Spok Holdings, Inc. (NASDAQ:SPOK) Short Interest Up 26.3% in February

Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 577,687 shares, a growth of 26.3% from the February 12th total of 457,339 shares. Based on an average daily volume of 266,382 shares, the short-interest ratio is currently 2.2 days. Approximately 3.0% of the shares of the company are sold short. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 266,382 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SPOK shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Spok in a report on Monday, December 29th. B. Riley Financial downgraded shares of Spok from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $21.00 to $14.00 in a research report on Thursday, February 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.

Spok Stock Down 1.7%

NASDAQ:SPOK traded down $0.20 during mid-day trading on Friday, hitting $11.78. 258,999 shares of the company traded hands, compared to its average volume of 213,209. The stock’s fifty day moving average price is $13.11 and its 200-day moving average price is $14.37. The firm has a market cap of $244.20 million, a price-to-earnings ratio of 15.50 and a beta of 0.44. Spok has a one year low of $11.68 and a one year high of $19.31.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, February 25th. The Wireless communications provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). Spok had a return on equity of 10.63% and a net margin of 11.37%.The company had revenue of $33.86 million during the quarter, compared to the consensus estimate of $34.60 million. Equities analysts predict that Spok will post 0.76 EPS for the current year.

Spok Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a dividend of $0.3125 per share. The ex-dividend date is Monday, March 16th. This represents a $1.25 dividend on an annualized basis and a yield of 10.6%. Spok’s dividend payout ratio (DPR) is presently 164.47%.

Hedge Funds Weigh In On Spok

A number of hedge funds have recently modified their holdings of SPOK. Parallel Advisors LLC increased its stake in shares of Spok by 305.4% in the third quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,353 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake 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 buying an additional 1,013 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Spok by 41.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,080 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 612 shares during the period. McIlrath & Eck LLC boosted its holdings in Spok by 49.3% in the 3rd quarter. McIlrath & Eck LLC now owns 2,166 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 715 shares during the period. Finally, Royal Bank of Canada increased its stake in Spok by 182.8% in 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 in the last quarter. 50.81% of the stock is currently owned by institutional investors.

Spok Company Profile

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.