Spok Holdings, Inc. (SPOK) Short Interest Down 27.9% in August
Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 394,963 shares, a drop of 27.9% from the August 15th total of 547,758 shares. Based on an average daily trading volume, of 88,208 shares, the days-to-cover ratio is currently 4.5 days. Currently, 2.0% of the shares of the company are sold short.
Shares of Spok Holdings (NASDAQ:SPOK) opened at 14.85 on Friday. The firm has a market cap of $296.66 million, a price-to-earnings ratio of 32.35 and a beta of 0.64. The firm has a 50-day moving average price of $16.22 and a 200-day moving average price of $17.46. Spok Holdings has a 12-month low of $14.45 and a 12-month high of $22.60.
Spok Holdings (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, July 26th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $42.33 million for the quarter. Spok Holdings had a return on equity of 2.93% and a net margin of 5.44%. Equities research analysts anticipate that Spok Holdings will post $0.90 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.50 annualized dividend and a yield of 3.37%. Spok Holdings’s dividend payout ratio is 108.70%.
In other Spok Holdings news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $16.81, for a total value of $168,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.63% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund raised its stake in Spok Holdings by 0.9% in the second quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock valued at $265,000 after buying an additional 128 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Spok Holdings by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock valued at $434,000 after buying an additional 330 shares during the period. Thrivent Financial For Lutherans raised its stake in Spok Holdings by 5.5% in the second quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock valued at $219,000 after buying an additional 650 shares during the period. Alliancebernstein L.P. raised its stake in Spok Holdings by 1.0% in the second quarter. Alliancebernstein L.P. now owns 125,263 shares of the Wireless communications provider’s stock valued at $2,217,000 after buying an additional 1,200 shares during the period. Finally, Voya Investment Management LLC raised its stake in Spok Holdings by 13.1% in the second quarter. Voya Investment Management LLC now owns 12,459 shares of the Wireless communications provider’s stock valued at $221,000 after buying an additional 1,439 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.
A number of analysts have issued reports on the company. BidaskClub lowered Spok Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine lowered Spok Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 15th.
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Spok Holdings Company Profile
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
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