Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 94,500 shares, a decline of 40.0% from the December 15th total of 157,400 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 97,000 shares, the short-interest ratio is currently 1.0 days.
Separately, TheStreet lowered shares of Spok from a “c-” rating to a “d+” rating in a research note on Friday, December 10th.
A number of institutional investors have recently added to or reduced their stakes in SPOK. Blair William & Co. IL raised its holdings in shares of Spok by 24.7% in the second quarter. Blair William & Co. IL now owns 157,921 shares of the Wireless communications provider’s stock valued at $1,519,000 after acquiring an additional 31,328 shares in the last quarter. Tibra Equities Europe Ltd purchased a new position in Spok during the 2nd quarter valued at about $338,000. Assenagon Asset Management S.A. bought a new stake in shares of Spok in the 3rd quarter valued at about $3,868,000. Goldman Sachs Group Inc. lifted its position in shares of Spok by 60.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 81,842 shares of the Wireless communications provider’s stock worth $787,000 after purchasing an additional 30,744 shares during the period. Finally, Deprince Race & Zollo Inc. increased its holdings in Spok by 174.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,442,292 shares of the Wireless communications provider’s stock valued at $13,875,000 after buying an additional 915,916 shares during the period. 66.94% of the stock is owned by institutional investors.
NASDAQ SPOK opened at $9.60 on Friday. Spok has a 1-year low of $7.16 and a 1-year high of $12.86. The firm’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.39. The company has a market capitalization of $187.01 million, a PE ratio of -3.52 and a beta of 0.25.
Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, November 3rd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter. Spok had a negative return on equity of 13.84% and a negative net margin of 35.92%. The business had revenue of $35.85 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Tuesday, November 16th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Monday, November 15th. Spok’s dividend payout ratio is presently -18.31%.
Spok Company Profile
Spok Holdings, Inc engages in the provision of communication solutions. It provides call centre 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 Springfield, VA.
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