Spok (SPOK) Upgraded at BidaskClub

BidaskClub upgraded shares of Spok (NASDAQ:SPOK) from a strong sell rating to a sell rating in a research report report published on Friday.

Separately, ValuEngine raised Spok from a sell rating to a hold rating in a report on Friday, August 3rd.

Shares of NASDAQ SPOK opened at $15.32 on Friday. Spok has a 12 month low of $13.75 and a 12 month high of $18.85. The firm has a market cap of $299.65 million, a PE ratio of 49.68 and a beta of 0.38.

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

The business also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 17th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Thursday, August 16th.

In related news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $15.20, for a total value of $152,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sharon Woods-Keisling sold 3,120 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $15.60, for a total value of $48,672.00. Following the completion of the sale, the insider now directly owns 27,110 shares of the company’s stock, valued at $422,916. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Spok by 6.0% in the 2nd 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. Foundry Partners LLC lifted its stake in Spok by 17.9% in the 2nd quarter. Foundry Partners LLC now owns 334,520 shares of the Wireless communications provider’s stock worth $5,035,000 after acquiring an additional 50,850 shares in the last quarter. American Century Companies Inc. lifted its stake in Spok by 10.7% in the 2nd quarter. American Century Companies Inc. now owns 308,804 shares of the Wireless communications provider’s stock worth $4,648,000 after acquiring an additional 29,836 shares in the last quarter. Alambic Investment Management L.P. lifted its stake in Spok by 44.6% in the 2nd quarter. Alambic Investment Management L.P. now owns 163,198 shares of the Wireless communications provider’s stock worth $2,456,000 after acquiring an additional 50,338 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Spok by 72.8% in the 1st quarter. Royal Bank of Canada now owns 157,542 shares of the Wireless communications provider’s stock worth $2,356,000 after acquiring an additional 66,367 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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