Spok (NASDAQ:SPOK) Posts Quarterly Earnings Results

Spok (NASDAQ:SPOK) posted its quarterly earnings data on Wednesday. The Wireless communications provider reported $0.21 EPS for the quarter, Zacks reports. Spok had a return on equity of 9.43% and a net margin of 11.27%. The firm had revenue of $34.91 million during the quarter. Spok updated its FY 2024 guidance to EPS.

Spok Stock Performance

Shares of SPOK traded down $1.36 during midday trading on Thursday, hitting $14.36. The company had a trading volume of 379,072 shares, compared to its average volume of 147,779. The company’s 50-day simple moving average is $16.29 and its 200-day simple moving average is $15.93. The firm has a market capitalization of $290.79 million, a P/E ratio of 18.60 and a beta of 0.27. Spok has a 1 year low of $10.46 and a 1 year high of $18.14.

Spok Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 8.72%. This is a boost from Spok’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, March 14th. Spok’s dividend payout ratio (DPR) is 162.34%.

Insider Activity

In other news, Director Todd J. Stein sold 25,927 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $17.92, for a total transaction of $464,611.84. Following the sale, the director now owns 696,637 shares of the company’s stock, valued at approximately $12,483,735.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.88% of the company’s stock.

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.