Spok (SPOK) Sets New 12-Month Low at $12.83

Spok Holdings Inc (NASDAQ:SPOK)’s share price reached a new 52-week low during trading on Thursday . The stock 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 raised shares of Spok from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 20th.

The company has a market cap of $249.23 million, a P/E ratio of 128.10 and a beta of 0.48.

Spok (NASDAQ:SPOK) last released its earnings results 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 business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.50 annualized dividend and a yield of 3.70%.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in SPOK. Campbell & CO Investment Adviser LLC acquired a new position in Spok during the 3rd quarter valued at about $169,000. Engineers Gate Manager LP acquired a new position in shares of Spok in the 3rd quarter worth approximately $174,000. Mackenzie Financial Corp acquired a new position in shares of Spok in the 3rd quarter worth approximately $357,000. Paloma Partners Management Co acquired a new position in shares of Spok in the 3rd quarter worth approximately $433,000. Finally, AQR Capital Management LLC acquired a new position in shares of Spok in the 3rd quarter worth approximately $459,000. 81.69% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Spok (SPOK) Sets New 12-Month Low at $12.83” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.com-unik.info/2018/12/08/spok-spok-sets-new-12-month-low-at-12-83.html.

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: What is a Reverse Stock Split?

Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit