AlphaQuest LLC Decreases Position in Spok Holdings, Inc. (NASDAQ:SPOK)

AlphaQuest LLC cut its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 80.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,167 shares of the Wireless communications provider’s stock after selling 25,208 shares during the period. AlphaQuest LLC’s holdings in Spok were worth $99,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sanctuary Advisors LLC raised its holdings in Spok by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 25,998 shares of the Wireless communications provider’s stock worth $422,000 after buying an additional 2,536 shares during the last quarter. Barclays PLC grew its stake in shares of Spok by 273.8% in the third quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock worth $362,000 after acquiring an additional 17,637 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Spok by 67.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock worth $1,782,000 after acquiring an additional 44,896 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Spok by 2,263.5% in the third quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock worth $2,988,000 after acquiring an additional 190,024 shares during the period. Finally, FMR LLC grew its stake in shares of Spok by 39.9% in the third quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after acquiring an additional 4,130 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

Spok Price Performance

SPOK opened at $15.97 on Wednesday. The firm has a market cap of $326.09 million, a P/E ratio of 21.88 and a beta of 0.29. Spok Holdings, Inc. has a 1-year low of $13.24 and a 1-year high of $17.96. The company has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $15.89.

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

Spok Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Friday, March 14th. Spok’s dividend payout ratio (DPR) is presently 168.92%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPOK. B. Riley upgraded shares of Spok from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $15.00 to $20.00 in a research note on Thursday, February 27th. StockNews.com lowered shares of Spok from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th.

Spok 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.