Foundry Partners LLC raised its stake in Spok Holdings, Inc. (NASDAQ:SPOK – Free Report) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437,255 shares of the Wireless communications provider’s stock after purchasing an additional 4,120 shares during the quarter. Foundry Partners LLC’s holdings in Spok were worth $6,585,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of SPOK. Acadian Asset Management LLC grew its stake in shares of Spok by 58.9% during the second quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after acquiring an additional 119,102 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Spok during the second quarter worth about $513,000. Bailard Inc. grew its stake in Spok by 17.6% in the second quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock worth $256,000 after purchasing an additional 2,592 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Spok during the 2nd quarter worth approximately $196,000. Finally, Sei Investments Co. acquired a new position in shares of Spok in the 2nd quarter worth approximately $579,000. Institutional investors and hedge funds own 50.81% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SPOK. StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. B. Riley assumed coverage on shares of Spok in a report on Thursday, September 26th. They issued a “neutral” rating and a $15.00 target price on the stock.
Spok Price Performance
NASDAQ:SPOK opened at $15.96 on Thursday. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The business has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $15.18. The firm has a market capitalization of $323.51 million, a P/E ratio of 21.86 and a beta of 0.33.
Spok Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date of this dividend is Monday, November 18th. Spok’s payout ratio is 171.23%.
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.
Further Reading
- Five stocks we like better than Spok
- What Is WallStreetBets and What Stocks Are They Targeting?
- Lowe’s Stock Dip: Don’t Miss This Second-Chance Entry Point
- What Makes a Stock a Good Dividend Stock?
- Tailwinds Drive Walmart Higher, Uptrend Shows No Signs of Slowing
- How to Invest in the FAANG Stocks
- Is Biotech’s Bull Run Over? Examining Election Impacts
Want to see what other hedge funds are holding SPOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spok Holdings, Inc. (NASDAQ:SPOK – Free Report).
Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.
