Hennion & Walsh Asset Management Inc. Boosts Stake in Spok Holdings, Inc. (NASDAQ:SPOK)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 61.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,738 shares of the Wireless communications provider’s stock after acquiring an additional 13,245 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.17% of Spok worth $554,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Significant Wealth Partners LLC purchased a new stake in Spok during the 4th quarter worth approximately $365,000. Natixis Advisors L.P. acquired a new stake in shares of Spok during the third quarter worth approximately $225,000. Johnson Investment Counsel Inc. bought a new stake in shares of Spok in the fourth quarter worth $249,000. SG Americas Securities LLC raised its holdings in Spok by 17.3% in the fourth quarter. SG Americas Securities LLC now owns 14,288 shares of the Wireless communications provider’s stock valued at $221,000 after acquiring an additional 2,105 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new position in Spok during the 4th quarter valued at $126,000. Institutional investors and hedge funds own 50.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th.

Spok Stock Up 2.3 %

Shares of NASDAQ SPOK opened at $15.27 on Wednesday. The stock has a market capitalization of $309.22 million, a P/E ratio of 18.40 and a beta of 0.35. The stock’s 50 day moving average price is $14.96 and its two-hundred day moving average price is $15.69. Spok Holdings, Inc. has a 52-week low of $10.46 and a 52-week high of $18.14.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter. Spok had a return on equity of 10.23% and a net margin of 11.93%. The firm had revenue of $34.91 million for the quarter.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 24th were paid a dividend of $0.313 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.25 annualized dividend and a yield of 8.20%. Spok’s dividend payout ratio (DPR) is 150.60%.

Insiders Place Their Bets

In other news, Director Barbara Peterson Byrne sold 5,955 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $15.18, for a total transaction of $90,396.90. Following the sale, the director now directly owns 30,473 shares in the company, valued at approximately $462,580.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.88% of the stock is currently owned by corporate insiders.

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.