LSV Asset Management Has $140,000 Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

LSV Asset Management lessened its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 59.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,755 shares of the Wireless communications provider’s stock after selling 12,945 shares during the quarter. LSV Asset Management’s holdings in Spok were worth $140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SG Americas Securities LLC grew its stake in Spok by 17.3% during the 4th 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. BNP Paribas Financial Markets grew its stake in Spok by 82.8% during the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock valued at $137,000 after acquiring an additional 3,884 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Spok by 439.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,913 shares of the Wireless communications provider’s stock valued at $76,000 after acquiring an additional 4,003 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in Spok by 12.9% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 55,951 shares of the Wireless communications provider’s stock valued at $866,000 after acquiring an additional 6,392 shares in the last quarter. Finally, Tucker Asset Management LLC purchased a new position in Spok during the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Insiders Place Their Bets

In other Spok news, Director Barbara Peterson Byrne sold 5,955 shares of the company’s 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 completion of the sale, the director now owns 30,473 shares of the company’s stock, valued at $462,580.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.88% of the company’s stock.

Analyst Ratings Changes

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

Spok Stock Performance

Shares of NASDAQ SPOK opened at $15.69 on Monday. The stock has a market cap of $317.72 million, a price-to-earnings ratio of 18.90 and a beta of 0.35. The business has a 50 day simple moving average of $14.94 and a 200 day simple moving average of $15.70. 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 results on Wednesday, May 1st. The Wireless communications provider reported $0.21 EPS for the quarter. The business had revenue of $34.91 million during the quarter. Spok had a return on equity of 10.23% and a net margin of 11.93%.

Spok Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 24th were given a dividend of $0.313 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.25 dividend on an annualized basis and a yield of 7.98%. Spok’s payout ratio is currently 150.60%.

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.