Spok Holdings, Inc. (NASDAQ:SPOK) insider Tom Saine sold 3,000 shares of Spok Holdings stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $17.30, for a total value of $51,900.00. Following the sale, the insider now directly owns 43,924 shares in the company, valued at approximately $759,885.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.95%. Spok Holdings’s dividend payout ratio is currently 111.11%.

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Separately, BidaskClub downgraded Spok Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.

A number of hedge funds have recently modified their holdings of SPOK. Hancock Holding Co. purchased a new position in Spok Holdings during the second quarter worth approximately $193,000. Great Lakes Advisors LLC purchased a new position in Spok Holdings during the second quarter worth approximately $204,000. Thrivent Financial For Lutherans boosted its position in Spok Holdings by 5.5% during the second quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock worth $219,000 after purchasing an additional 650 shares in the last quarter. Voya Investment Management LLC boosted its position in Spok Holdings by 13.1% during the second quarter. Voya Investment Management LLC now owns 12,459 shares of the Wireless communications provider’s stock worth $221,000 after purchasing an additional 1,439 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new position in Spok Holdings during the second quarter worth approximately $252,000. Institutional investors own 87.36% of the company’s stock.

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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