Allspring Global Investments Holdings LLC Sells 33,296 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Allspring Global Investments Holdings LLC lessened its holdings in Spok Holdings, Inc. (NASDAQ:SPOK) by 25.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 99,285 shares of the Wireless communications provider’s stock after selling 33,296 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Spok were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Spok in the third quarter worth about $174,000. Bank of New York Mellon Corp raised its holdings in shares of Spok by 14.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 182,745 shares of the Wireless communications provider’s stock worth $2,608,000 after buying an additional 23,299 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Spok by 162.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,015 shares of the Wireless communications provider’s stock worth $72,000 after buying an additional 3,105 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Spok in the 3rd quarter valued at $950,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Spok in the third quarter valued at $707,000. 50.81% of the stock is owned by institutional investors.

Spok Stock Performance

Shares of NASDAQ SPOK opened at $15.22 on Tuesday. The business has a fifty day moving average of $16.33 and a two-hundred day moving average of $15.90. Spok Holdings, Inc. has a 52-week low of $10.46 and a 52-week high of $18.14. The stock has a market cap of $306.53 million, a PE ratio of 19.77 and a beta of 0.26.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.17 EPS for the quarter. The firm had revenue of $33.95 million for the quarter. Spok had a net margin of 11.27% and a return on equity of 9.43%.

Spok Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 8.23%. This is a boost from Spok’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, March 14th. Spok’s dividend payout ratio (DPR) is currently 162.34%.

Insider Buying and Selling at Spok

In other news, Director Todd J. Stein sold 25,927 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $17.92, for a total value of $464,611.84. Following the completion of the sale, the director now directly owns 696,637 shares in the company, valued at $12,483,735.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.88% of the company’s stock.

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.