Spok Holdings Inc (SPOK) CEO Vincent D. Kelly Sells 10,000 Shares

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Spok Holdings Inc (NASDAQ:SPOK) CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $15.20, for a total transaction of $152,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Spok stock traded up $0.15 during mid-day trading on Thursday, hitting $15.50. 728 shares of the stock were exchanged, compared to its average volume of 98,210. Spok Holdings Inc has a twelve month low of $13.75 and a twelve month high of $18.85. The stock has a market capitalization of $298.68 million, a P/E ratio of 49.52 and a beta of 0.37.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, July 25th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter. Spok had a positive return on equity of 2.07% and a negative net margin of 10.59%. The firm had revenue of $40.63 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, August 16th. This represents a $0.50 annualized dividend and a dividend yield of 3.23%.

Several institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Spok by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 104,828 shares of the Wireless communications provider’s stock worth $1,578,000 after purchasing an additional 3,447 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Spok by 2.6% in the first quarter. Principal Financial Group Inc. now owns 153,433 shares of the Wireless communications provider’s stock worth $2,294,000 after acquiring an additional 3,912 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Spok by 11.6% in the second quarter. Legal & General Group Plc now owns 40,160 shares of the Wireless communications provider’s stock worth $605,000 after acquiring an additional 4,173 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Spok by 7.6% in the first quarter. Systematic Financial Management LP now owns 71,575 shares of the Wireless communications provider’s stock worth $1,070,000 after acquiring an additional 5,045 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Spok by 18.1% in the first quarter. Russell Investments Group Ltd. now owns 38,454 shares of the Wireless communications provider’s stock worth $575,000 after acquiring an additional 5,905 shares during the last quarter. 82.48% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on SPOK shares. BidaskClub raised shares of Spok from a “strong sell” rating to a “sell” rating in a research note on Friday, May 18th. ValuEngine raised shares of Spok from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

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Insider Buying and Selling by Quarter for Spok (NASDAQ:SPOK)

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