Spok Holdings, Inc. (SPOK) Insider Tom Saine Sells 3,000 Shares of Stock

Spok Holdings, Inc. (NASDAQ:SPOK) insider Tom Saine sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $17.30, for a total transaction of $51,900.00. Following the completion of the transaction, the insider now directly owns 43,924 shares in the company, valued at approximately $759,885.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Spok Holdings, Inc. (NASDAQ SPOK) traded down $1.15 during mid-day trading on Friday, reaching $16.20. 141,368 shares of the company traded hands, compared to its average volume of 78,458. The company has a market cap of $332.72, a PE ratio of 37.00 and a beta of 0.59.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.09%. The ex-dividend date is Thursday, November 16th. Spok Holdings’s dividend payout ratio is presently 111.11%.

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Separately, BidaskClub downgraded shares of Spok Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund increased its position in Spok Holdings by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock valued at $265,000 after purchasing an additional 128 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Spok Holdings by 1.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock valued at $434,000 after purchasing an additional 330 shares during the period. Thrivent Financial For Lutherans increased its position in Spok Holdings by 5.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock valued at $219,000 after purchasing an additional 650 shares during the period. Alliancebernstein L.P. increased its position in Spok Holdings by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 125,263 shares of the Wireless communications provider’s stock valued at $2,217,000 after purchasing an additional 1,200 shares during the period. Finally, Voya Investment Management LLC increased its position in Spok Holdings by 13.1% during the 2nd quarter. Voya Investment Management LLC now owns 12,459 shares of the Wireless communications provider’s stock valued at $221,000 after purchasing an additional 1,439 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

About Spok Holdings

USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.

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