Spok (NASDAQ:SPOK) Shares Cross Above 200-Day Moving Average – What’s Next?

Spok Holdings, Inc. (NASDAQ:SPOK)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.79 and traded as high as $11.02. Spok shares last traded at $10.73, with a volume of 102,331 shares.

Wall Street Analyst Weigh In

SPOK has been the subject of a number of analyst reports. Wall Street Zen upgraded Spok from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Weiss Ratings downgraded Spok from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Spok presently has a consensus rating of “Reduce” and a consensus price target of $14.00.

Spok Stock Down 1.1%

The stock has a 50-day simple moving average of $10.68 and a 200 day simple moving average of $10.79. The company has a market cap of $221.96 million, a PE ratio of 18.29 and a beta of 0.47.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $35.01 million during the quarter, compared to analysts’ expectations of $34.30 million. Spok had a return on equity of 8.50% and a net margin of 9.00%.

Spok Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th were given a dividend of $0.3125 per share. The ex-dividend date was Wednesday, August 19th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 11.8%. Spok’s dividend payout ratio (DPR) is currently 215.52%.

Insider Buying and Selling at Spok

In other news, Director Christine Cournoyer sold 8,320 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $11.28, for a total value of $93,849.60. Following the sale, the director directly owned 16,261 shares of the company’s stock, valued at approximately $183,424.08. The trade was a 33.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Spok

Large investors have recently made changes to their positions in the stock. Triumph Capital Management boosted its position in shares of Spok by 36.2% during the 3rd quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider’s stock worth $71,000 after purchasing an additional 1,800 shares during the period. State of Wyoming raised its position in Spok by 160.3% in the first quarter. State of Wyoming now owns 10,013 shares of the Wireless communications provider’s stock valued at $109,000 after purchasing an additional 6,167 shares during the period. Amundi acquired a new position in Spok during the second quarter worth $125,000. Brady Martz Wealth Solutions LLC purchased a new position in shares of Spok during the first quarter worth $133,000. Finally, Empowered Funds LLC purchased a new position in shares of Spok during the first quarter worth $166,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Spok Company Profile

Spok Inc (NASDAQ: SPOK) provides healthcare communications technology designed to help organizations coordinate clinical and operational activities. Its solutions support the delivery of secure, time-sensitive information among clinicians, care teams, patients and other personnel.

The company’s offerings include secure messaging and clinical collaboration tools, critical communications software, on-call scheduling, paging services, voice solutions and communication middleware. Spok’s systems can connect with electronic health records, nurse call systems, smartphones, pagers and other hospital technologies to help route alerts and messages to the appropriate people.

Spok primarily serves hospitals, health systems and other healthcare organizations, with solutions intended to support workflows such as patient care coordination, emergency response, care-team collaboration and operational communications.