Key Points
- Spok CEO Vincent Kelly bought 5,000 shares at $10.67 each, a $53,350 purchase that increased his direct holdings by 3.17% to 162,565 shares.
- The company recently reported Q1 earnings below expectations, posting EPS of $0.09 versus the $0.18 consensus and revenue of $33.23 million versus the $35.00 million estimate.
- Spok announced a quarterly dividend of $0.3125 per share, implying an annualized yield of 11.6%, though the payout ratio is very high at 208.33%.
Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) CEO Vincent Kelly bought 5,000 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $10.67 per share, with a total value of $53,350.00. Following the completion of the purchase, the chief executive officer directly owned 162,565 shares of the company's stock, valued at approximately $1,734,568.55. This trade represents a 3.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Spok Price Performance
NASDAQ:SPOK opened at $10.74 on Wednesday. The firm has a market capitalization of $224.36 million, a P/E ratio of 17.90 and a beta of 0.45. The business has a 50 day simple moving average of $11.36 and a 200 day simple moving average of $12.71. Spok Holdings, Inc. has a 12-month low of $9.95 and a 12-month high of $19.31.
Spok (NASDAQ:SPOK - Get Free Report) last announced its earnings results on Wednesday, April 29th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.09). The company had revenue of $33.23 million during the quarter, compared to the consensus estimate of $35.00 million. Spok had a net margin of 9.27% and a return on equity of 8.64%. Research analysts anticipate that Spok Holdings, Inc. will post 0.66 EPS for the current fiscal year.
Spok Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Tuesday, May 26th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Tuesday, May 26th. Spok's dividend payout ratio (DPR) is 208.33%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SPOK. Weiss Ratings cut Spok from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, May 4th. B. Riley Financial lowered Spok from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $21.00 to $14.00 in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $14.00.
View Our Latest Analysis on Spok
Institutional Trading of Spok
Several hedge funds have recently added to or reduced their stakes in SPOK. Parallel Advisors LLC lifted its holdings in Spok by 305.4% during the third quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider's stock worth $31,000 after acquiring an additional 1,353 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Spok by 69.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 1,013 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Spok by 40.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider's stock valued at $46,000 after purchasing an additional 747 shares during the period. Tower Research Capital LLC TRC increased its stake in Spok by 319.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider's stock worth $49,000 after purchasing an additional 2,113 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Spok by 182.8% during the 4th quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider's stock worth $40,000 after buying an additional 2,004 shares during the period. Institutional investors and hedge funds own 50.81% of the company's stock.
Spok Company Profile
(
Get Free Report)
Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.
Spok's flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.
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