Spok Holdings Inc (NASDAQ:SPOK) shares reached a new 52-week low during trading on Thursday . The company traded as low as $12.83 and last traded at $13.06, with a volume of 3085 shares trading hands. The stock had previously closed at $13.15.
Separately, BidaskClub downgraded shares of Spok from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.
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 posted its quarterly earnings data on Wednesday, October 24th. The Wireless communications provider reported ($0.02) EPS for the quarter. Spok had a negative net margin of 13.14% and a positive return on equity of 0.65%. The company had revenue of $42.48 million for the quarter.
The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.70%.
In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction on 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new position in shares of Spok in the 3rd quarter worth about $169,000. Engineers Gate Manager LP bought a new position in shares of Spok in the 3rd quarter worth about $174,000. Mackenzie Financial Corp bought a new position in shares of Spok in the 3rd quarter worth about $357,000. Paloma Partners Management Co bought a new position in shares of Spok in the 3rd quarter worth about $433,000. Finally, AQR Capital Management LLC bought a new position in shares of Spok in the 3rd quarter worth about $459,000. Institutional investors own 81.69% of the company’s stock.
About Spok (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: Cash Flow
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