Barclays PLC Grows Stake in Spok Holdings, Inc. (NASDAQ:SPOK)

Barclays PLC lifted its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,513 shares of the Wireless communications provider’s stock after purchasing an additional 3,435 shares during the period. Barclays PLC’s holdings in Spok were worth $442,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Spok by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider’s stock valued at $8,258,000 after purchasing an additional 6,591 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Spok by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider’s stock valued at $3,428,000 after buying an additional 15,156 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Spok by 67.9% during the 4th 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. Trexquant Investment LP increased its holdings in Spok by 49.8% in the 4th quarter. Trexquant Investment LP now owns 106,467 shares of the Wireless communications provider’s stock worth $1,709,000 after acquiring an additional 35,401 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Spok by 133.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,241 shares of the Wireless communications provider’s stock valued at $1,689,000 after acquiring an additional 60,256 shares during the period. Institutional investors own 50.81% of the company’s stock.

Spok Stock Performance

Shares of NASDAQ SPOK opened at $16.44 on Friday. Spok Holdings, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $17.96. The stock has a market cap of $338.20 million, a PE ratio of 22.52 and a beta of 0.51. The stock has a fifty day moving average of $15.80 and a 200-day moving average of $16.08.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. Spok had a return on equity of 9.20% and a net margin of 10.66%. The business had revenue of $36.29 million during the quarter, compared to analyst estimates of $34.00 million. On average, sell-side analysts predict that Spok Holdings, Inc. will post 0.76 EPS for the current year.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, May 23rd will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 7.60%. The ex-dividend date of this dividend is Friday, May 23rd. Spok’s dividend payout ratio is presently 160.26%.

Analysts Set New Price Targets

SPOK has been the subject of a number of research reports. StockNews.com upgraded shares of Spok from a “buy” rating to a “strong-buy” rating in a research report on Saturday. B. Riley raised shares of Spok to a “strong-buy” rating in a report on Thursday, May 1st.

Insiders Place Their Bets

In other Spok news, COO Michael W. Wallace sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total value of $99,180.00. Following the sale, the chief operating officer now owns 61,175 shares of the company’s stock, valued at $1,011,222.75. This trade represents a 8.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vincent D. Kelly sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $16.40, for a total value of $492,000.00. Following the transaction, the chief executive officer now directly owns 157,817 shares of the company’s stock, valued at $2,588,198.80. The trade was a 15.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.51% of the company’s stock.

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.