December. As of December 30th, there was short interest totalling 43,400 shares, a decrease of 34.0% from the December 15th total of 65,800 shares. Based on an average daily volume of 184,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
SPOK has been the topic of several research analyst reports. StockNews.com cut shares of Spok from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 5th. Lake Street Capital restated a "buy" rating and issued a $15.00 price objective on shares of Spok in a research report on Monday, December 19th. Finally, TheStreet upgraded shares of Spok from a "d+" rating to a "c-" rating in a research report on Monday, October 10th.
Get Spok alerts:Spok Stock Up 0.4 %
Spok stock opened at $8.33 on Wednesday. The company has a market capitalization of $164.13 million, a PE ratio of -8.50 and a beta of 0.30. The firm has a fifty day simple moving average of $8.20 and a two-hundred day simple moving average of $7.60. Spok has a twelve month low of $6.13 and a twelve month high of $10.14.
Spok (NASDAQ:SPOK – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $33.74 million during the quarter. Spok had a negative net margin of 14.02% and a positive return on equity of 0.11%.Spok Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Wednesday, November 16th were issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 15.03%. The ex-dividend date of this dividend was Tuesday, November 15th. Spok's payout ratio is -127.55%.
Insider Buying and Selling at Spok
In other Spok news, Director Todd J. Stein acquired 6,137 shares of the company's stock in a transaction on Thursday, December 8th. The shares were acquired at an average cost of $7.90 per share, with a total value of $48,482.30. Following the completion of the acquisition, the director now directly owns 165,807 shares in the company, valued at $1,309,875.30. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Todd J. Stein purchased 6,137 shares of the stock in a transaction dated Thursday, December 8th. The shares were purchased at an average cost of $7.90 per share, with a total value of $48,482.30. Following the completion of the acquisition, the director now owns 165,807 shares in the company, valued at approximately $1,309,875.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vincent D. Kelly purchased 5,000 shares of the stock in a transaction dated Thursday, November 17th. The stock was purchased at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the acquisition, the chief executive officer now owns 276,898 shares of the company's stock, valued at approximately $2,284,408.50. The disclosure for this purchase can be found here. Insiders own 8.59% of the company's stock.
Institutional Investors Weigh In On Spok
Institutional investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky purchased a new stake in Spok in the third quarter worth approximately $36,000. Great West Life Assurance Co. Can bought a new stake in shares of Spok during the 3rd quarter valued at $46,000. AE Wealth Management LLC purchased a new stake in shares of Spok in the 3rd quarter worth $79,000. Hillsdale Investment Management Inc. bought a new stake in Spok during the third quarter valued at about $95,000. Finally, Personal Capital Advisors Corp grew its holdings in Spok by 32.4% during the first quarter. Personal Capital Advisors Corp now owns 13,825 shares of the Wireless communications provider's stock valued at $110,000 after purchasing an additional 3,382 shares during the period. Hedge funds and other institutional investors own 45.34% of the company's stock.
Spok Company Profile
(Get Rating)
Spok Holdings, Inc engages in the provision of communication solutions. It provides call center operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications and public safety solutions. The company was founded in 1965 and is headquartered in Alexandria, VA.
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