BNP Paribas Financial Markets Boosts Stock Position in Spok Holdings, Inc. (NASDAQ:SPOK)

BNP Paribas Financial Markets lifted its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,837 shares of the Wireless communications provider’s stock after buying an additional 609 shares during the quarter. BNP Paribas Financial Markets’ holdings in Spok were worth $58,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in Spok by 58.9% during the second quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock worth $4,752,000 after acquiring an additional 119,102 shares during the period. Sei Investments Co. purchased a new stake in shares of Spok during the second quarter worth about $579,000. Panagora Asset Management Inc. acquired a new position in shares of Spok during the 2nd quarter worth about $523,000. Kingsview Wealth Management LLC purchased a new position in Spok in the 3rd quarter valued at about $529,000. Finally, Magnetar Financial LLC acquired a new stake in Spok in the 2nd quarter worth about $513,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Trading Up 1.2 %

SPOK stock opened at $16.46 on Friday. The firm has a 50-day moving average of $16.02 and a two-hundred day moving average of $15.37. Spok Holdings, Inc. has a 12 month low of $13.24 and a 12 month high of $18.14. The company has a market cap of $333.68 million, a price-to-earnings ratio of 22.55 and a beta of 0.33.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were given a dividend of $0.313 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a yield of 7.61%. Spok’s payout ratio is 171.23%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPOK. StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. B. Riley began coverage on Spok in a report on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price objective on the stock.

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.