Spok Holdings Inc (SPOK) CEO Sells $139,100.00 in Stock

Spok Holdings Inc (NASDAQ:SPOK) CEO Vincent D. Kelly sold 10,000 shares of Spok stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $13.91, for a total transaction of $139,100.00. The sale was disclosed in a filing with the SEC, which is available through this link.

SPOK stock traded down $1.17 during trading on Tuesday, hitting $13.15. 218,053 shares of the stock traded hands, compared to its average volume of 107,219. Spok Holdings Inc has a one year low of $13.00 and a one year high of $17.55. The company has a market capitalization of $283.48 million, a P/E ratio of 145.70 and a beta of 0.47.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, October 24th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter. Spok had a negative net margin of 13.14% and a positive return on equity of 0.65%. The firm had revenue of $42.48 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, November 15th.

Hedge funds have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC bought a new position in Spok during the 3rd quarter valued at about $169,000. Engineers Gate Manager LP bought a new position in Spok during the 3rd quarter valued at about $174,000. Mackenzie Financial Corp bought a new position in Spok during the 3rd quarter valued at about $357,000. Paloma Partners Management Co bought a new position in Spok during the 3rd quarter valued at about $433,000. Finally, AQR Capital Management LLC bought a new position in shares of Spok in the third quarter worth about $459,000. 81.69% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub raised shares of Spok from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th.

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About 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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