Spok (NASDAQ:SPOK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Spok (NASDAQ:SPOK) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Spok Trading Up 0.8%

SPOK opened at $12.08 on Friday. Spok has a 1-year low of $9.95 and a 1-year high of $14.29. The stock’s fifty day simple moving average is $10.67 and its 200 day simple moving average is $11.29. The stock has a market cap of $252.71 million, a PE ratio of 13.57 and a beta of 0.47.

Spok (NASDAQ:SPOK) last released 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 analysts’ expectations of $34.70 million. Spok had a return on equity of 13.17% and a net margin of 13.88%.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Wednesday, November 18th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Wednesday, November 18th. Spok’s dividend payout ratio is presently 140.45%.

Insider Buying and Selling at Spok

In related news, Director Christine Cournoyer sold 8,320 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $11.28, for a total transaction of $93,849.60. Following the sale, the director owned 16,261 shares of the company’s stock, valued at $183,424.08. This trade represents a 33.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Spok

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management increased its stake in shares of Spok by 36.2% in the third 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 period. Bank of New York Mellon Corp raised its holdings in Spok by 2.3% in 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 last quarter. State of Wyoming raised its holdings in Spok by 160.3% in 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 last quarter. Hsbc Holdings PLC raised 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 valued at $797,000 after buying an additional 6,262 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its position in Spok by 89.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider’s stock worth $196,000 after buying an additional 9,021 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

About Spok

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.