Spok Holdings, Inc. (NASDAQ:SPOK) Director Todd J. Stein Buys 1,348 Shares of Stock

Spok Holdings, Inc. (NASDAQ:SPOK – Get Rating) Director Todd J. Stein acquired 1,348 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were acquired at an average cost of $9.72 per share, for a total transaction of $13,102.56. Following the completion of the transaction, the director now directly owns 830,868 shares of the company’s stock, valued at $8,076,036.96. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Spok Trading Down 1.0 %

SPOK stock traded down $0.10 during trading on Friday, reaching $9.57. The stock had a trading volume of 213,621 shares, compared to its average volume of 202,968. Spok Holdings, Inc. has a 52 week low of $6.13 and a 52 week high of $10.84. The stock’s 50 day moving average is $9.00 and its two-hundred day moving average is $8.29. The firm has a market cap of $191.37 million, a PE ratio of 8.78 and a beta of 0.27.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 16th will be paid a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 13.08%. The ex-dividend date is Wednesday, March 15th. Spok’s dividend payout ratio (DPR) is currently 114.68%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Formidable Asset Management LLC raised its stake in shares of Spok by 2.3% in the third quarter. Formidable Asset Management LLC now owns 71,560 shares of the Wireless communications provider’s stock worth $547,000 after buying an additional 1,590 shares during the period. Prelude Capital Management LLC raised its stake in shares of Spok by 12.6% in the third quarter. Prelude Capital Management LLC now owns 126,244 shares of the Wireless communications provider’s stock worth $965,000 after buying an additional 14,139 shares during the period. Prosight Management LP bought a new position in shares of Spok in the third quarter worth about $497,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Spok by 8.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 67,555 shares of the Wireless communications provider’s stock worth $516,000 after buying an additional 5,539 shares during the period. Finally, Barclays PLC raised its stake in shares of Spok by 9.2% in the third quarter. Barclays PLC now owns 38,450 shares of the Wireless communications provider’s stock worth $294,000 after buying an additional 3,233 shares during the period. Institutional investors own 45.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPOK. StockNews.com began coverage on Spok in a research report on Thursday. They set a “strong-buy” rating on the stock. Lake Street Capital reissued a “buy” rating and issued a $15.00 target price on shares of Spok in a report on Monday, December 19th.

About Spok

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Spok Holdings, Inc engages in the provision of communication solutions. It provides call center operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications and public safety solutions. The company was founded in 1965 and is headquartered in Alexandria, VA.