GSA Capital Partners LLP Sells 112,523 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

GSA Capital Partners LLP cut its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 76.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,324 shares of the Wireless communications provider’s stock after selling 112,523 shares during the quarter. GSA Capital Partners LLP owned approximately 0.17% of Spok worth $517,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPOK. nVerses Capital LLC purchased a new stake in shares of Spok during the third quarter worth about $27,000. Gladius Capital Management LP purchased a new stake in shares of Spok during the second quarter worth about $112,000. SG Americas Securities LLC purchased a new stake in shares of Spok during the third quarter worth about $116,000. BNP Paribas Financial Markets grew its stake in shares of Spok by 82.8% during the first quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock worth $137,000 after acquiring an additional 3,884 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Spok by 9.0% during the second quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider’s stock worth $172,000 after acquiring an additional 959 shares during the last quarter. 50.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SPOK shares. StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. B. Riley started coverage on Spok in a research note on Thursday, September 26th. They set a “neutral” rating and a $15.00 price target on the stock.

Spok Stock Down 2.5 %

Shares of NASDAQ SPOK opened at $15.95 on Wednesday. The business’s 50 day moving average price is $15.38 and its 200 day moving average price is $15.17. The firm has a market cap of $323.31 million, a P/E ratio of 21.85 and a beta of 0.33. Spok Holdings, Inc. has a 52 week low of $13.24 and a 52 week high of $18.14.

Spok Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 18th will be given a $0.313 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a yield of 7.85%. Spok’s dividend payout ratio is currently 171.23%.

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.