Spok (NASDAQ:SPOK) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, BidAskClub reports.

Spok stock opened at $16.84 on Thursday. Spok has a 52 week low of $12.21 and a 52 week high of $17.25.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.04 EPS for the quarter. The company had revenue of $41.76 million for the quarter. Spok had a negative return on equity of 0.19% and a negative net margin of 0.31%.

In other Spok news, CEO Vincent D. Kelly sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $14.13, for a total value of $70,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Todd J. Stein sold 65,376 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $15.84, for a total value of $1,035,555.84. Following the completion of the transaction, the director now directly owns 2,973 shares in the company, valued at approximately $47,092.32. The disclosure for this sale can be found here. In the last three months, insiders sold 75,376 shares of company stock worth $1,175,206. Insiders own 7.51% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SPOK. Bank of New York Mellon Corp boosted its stake in Spok by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 510,995 shares of the Wireless communications provider’s stock worth $7,868,000 after purchasing an additional 11,550 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Spok during the third quarter valued at $459,000. Meeder Asset Management Inc. lifted its stake in shares of Spok by 3,085.0% during the fourth quarter. Meeder Asset Management Inc. now owns 14,046 shares of the Wireless communications provider’s stock valued at $186,000 after acquiring an additional 13,605 shares during the period. Bank of Montreal Can lifted its stake in shares of Spok by 680.7% during the fourth quarter. Bank of Montreal Can now owns 34,274 shares of the Wireless communications provider’s stock valued at $454,000 after acquiring an additional 29,884 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Spok by 36.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 222,974 shares of the Wireless communications provider’s stock valued at $2,957,000 after acquiring an additional 59,453 shares during the period. 82.99% of the stock is currently owned by institutional investors.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

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