Spok (NASDAQ:SPOK) Issues Quarterly Earnings Results

Spok (NASDAQ:SPOK) posted its quarterly earnings data on Wednesday. The Wireless communications provider reported ($0.03) earnings per share for the quarter, Morningstar.com reports. Spok had a negative return on equity of 0.19% and a negative net margin of 0.31%. The firm had revenue of $39.53 million for the quarter. Spok updated its FY 2019 guidance to EPS.

Shares of NASDAQ:SPOK traded down $0.92 during trading on Thursday, reaching $12.07. 487,637 shares of the company traded hands, compared to its average volume of 109,040. The company has a fifty day simple moving average of $14.87. Spok has a 1-year low of $11.93 and a 1-year high of $17.25.

In other Spok news, Director Todd J. Stein sold 65,376 shares of Spok stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $15.84, for a total transaction of $1,035,555.84. Following the completion of the sale, the director now owns 2,973 shares of the company’s stock, valued at approximately $47,092.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent D. Kelly sold 10,000 shares of Spok stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $15.38, for a total transaction of $153,800.00. The disclosure for this sale can be found here. Company insiders own 7.51% of the company’s stock.

Several large investors have recently modified their holdings of SPOK. 6 Meridian lifted its stake in shares of Spok by 2.0% in the 2nd quarter. 6 Meridian now owns 35,039 shares of the Wireless communications provider’s stock valued at $527,000 after purchasing an additional 696 shares during the last quarter. Botty Investors LLC lifted its stake in shares of Spok by 33.3% in the 2nd quarter. Botty Investors LLC now owns 2,805 shares of the Wireless communications provider’s stock valued at $42,000 after purchasing an additional 700 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Spok by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 38,538 shares of the Wireless communications provider’s stock valued at $511,000 after purchasing an additional 745 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Spok by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 146,898 shares of the Wireless communications provider’s stock valued at $1,948,000 after purchasing an additional 784 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Spok by 2.6% in the 1st quarter. Strs Ohio now owns 44,100 shares of the Wireless communications provider’s stock valued at $600,000 after purchasing an additional 1,100 shares during the last quarter. 80.30% of the stock is owned by institutional investors.

Separately, BidaskClub cut shares of Spok from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

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Earnings History for Spok (NASDAQ:SPOK)

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