Spok (SPOK) Hits New 12-Month High at $15.96

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Spok Holdings Inc (NASDAQ:SPOK)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $15.96 and last traded at $15.62, with a volume of 126057 shares. The stock had previously closed at $15.35.

Separately, BidaskClub upgraded Spok from a “hold” rating to a “buy” rating in a research report on Wednesday.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.04 earnings per share (EPS) for the quarter. Spok had a negative return on equity of 0.19% and a negative net margin of 0.31%. The firm had revenue of $41.76 million during the quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.19%. The ex-dividend date is Thursday, May 23rd.

In other Spok news, CEO Vincent D. Kelly sold 5,000 shares of Spok stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $13.80, for a total transaction of $69,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.51% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. bought a new stake in Spok during the first quarter worth about $41,000. BNP Paribas Arbitrage SA lifted its stake in Spok by 54,571.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock worth $52,000 after purchasing an additional 3,820 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Spok during the fourth quarter worth about $74,000. Oregon Public Employees Retirement Fund bought a new stake in Spok during the fourth quarter worth about $91,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Spok by 523.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,169 shares of the Wireless communications provider’s stock worth $95,000 after purchasing an additional 6,019 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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About Spok (NASDAQ:SPOK)

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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