AE Wealth Management LLC Invests $79,000 in Spok Holdings, Inc. (NASDAQ:SPOK)

AE Wealth Management LLC purchased a new stake in Spok Holdings, Inc. (NASDAQ:SPOKGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,280 shares of the Wireless communications provider’s stock, valued at approximately $79,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Spok by 0.9% during the first quarter. Vanguard Group Inc. now owns 756,173 shares of the Wireless communications provider’s stock valued at $6,034,000 after buying an additional 6,917 shares during the period. BlackRock Inc. grew its holdings in Spok by 5.1% during the 1st quarter. BlackRock Inc. now owns 445,871 shares of the Wireless communications provider’s stock worth $3,558,000 after acquiring an additional 21,486 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Spok in the 1st quarter worth approximately $996,000. State Street Corp lifted its position in shares of Spok by 7.0% in the 1st quarter. State Street Corp now owns 59,054 shares of the Wireless communications provider’s stock worth $471,000 after purchasing an additional 3,882 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Spok by 31.9% during the first quarter. Invesco Ltd. now owns 40,868 shares of the Wireless communications provider’s stock valued at $326,000 after purchasing an additional 9,877 shares in the last quarter. Institutional investors own 45.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TheStreet upgraded Spok from a “d+” rating to a “c-” rating in a report on Monday, October 10th. Lake Street Capital reiterated a “buy” rating and issued a $15.00 target price on shares of Spok in a report on Monday, December 19th. Finally, StockNews.com cut shares of Spok from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 5th.

Spok Trading Up 0.5 %

Shares of SPOK stock opened at $8.32 on Friday. Spok Holdings, Inc. has a 12-month low of $6.13 and a 12-month high of $10.14. The business’s fifty day simple moving average is $8.19 and its 200-day simple moving average is $7.61. The company has a market cap of $163.94 million, a PE ratio of -8.49 and a beta of 0.30.

Spok (NASDAQ:SPOKGet Rating) last announced its earnings results on Wednesday, October 26th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter. Spok had a positive return on equity of 0.11% and a negative net margin of 14.02%. The company had revenue of $33.74 million for the quarter.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Wednesday, November 16th were given a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 15.05%. The ex-dividend date of this dividend was Tuesday, November 15th. Spok’s payout ratio is currently -127.55%.

Insider Buying and Selling

In related news, Director Todd J. Stein purchased 6,137 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were acquired at an average price of $7.90 per share, for a total transaction of $48,482.30. Following the purchase, the director now owns 165,807 shares of the company’s stock, valued at approximately $1,309,875.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Vincent D. Kelly acquired 5,000 shares of Spok stock in a transaction dated Thursday, November 17th. The stock was purchased at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the purchase, the chief executive officer now directly owns 276,898 shares in the company, valued at approximately $2,284,408.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Todd J. Stein bought 6,137 shares of the company’s stock in a transaction that occurred on Thursday, December 8th. The stock was purchased at an average price of $7.90 per share, for a total transaction of $48,482.30. Following the transaction, the director now owns 165,807 shares of the company’s stock, valued at $1,309,875.30. The disclosure for this purchase can be found here. 8.59% of the stock is owned by company insiders.

Spok Profile

(Get Rating)

Spok Holdings, Inc engages in the provision of communication solutions. It provides call center operations, clinical alerting and notifications, one-way and advanced two-way wireless messaging services, mobile communications and public safety solutions. The company was founded in 1965 and is headquartered in Alexandria, VA.

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Institutional Ownership by Quarter for Spok (NASDAQ:SPOK)

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