Spok’s (SPOK) Buy (B) Rating Reaffirmed at Weiss Ratings

Weiss Ratings reaffirmed their buy (b) rating on shares of Spok (NASDAQ:SPOK) in a research note issued to investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen cut Spok from a “strong-buy” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of $20.00.

Spok Trading Up 1.3%

NASDAQ SPOK opened at $15.89 on Tuesday. Spok has a 52 week low of $13.55 and a 52 week high of $19.31. The stock has a market cap of $327.18 million, a price-to-earnings ratio of 19.14 and a beta of 0.49. The company has a 50-day moving average price of $17.44 and a two-hundred day moving average price of $16.87.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, July 30th. The Wireless communications provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. Spok had a net margin of 12.12% and a return on equity of 11.11%. The company had revenue of $35.69 million during the quarter, compared to analyst estimates of $35.00 million. Spok has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Spok will post 0.76 earnings per share for the current fiscal year.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 7.9%. The ex-dividend date was Tuesday, August 19th. Spok’s payout ratio is presently 150.60%.

Insider Activity at Spok

In other Spok news, CEO Vincent D. Kelly sold 25,000 shares of Spok stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $17.69, for a total transaction of $442,250.00. Following the transaction, the chief executive officer directly owned 102,817 shares in the company, valued at approximately $1,818,832.73. The trade was a 19.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael W. Wallace sold 10,806 shares of Spok stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $17.87, for a total transaction of $193,103.22. Following the transaction, the chief operating officer owned 40,369 shares in the company, valued at approximately $721,394.03. The trade was a 21.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.37% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in Spok by 339.9% in the 2nd quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 1,098 shares during the period. CWM LLC increased its stake in shares of Spok by 309.2% during the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,317 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Spok by 41.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 612 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Spok by 62.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 844 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Spok by 40.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 747 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Spok Company Profile

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.