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

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

Hedge Funds Weigh In On Spok

A number of institutional investors and hedge funds have recently bought and sold shares of SPOK. Larson Financial Group LLC acquired a new stake in shares of Spok in the third quarter valued at approximately $26,000. nVerses Capital LLC bought a new position in Spok in the 3rd quarter valued at $27,000. BNP Paribas Financial Markets increased its stake in shares of Spok by 18.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock valued at $58,000 after buying an additional 609 shares during the period. Gladius Capital Management LP bought a new stake in shares of Spok during the second quarter worth $112,000. Finally, SG Americas Securities LLC acquired a new position in shares of Spok during the third quarter valued at $116,000. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

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

Spok Stock Performance

NASDAQ SPOK traded down $0.07 during trading on Friday, reaching $16.70. 53,267 shares of the company traded hands, compared to its average volume of 93,768. Spok has a 1-year low of $13.24 and a 1-year high of $18.14. The stock’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $15.33. The company has a market cap of $338.51 million, a price-to-earnings ratio of 22.88 and a beta of 0.33.

Spok Dividend Announcement

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

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.