Barclays PLC Buys 17,637 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Barclays PLC lifted its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 273.8% during the third quarter, Holdings Channel.com reports. The firm owned 24,078 shares of the Wireless communications provider’s stock after acquiring an additional 17,637 shares during the period. Barclays PLC’s holdings in Spok were worth $362,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted 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 during the last quarter. FMR LLC boosted its holdings in Spok by 39.9% during the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after acquiring an additional 4,130 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Spok in the 2nd quarter worth $513,000. Kingsview Wealth Management LLC purchased a new stake in shares of Spok in the third quarter valued at about $529,000. Finally, Geode Capital Management LLC boosted its holdings in Spok by 4.8% during the third quarter. Geode Capital Management LLC now owns 507,836 shares of the Wireless communications provider’s stock worth $7,649,000 after purchasing an additional 23,367 shares during the last quarter. 50.81% of the stock is owned by institutional investors and hedge funds.

Spok Stock Performance

Shares of SPOK opened at $15.92 on Monday. Spok Holdings, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $18.14. The business has a 50-day moving average of $16.25 and a 200 day moving average of $15.56. The firm has a market cap of $322.70 million, a P/E ratio of 21.81 and a beta of 0.34.

Spok Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date was Monday, November 18th. Spok’s payout ratio is currently 171.23%.

Wall Street Analyst Weigh In

SPOK has been the subject of a number of research analyst reports. StockNews.com raised Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. B. Riley began coverage on shares of Spok in a report on Thursday, September 26th. They set a “neutral” rating and a $15.00 price objective for the company.

About Spok

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.