Short Interest in Spok Holdings, Inc. (NASDAQ:SPOK) Drops By 30.8%

Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 253,100 shares, a decline of 30.8% from the November 15th total of 366,000 shares. Based on an average trading volume of 106,900 shares, the short-interest ratio is presently 2.4 days.

Spok Price Performance

Shares of SPOK traded down $0.07 during midday trading on Friday, hitting $16.70. The stock had a trading volume of 53,267 shares, compared to its average volume of 93,768. The firm has a market cap of $338.51 million, a price-to-earnings ratio of 22.88 and a beta of 0.33. The company has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $15.33. Spok has a twelve month low of $13.24 and a twelve month high of $18.14.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 7.50%. The ex-dividend date was Monday, November 18th. Spok’s payout ratio is 171.23%.

Institutional Trading of Spok

Several institutional investors and hedge funds have recently bought and sold shares of SPOK. Renaissance Technologies LLC grew its stake in shares of Spok by 2.2% in the second quarter. Renaissance Technologies LLC now owns 1,014,722 shares of the Wireless communications provider’s stock valued at $15,028,000 after buying an additional 21,500 shares in the last quarter. HighTower Advisors LLC raised its position in Spok by 4.2% during the third quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider’s stock worth $10,141,000 after acquiring an additional 27,048 shares in the last quarter. Geode Capital Management LLC lifted its stake in Spok by 4.8% in the third quarter. Geode Capital Management LLC now owns 507,836 shares of the Wireless communications provider’s stock valued at $7,649,000 after acquiring an additional 23,367 shares during the last quarter. Foundry Partners LLC grew its position in shares of Spok by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock valued at $6,585,000 after acquiring an additional 4,120 shares during the period. Finally, State Street Corp increased its stake in shares of Spok by 3.1% during the 3rd quarter. State Street Corp now owns 415,876 shares of the Wireless communications provider’s stock worth $6,263,000 after purchasing an additional 12,467 shares during the last quarter. Institutional investors own 50.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SPOK shares. B. Riley initiated coverage on Spok in a research report on Thursday, September 26th. They set a “neutral” rating and a $15.00 target price for the company. StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

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.