Vincent D. Kelly Sells 10,000 Shares of Spok Holdings Inc (NASDAQ:SPOK) Stock

Spok Holdings Inc (NASDAQ:SPOK) CEO Vincent D. Kelly sold 10,000 shares of Spok stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total transaction of $153,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:SPOK traded up $0.02 on Friday, hitting $15.04. 162,853 shares of the company were exchanged, compared to its average volume of 100,764. Spok Holdings Inc has a 1-year low of $12.21 and a 1-year high of $17.25. The stock has a 50 day moving average price of $15.34.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 24th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.32%.

Separately, BidaskClub downgraded shares of Spok from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stone Ridge Asset Management LLC lifted its position in Spok by 15.9% during the fourth quarter. Stone Ridge Asset Management LLC now owns 49,375 shares of the Wireless communications provider’s stock valued at $655,000 after purchasing an additional 6,791 shares during the period. Campbell & CO Investment Adviser LLC raised its position in shares of Spok by 99.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 21,960 shares of the Wireless communications provider’s stock worth $322,000 after acquiring an additional 10,960 shares during the period. Mackenzie Financial Corp raised its position in shares of Spok by 15.7% in the fourth quarter. Mackenzie Financial Corp now owns 26,781 shares of the Wireless communications provider’s stock worth $355,000 after acquiring an additional 3,631 shares during the period. SG Americas Securities LLC raised its position in shares of Spok by 9.5% in the fourth quarter. SG Americas Securities LLC now owns 109,354 shares of the Wireless communications provider’s stock worth $1,450,000 after acquiring an additional 9,524 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Spok by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 510,995 shares of the Wireless communications provider’s stock worth $7,868,000 after acquiring an additional 11,550 shares during the period. Institutional investors own 80.35% of the company’s stock.

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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