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

Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a significant 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 daily volume of 106,900 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Spok

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in shares of Spok by 58.9% in the second quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock worth $4,752,000 after purchasing an additional 119,102 shares during the period. Sei Investments Co. bought a new position in Spok in the 2nd quarter valued at about $579,000. Panagora Asset Management Inc. bought a new stake in shares of Spok during the 2nd quarter worth approximately $523,000. Kingsview Wealth Management LLC acquired a new stake in shares of Spok during the 3rd quarter worth approximately $529,000. Finally, Magnetar Financial LLC bought a new position in Spok in the second quarter valued at approximately $513,000. 50.81% of the stock is owned by institutional investors and hedge funds.

Spok Trading Down 0.4 %

NASDAQ SPOK traded down $0.07 during trading on Friday, reaching $16.70. The company’s stock had a trading volume of 53,267 shares, compared to its average volume of 93,768. Spok has a 12 month low of $13.24 and a 12 month high of $18.14. The firm has a 50 day moving average price of $15.87 and a 200 day moving average price of $15.33. The firm has a market capitalization of $338.51 million, a price-to-earnings ratio of 22.88 and a beta of 0.33.

Spok Dividend Announcement

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

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.