Spok Holdings, Inc. (NASDAQ:SPOK) Short Interest Down 30.8% in November

Spok Holdings, Inc. (NASDAQ:SPOK) was the target of a significant drop in short interest in 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 volume of 106,900 shares, the short-interest ratio is presently 2.4 days.

Spok Stock Performance

NASDAQ:SPOK traded down $0.07 during trading hours on Friday, hitting $16.70. The stock had a trading volume of 53,267 shares, compared to its average volume of 93,768. The business’s 50 day moving average is $15.87 and its 200-day moving average 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 has a one year low of $13.24 and a one year high of $18.14.

Spok Dividend Announcement

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

Analyst Ratings Changes

SPOK has been the subject of a number of research reports. B. Riley started coverage on Spok in a research report on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price objective for the company. StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Institutional Investors Weigh In On Spok

Several large investors have recently made changes to their positions in the stock. Magnetar Financial LLC acquired a new stake in shares of Spok in the 2nd quarter valued at about $513,000. Acadian Asset Management LLC raised its position in Spok by 58.9% in the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after buying an additional 119,102 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Spok in the 3rd quarter valued at approximately $529,000. Bailard Inc. boosted its position in Spok by 17.6% during the 2nd quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock worth $256,000 after acquiring an additional 2,592 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Spok in the third quarter valued at approximately $473,000. Institutional investors own 50.81% of the company’s stock.

Spok Company Profile

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.