Short Interest in Spok Holdings, Inc. (NASDAQ:SPOK) Increases By 36.1%

Spok Holdings, Inc. (NASDAQ:SPOK) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 554,500 shares, a growth of 36.1% from the June 30th total of 407,300 shares. Based on an average daily volume of 127,400 shares, the short-interest ratio is currently 4.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Spok from a “buy” rating to a “hold” rating in a report on Friday.

Insider Activity at Spok

In other Spok news, Director Barbara Peterson Byrne sold 5,955 shares of Spok stock in a transaction on Friday, May 10th. The shares were sold at an average price of $15.18, for a total value of $90,396.90. Following the completion of the transaction, the director now owns 30,473 shares of the company’s stock, valued at $462,580.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.88% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Spok

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in Spok by 439.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,913 shares of the Wireless communications provider’s stock valued at $76,000 after purchasing an additional 4,003 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Spok in the 2nd quarter worth approximately $112,000. Tucker Asset Management LLC acquired a new position in shares of Spok in the 4th quarter worth approximately $126,000. BNP Paribas Financial Markets lifted its holdings in shares of Spok by 82.8% in the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock worth $137,000 after acquiring an additional 3,884 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in Spok during the 4th quarter worth approximately $167,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Spok Stock Performance

Shares of SPOK stock traded down $0.29 on Monday, reaching $15.14. 155,287 shares of the company were exchanged, compared to its average volume of 140,642. The company has a market cap of $306.74 million, a price-to-earnings ratio of 18.24 and a beta of 0.35. The business has a 50-day moving average price of $15.15 and a 200 day moving average price of $15.77. Spok has a 1 year low of $12.76 and a 1 year high of $18.14.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 EPS for the quarter. The business had revenue of $34.91 million during the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Monday, August 19th will be issued a $0.313 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.25 annualized dividend and a yield of 8.27%. Spok’s payout ratio is 150.60%.

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.