B. Riley Has Positive Forecast for Spok FY2024 Earnings

Spok Holdings, Inc. (NASDAQ:SPOK) – Analysts at B. Riley boosted their FY2024 EPS estimates for Spok in a note issued to investors on Thursday, October 31st. B. Riley analyst K. Bauser now anticipates that the Wireless communications provider will earn $0.76 per share for the year, up from their prior estimate of $0.74. B. Riley currently has a “Hold” rating on the stock. The consensus estimate for Spok’s current full-year earnings is $0.74 per share. B. Riley also issued estimates for Spok’s Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.20 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.79 EPS.

Separately, StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Spok Price Performance

Shares of SPOK opened at $15.49 on Friday. Spok has a one year low of $13.24 and a one year high of $18.14. The company has a 50-day simple moving average of $14.96 and a two-hundred day simple moving average of $15.06. The firm has a market capitalization of $313.89 million, a PE ratio of 21.22 and a beta of 0.33.

Hedge Funds Weigh In On Spok

Large investors have recently made changes to their positions in the business. nVerses Capital LLC bought a new stake in shares of Spok during the third quarter valued at approximately $27,000. Gladius Capital Management LP bought a new stake in shares of Spok during the second quarter valued at approximately $112,000. SG Americas Securities LLC bought a new stake in shares of Spok during the third quarter valued at approximately $116,000. BNP Paribas Financial Markets increased its position in shares of Spok by 82.8% during the first quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock valued at $137,000 after acquiring an additional 3,884 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Spok during the first quarter valued at approximately $170,000. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Spok news, COO Michael W. Wallace sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the completion of the sale, the chief operating officer now directly owns 49,465 shares in the company, valued at $732,082. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Vincent D. Kelly sold 45,000 shares of Spok stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the completion of the transaction, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael W. Wallace sold 25,000 shares of Spok stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total transaction of $370,000.00. Following the transaction, the chief operating officer now owns 49,465 shares of the company’s stock, valued at $732,082. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.51% of the stock is currently owned by company insiders.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be issued a $0.313 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.25 annualized dividend and a yield of 8.08%. 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.