Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.10 and traded as high as $17.08. Spok shares last traded at $17.05, with a volume of 129,487 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have recently commented on SPOK shares. StockNews.com upgraded Spok from a "hold" rating to a "buy" rating in a report on Friday, October 25th. B. Riley began coverage on Spok in a research note on Thursday, September 26th. They set a "neutral" rating and a $15.00 target price on the stock.
View Our Latest Stock Analysis on Spok
Spok Trading Up 1.7 %
The stock has a market capitalization of $345.64 million, a PE ratio of 23.36 and a beta of 0.33. The business has a fifty day moving average price of $15.12 and a 200-day moving average price of $15.11.
Spok Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 18th will be given a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend is Monday, November 18th. Spok's dividend payout ratio (DPR) is presently 171.23%.
Insider Buying and Selling at Spok
In related news, CEO Vincent D. Kelly sold 45,000 shares of Spok stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the completion of the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Michael W. Wallace sold 25,000 shares of Spok stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total transaction of $370,000.00. Following the sale, the chief operating officer now owns 49,465 shares of the company's stock, valued at approximately $732,082. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent D. Kelly sold 45,000 shares of Spok stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the completion of the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at $2,990,395.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.51% of the stock is owned by company insiders.
Institutional Investors Weigh In On Spok
Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of Spok during the third quarter valued at approximately $27,000. Gladius Capital Management LP acquired a new stake in Spok in the second quarter valued at approximately $112,000. SG Americas Securities LLC purchased a new position in Spok in the third quarter worth $116,000. BNP Paribas Financial Markets increased its position in Spok by 82.8% during the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider's stock valued at $137,000 after buying an additional 3,884 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Spok by 9.0% during the second quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider's stock worth $172,000 after buying an additional 959 shares during the period. Hedge funds and other institutional investors own 50.81% of the company's stock.
About Spok
(
Get Free Report)
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.
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