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

Spok Holdings, Inc. (NASDAQ:SPOK) Director Christine Cournoyer sold 8,320 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $11.28, for a total value of $93,849.60. Following the completion of the sale, the director owned 16,261 shares in the company, valued at approximately $183,424.08. This represents a 33.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Spok Price Performance

Shares of NASDAQ SPOK opened at $10.98 on Thursday. The stock has a market capitalization of $229.70 million, a price-to-earnings ratio of 18.93 and a beta of 0.48. The firm’s 50 day simple moving average is $10.71 and its 200-day simple moving average is $11.45. Spok Holdings, Inc. has a 12 month low of $9.95 and a 12 month high of $18.79.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $34.30 million. Analysts anticipate that Spok Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

Spok Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 19th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 11.4%. Spok’s dividend payout ratio is 215.52%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPOK. Weiss Ratings upgraded Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Spok from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Institutional Investors Weigh In On Spok

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in Spok during the first quarter worth $271,000. Goldman Sachs Group Inc. lifted its holdings in Spok by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock valued at $8,575,000 after purchasing an additional 130,478 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Spok in the first quarter valued at about $467,000. JPMorgan Chase & Co. grew 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 valued at $3,961,000 after purchasing an additional 24,991 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Spok by 5.4% during 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 in the last quarter. Hedge funds and other institutional investors 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.