Todd J. Stein Acquires 117,895 Shares of Spok Holdings, Inc. (NASDAQ:SPOK) Stock

Spok Holdings, Inc. (NASDAQ:SPOKGet Rating) Director Todd J. Stein purchased 117,895 shares of the stock in a transaction on Wednesday, September 14th. The stock was acquired at an average cost of $7.31 per share, with a total value of $861,812.45. Following the completion of the purchase, the director now directly owns 732,310 shares of the company’s stock, valued at $5,353,186.10. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Spok Stock Down 0.8 %

Spok stock opened at $7.28 on Friday. The company has a market capitalization of $143.34 million, a PE ratio of -5.78 and a beta of 0.34. The firm has a fifty day simple moving average of $6.92 and a two-hundred day simple moving average of $7.29. Spok Holdings, Inc. has a twelve month low of $6.13 and a twelve month high of $11.46.

Spok (NASDAQ:SPOKGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported $0.10 EPS for the quarter. The firm had revenue of $33.71 million during the quarter. Spok had a negative net margin of 17.73% and a negative return on equity of 3.08%.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 17th were paid a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a dividend yield of 17.20%. The ex-dividend date of this dividend was Tuesday, August 16th. Spok’s dividend payout ratio (DPR) is -99.21%.

Hedge Funds Weigh In On Spok

Several hedge funds and other institutional investors have recently modified their holdings of SPOK. Advisor Group Holdings Inc. raised its stake in shares of Spok by 8,500.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 8,600 shares of the Wireless communications provider’s stock valued at $80,000 after acquiring an additional 8,500 shares during the last quarter. Northern Trust Corp raised its stake in Spok by 3.6% in the fourth quarter. Northern Trust Corp now owns 70,128 shares of the Wireless communications provider’s stock worth $654,000 after buying an additional 2,406 shares in the last quarter. Maven Securities LTD bought a new position in Spok in the fourth quarter worth about $257,000. Corton Capital Inc. bought a new position in Spok in the fourth quarter worth about $390,000. Finally, Western Standard LLC bought a new position in Spok in the fourth quarter worth about $1,254,000. 54.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research note on Friday, July 29th.

About Spok

(Get Rating)

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It delivers clinical information to care teams when and where it matters to enhance patient outcomes. The company offers subscriptions to one-way or two-way messaging services; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers.

Further Reading

Insider Buying and Selling by Quarter for Spok (NASDAQ:SPOK)

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