Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent D. Kelly Sells 45,000 Shares

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 201,645 shares of the company’s stock, valued at $2,990,395.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Spok Trading Down 1.7 %

Shares of NASDAQ SPOK traded down $0.26 during midday trading on Monday, reaching $14.92. 183,434 shares of the stock were exchanged, compared to its average volume of 139,981. The stock has a 50 day moving average price of $15.11 and a 200-day moving average price of $15.66. The company has a market capitalization of $302.28 million, a P/E ratio of 17.90 and a beta of 0.35. Spok Holdings, Inc. has a 52-week low of $12.82 and a 52-week high of $18.14.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 EPS for the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%. The firm had revenue of $33.98 million during the quarter.

Spok Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Monday, August 19th will be given a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a yield of 8.39%. The ex-dividend date is Monday, August 19th. Spok’s dividend payout ratio (DPR) is 150.60%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPOK. Principal Financial Group Inc. increased its position in Spok by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider’s stock worth $172,000 after purchasing an additional 959 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Spok by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock valued at $3,439,000 after acquiring an additional 2,303 shares during the period. Bailard Inc. lifted its holdings in shares of Spok by 17.6% during the 2nd quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock valued at $256,000 after acquiring an additional 2,592 shares in the last quarter. Rhumbline Advisers boosted its position in Spok by 13.6% during the 2nd quarter. Rhumbline Advisers now owns 28,208 shares of the Wireless communications provider’s stock worth $418,000 after purchasing an additional 3,381 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Spok by 11.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 38,621 shares of the Wireless communications provider’s stock valued at $572,000 after purchasing an additional 3,883 shares in the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd.

Spok Company Profile

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.