Spok (NASDAQ:SPOK) Coverage Initiated by Analysts at B. Riley

B. Riley assumed coverage on shares of Spok (NASDAQ:SPOK) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $15.00 target price on the Wireless communications provider’s stock.

Separately, StockNews.com raised shares of Spok from a hold rating to a buy rating in a research report on Saturday, August 3rd.

Spok Stock Up 1.1 %

Shares of Spok stock opened at $15.16 on Thursday. The stock has a market capitalization of $306.93 million, a P/E ratio of 18.27 and a beta of 0.33. The stock has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $15.24. Spok has a 12-month low of $13.24 and a 12-month high of $18.14.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $0.17 earnings per share for the quarter. Spok had a return on equity of 9.56% and a net margin of 11.19%. The company had revenue of $33.98 million during the quarter.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 19th were paid a $0.313 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.25 annualized dividend and a dividend yield of 8.26%. Spok’s dividend payout ratio is currently 150.60%.

Insider Activity

In related news, CEO Vincent D. Kelly sold 45,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.83, for a total transaction of $667,350.00. Following the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Michael W. Wallace sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total transaction of $370,000.00. Following the sale, the chief operating officer now directly owns 49,465 shares in the company, valued at approximately $732,082. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent D. Kelly sold 45,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the sale, the chief executive officer now owns 201,645 shares in the company, valued at $2,990,395.35. The disclosure for this sale can be found here. Corporate insiders own 11.88% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in Spok during the 2nd quarter worth $112,000. Tucker Asset Management LLC acquired a new position in Spok during the 4th quarter worth $126,000. BNP Paribas Financial Markets lifted its holdings in Spok by 82.8% during the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock worth $137,000 after buying an additional 3,884 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Spok during the 1st quarter worth $170,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Spok during the 2nd quarter worth $196,000. 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.