Spok Holdings, Inc. (NASDAQ:SPOK) Shares Bought by State Street Corp

State Street Corp lifted its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 3.1% during the third quarter, Holdings Channel.com reports. The fund owned 415,876 shares of the Wireless communications provider’s stock after acquiring an additional 12,467 shares during the period. State Street Corp’s holdings in Spok were worth $6,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Spok by 18.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 609 shares in the last quarter. FMR LLC grew its holdings in shares of Spok by 39.9% during the third quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock valued at $218,000 after buying an additional 4,130 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Spok by 58.9% during the second quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after buying an additional 119,102 shares during the last quarter. Magnetar Financial LLC purchased a new stake in shares of Spok during the second quarter valued at $513,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Spok in the 3rd quarter valued at $529,000. 50.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on SPOK shares. StockNews.com raised Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. B. Riley assumed coverage on shares of Spok in a report on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price target on the stock.

Spok Price Performance

NASDAQ SPOK opened at $16.23 on Friday. Spok Holdings, Inc. has a 1 year low of $13.24 and a 1 year high of $18.14. The company has a market capitalization of $329.01 million, a PE ratio of 22.23 and a beta of 0.33. The company has a fifty day moving average of $16.15 and a 200 day moving average of $15.42.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a $0.313 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.25 annualized dividend and a dividend yield of 7.71%. Spok’s dividend payout ratio (DPR) is presently 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.