Systematic Financial Management LP acquired a new position in Spok Holdings, Inc. (NASDAQ:SPOK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 78,485 shares of the Wireless communications provider’s stock, valued at approximately $1,389,000. Systematic Financial Management LP owned about 0.39% of Spok Holdings at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in SPOK. Strs Ohio grew its stake in shares of Spok Holdings by 9.0% in the 2nd quarter. Strs Ohio now owns 38,700 shares of the Wireless communications provider’s stock worth $684,000 after purchasing an additional 3,200 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Spok Holdings by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock worth $434,000 after purchasing an additional 330 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Spok Holdings by 8.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 37,141 shares of the Wireless communications provider’s stock worth $657,000 after purchasing an additional 3,000 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Spok Holdings by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock worth $265,000 after purchasing an additional 128 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Spok Holdings in the 2nd quarter worth approximately $252,000. 87.42% of the stock is currently owned by institutional investors.
Spok Holdings, Inc. (NASDAQ SPOK) opened at 14.95 on Tuesday. The stock has a market capitalization of $298.66 million, a P/E ratio of 32.57 and a beta of 0.64. The stock has a 50 day moving average of $16.18 and a 200 day moving average of $17.41. Spok Holdings, Inc. has a 52-week low of $14.45 and a 52-week high of $22.60.
Spok Holdings (NASDAQ:SPOK) last released its earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. Spok Holdings had a net margin of 5.44% and a return on equity of 2.93%. The company had revenue of $42.33 million for the quarter. On average, equities research analysts forecast that Spok Holdings, Inc. will post $0.90 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were given a $0.125 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.34%. Spok Holdings’s dividend payout ratio is 108.70%.
In related news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $16.81, for a total value of $168,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.63% of the company’s stock.
Several equities analysts have recently issued reports on SPOK shares. BidaskClub raised shares of Spok Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine downgraded shares of Spok Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 15th.
Spok Holdings Profile
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
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