Foundry Partners LLC Sells 75,215 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Foundry Partners LLC cut its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 17.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,040 shares of the Wireless communications provider’s stock after selling 75,215 shares during the period. Foundry Partners LLC owned about 1.79% of Spok worth $5,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in shares of Spok during the fourth quarter valued at $34,000. BNP Paribas Financial Markets increased its position in Spok by 18.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 609 shares during the period. FMR LLC raised its holdings in shares of Spok by 39.9% in the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock valued at $218,000 after purchasing an additional 4,130 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Spok in the 3rd quarter worth approximately $264,000. Finally, Barclays PLC boosted its stake in shares of Spok by 273.8% during the third quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock valued at $362,000 after purchasing an additional 17,637 shares in the last quarter. 50.81% of the stock is owned by institutional investors.

Spok Stock Performance

NASDAQ:SPOK opened at $15.55 on Friday. The company’s 50-day simple moving average is $16.38 and its 200-day simple moving average is $15.99. Spok Holdings, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $17.96. The stock has a market capitalization of $317.52 million, a P/E ratio of 21.30 and a beta of 0.40.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $33.89 million during the quarter, compared to analyst estimates of $35.50 million. Spok had a net margin of 10.66% and a return on equity of 9.20%. On average, research analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current year.

Spok Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 8.04%. The ex-dividend date was Friday, March 14th. Spok’s dividend payout ratio is currently 168.92%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SPOK. StockNews.com downgraded shares of Spok from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 31st. B. Riley upgraded Spok from a “neutral” rating to a “buy” rating and lifted their price target for the company from $15.00 to $20.00 in a report on Thursday, February 27th.

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.