Spok (NASDAQ:SPOK) Director Christine Cournoyer Sells 8,320 Shares of Stock

Spok Holdings, Inc. (NASDAQ:SPOK) Director Christine Cournoyer sold 8,320 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $11.28, for a total transaction of $93,849.60. Following the completion of the transaction, the director directly owned 16,261 shares in the company, valued at $183,424.08. The trade was a 33.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Spok Stock Performance

Shares of SPOK opened at $11.44 on Wednesday. Spok Holdings, Inc. has a 52 week low of $9.95 and a 52 week high of $18.79. The firm has a market cap of $239.32 million, a P/E ratio of 19.72 and a beta of 0.48. The firm’s 50-day simple moving average is $10.70 and its 200 day simple moving average is $11.47.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. Spok had a net margin of 9.00% and a return on equity of 8.50%. The firm had revenue of $35.01 million during the quarter, compared to the consensus estimate of $34.30 million. As a group, equities analysts forecast that Spok Holdings, Inc. will post 0.66 earnings per share for the current year.

Spok Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Spok’s dividend payout ratio (DPR) is presently 215.52%.

Wall Street Analysts Forecast Growth

SPOK has been the topic of several recent research reports. Wall Street Zen upgraded Spok from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Weiss Ratings raised shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Investors Weigh In On Spok

A number of large investors have recently added to or reduced their stakes in SPOK. AQR Capital Management LLC acquired a new position in Spok in the 1st quarter valued at $271,000. Goldman Sachs Group Inc. lifted its position in shares of Spok by 33.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock valued at $8,575,000 after acquiring an additional 130,478 shares during the period. Jane Street Group LLC acquired a new stake in shares of Spok during the 1st quarter worth $467,000. JPMorgan Chase & Co. increased its position in shares of Spok by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 224,053 shares of the Wireless communications provider’s stock worth $3,961,000 after purchasing an additional 24,991 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Spok by 5.4% in the second quarter. Rhumbline Advisers now owns 34,805 shares of the Wireless communications provider’s stock worth $615,000 after purchasing an additional 1,773 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

About Spok

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.