Nisa Investment Advisors LLC Raises Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

Nisa Investment Advisors LLC increased its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 12,125.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,790 shares of the Wireless communications provider’s stock after acquiring an additional 3,759 shares during the period. Nisa Investment Advisors LLC’s holdings in Spok were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SPOK. New Age Alpha Advisors LLC purchased a new stake in Spok in the 4th quarter worth approximately $34,000. Legal & General Group Plc lifted its stake in shares of Spok by 57.8% in the 4th quarter. Legal & General Group Plc now owns 5,546 shares of the Wireless communications provider’s stock valued at $89,000 after purchasing an additional 2,031 shares during the period. Lazard Asset Management LLC boosted its holdings in Spok by 30.8% during the fourth quarter. Lazard Asset Management LLC now owns 5,868 shares of the Wireless communications provider’s stock worth $94,000 after buying an additional 1,383 shares in the last quarter. GAMMA Investing LLC grew its position in Spok by 2,378.4% during the first quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider’s stock valued at $162,000 after buying an additional 9,466 shares during the period. Finally, Cerity Partners LLC purchased a new position in Spok in the fourth quarter valued at $183,000. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Spok

In related news, COO Michael W. Wallace sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total transaction of $99,180.00. Following the completion of the sale, the chief operating officer directly owned 61,175 shares in the company, valued at approximately $1,011,222.75. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total value of $492,000.00. Following the completion of the transaction, the chief executive officer owned 157,817 shares in the company, 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. Company insiders own 7.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Spok from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 10th. B. Riley raised Spok to a “strong-buy” rating in a report on Thursday, May 1st.

Spok Price Performance

Shares of SPOK stock opened at $17.37 on Friday. Spok Holdings, Inc. has a 1-year low of $13.55 and a 1-year high of $18.29. The company has a market cap of $357.34 million, a price-to-earnings ratio of 22.27 and a beta of 0.58. The stock has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $16.33.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $36.29 million during the quarter, compared to analysts’ expectations of $34.00 million. Spok had a net margin of 11.45% and a return on equity of 10.26%. Analysts anticipate that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Investors of record on Friday, May 23rd were given a dividend of $0.3125 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.25 annualized dividend and a dividend yield of 7.20%. Spok’s dividend payout ratio (DPR) is presently 160.26%.

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.