Spok Holdings, Inc. (NASDAQ:SPOK) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,048,161 shares of the Wireless communications provider’s stock after selling 6,020 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Spok worth $16,823,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Spok by 18.9% during the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 609 shares during the last quarter. FMR LLC boosted its stake in Spok by 39.9% in the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 4,130 shares during the last quarter. Stifel Financial Corp purchased a new stake in Spok in the 3rd quarter valued at about $264,000. Barclays PLC lifted its holdings in shares of Spok by 273.8% during the 3rd quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock worth $362,000 after acquiring an additional 17,637 shares during the period. Finally, Sanctuary Advisors LLC grew its holdings in Spok by 10.8% in the third quarter. Sanctuary Advisors LLC now owns 25,998 shares of the Wireless communications provider’s stock valued at $422,000 after purchasing an additional 2,536 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Spok from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 8th. B. Riley upgraded Spok from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $20.00 in a research note on Thursday, February 27th.

Spok Price Performance

NASDAQ:SPOK opened at $15.41 on Thursday. The firm has a market capitalization of $314.66 million, a P/E ratio of 21.11 and a beta of 0.40. The business has a 50 day simple moving average of $16.18 and a 200 day simple moving average of $15.99. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $17.96.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $33.89 million for the quarter, compared to analyst estimates of $35.50 million. Research analysts anticipate that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.3125 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 8.11%. Spok’s dividend payout ratio is 168.92%.

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.