Spok Holdings Inc (NASDAQ:SPOK) hit a new 52-week low during trading on Thursday . The company traded as low as $12.83 and last traded at $13.06, with a volume of 3085 shares changing hands. The stock had previously closed at $13.15.
Separately, BidaskClub downgraded Spok from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.
The stock has a market cap of $255.85 million, a P/E ratio of 131.50 and a beta of 0.48.
Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, October 24th. The Wireless communications provider reported ($0.02) EPS for the quarter. The company had revenue of $42.48 million for the quarter. Spok had a negative net margin of 13.14% and a positive return on equity of 0.65%.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Friday, November 16th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.90%.
In other news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $13.91, for a total value of $139,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Spok by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 104,828 shares of the Wireless communications provider’s stock valued at $1,578,000 after purchasing an additional 3,447 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Spok by 6.0% during the second quarter. BlackRock Inc. now owns 3,117,215 shares of the Wireless communications provider’s stock worth $46,914,000 after acquiring an additional 176,639 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Spok by 57.9% during the second quarter. Russell Investments Group Ltd. now owns 60,704 shares of the Wireless communications provider’s stock worth $914,000 after acquiring an additional 22,250 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Spok by 6.9% during the second quarter. SG Americas Securities LLC now owns 94,836 shares of the Wireless communications provider’s stock worth $1,427,000 after acquiring an additional 6,083 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its holdings in shares of Spok by 2.8% during the third quarter. Bridgeway Capital Management Inc. now owns 309,664 shares of the Wireless communications provider’s stock worth $4,769,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors own 81.69% of the company’s stock.
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Spok Company Profile (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.
Further Reading: How can you know how many shares are floating?
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