Spok Holdings, Inc. (NASDAQ:SPOK) Position Boosted by Fmr LLC

Fmr LLC increased its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 39.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,479 shares of the Wireless communications provider’s stock after purchasing an additional 4,130 shares during the period. Fmr LLC’s holdings in Spok were worth $218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in Spok during the 3rd quarter worth approximately $26,000. nVerses Capital LLC acquired a new stake in shares of Spok during the 3rd quarter valued at approximately $27,000. SG Americas Securities LLC bought a new position in Spok during the third quarter worth $116,000. Principal Financial Group Inc. lifted its stake in 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 purchasing an additional 959 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in Spok by 10.6% in the third quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider’s stock worth $220,000 after purchasing an additional 1,408 shares during the period. 50.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPOK. StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th. B. Riley began coverage on shares of Spok in a research note on Thursday, September 26th. They set a “neutral” rating and a $15.00 price objective on the stock.

Spok Trading Down 3.0 %

Shares of NASDAQ SPOK opened at $15.96 on Friday. 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 $323.54 million, a price-to-earnings ratio of 21.86 and a beta of 0.33. The stock’s 50 day simple moving average is $16.04 and its 200 day simple moving average is $15.37.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a dividend yield of 7.84%. The ex-dividend date was Monday, November 18th. Spok’s dividend payout ratio (DPR) is 171.23%.

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.