StockNews.com upgraded shares of Spok (NASDAQ:SPOK – Free Report) from a hold rating to a buy rating in a research note released on Saturday.
Spok Stock Performance
Shares of NASDAQ SPOK traded down $0.10 during trading on Friday, reaching $14.81. The company had a trading volume of 125,419 shares, compared to its average volume of 122,317. Spok has a 52 week low of $12.76 and a 52 week high of $18.14. The stock has a market cap of $300.05 million, a PE ratio of 17.84 and a beta of 0.35. The business’s 50 day moving average price is $15.12 and its 200-day moving average price is $15.76.
Spok (NASDAQ:SPOK – Get Free Report) last announced its earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share for the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%. The company had revenue of $34.91 million during the quarter.
Spok Dividend Announcement
Insider Transactions at Spok
In other news, Director Barbara Peterson Byrne sold 5,955 shares of Spok stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $15.18, for a total transaction of $90,396.90. Following the completion of the sale, the director now owns 30,473 shares in the company, valued at approximately $462,580.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.88% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Spok by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,026,201 shares of the Wireless communications provider’s stock valued at $16,368,000 after purchasing an additional 31,888 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Spok in the first quarter valued at approximately $3,759,000. Bank of New York Mellon Corp boosted its holdings in shares of Spok by 1.0% in the second quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock valued at $3,439,000 after buying an additional 2,303 shares during the period. Truvestments Capital LLC acquired a new position in shares of Spok in the first quarter valued at approximately $1,868,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Spok by 51.4% in the first quarter. GSA Capital Partners LLP now owns 104,258 shares of the Wireless communications provider’s stock valued at $1,663,000 after buying an additional 35,390 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.
About Spok
Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.
Further Reading
- Five stocks we like better than Spok
- The Significance of Brokerage Rankings in Stock Selection
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Investing In Automotive Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Learn Technical Analysis Skills to Master the Stock Market
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
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.