Key Points
- Spok director Brett Shockley sold 16,245 shares for about $195,752 at an average price of $12.05, reducing his holdings by 37.72% to 26,817 shares.
- Spok reported quarterly EPS of $0.46, beating the $0.16 consensus, while revenue of $33 million fell short of the $34.7 million estimate.
- The company announced a quarterly dividend of $0.3125 per share, equivalent to a 10.4% annualized yield; its payout ratio was 140.45%.
Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) Director Brett Shockley sold 16,245 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $12.05, for a total transaction of $195,752.25. Following the completion of the sale, the director directly owned 26,817 shares of the company's stock, valued at $323,144.85. This trade represents a 37.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Spok Stock Performance
SPOK stock opened at $12.07 on Thursday. Spok Holdings, Inc. has a 52 week low of $9.95 and a 52 week high of $13.98. The firm's fifty day moving average is $10.72 and its 200 day moving average is $11.27. The firm has a market cap of $252.63 million, a P/E ratio of 13.56 and a beta of 0.47.
Spok (NASDAQ:SPOK - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $33.00 million during the quarter, compared to the consensus estimate of $34.70 million. Spok had a net margin of 13.88% and a return on equity of 13.12%.
Spok Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Wednesday, November 18th. Spok's dividend payout ratio (DPR) is 140.45%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on SPOK shares. Weiss Ratings raised Spok from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 23rd. Wall Street Zen upgraded Spok from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $14.00.
Get Our Latest Report on SPOK
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SPOK. Triumph Capital Management raised its holdings in Spok by 36.2% during the 3rd quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider's stock valued at $71,000 after buying an additional 1,800 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Spok by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 217,803 shares of the Wireless communications provider's stock valued at $2,374,000 after buying an additional 4,987 shares during the period. State of Wyoming boosted its position in Spok by 160.3% during the 1st quarter. State of Wyoming now owns 10,013 shares of the Wireless communications provider's stock valued at $109,000 after buying an additional 6,167 shares during the period. Hsbc Holdings PLC grew its holdings in Spok by 11.6% in the 4th quarter. Hsbc Holdings PLC now owns 60,331 shares of the Wireless communications provider's stock worth $797,000 after acquiring an additional 6,262 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew 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 worth $196,000 after acquiring an additional 9,021 shares during the last quarter. Institutional investors own 50.81% of the company's stock.
Spok Company Profile
(
Get Free Report)
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.
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