13,100 Shares in Spok Holdings, Inc. (NASDAQ:SPOK) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in Spok Holdings, Inc. (NASDAQ:SPOK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,100 shares of the Wireless communications provider’s stock, valued at approximately $210,000. Schonfeld Strategic Advisors LLC owned about 0.06% of Spok as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPOK. JPMorgan Chase & Co. boosted its holdings in shares of Spok by 2,263.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock valued at $2,988,000 after buying an additional 190,024 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Spok by 133.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,241 shares of the Wireless communications provider’s stock valued at $1,689,000 after acquiring an additional 60,256 shares during the last quarter. Inspire Investing LLC acquired a new position in Spok in the fourth quarter valued at $801,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Spok by 67.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock worth $1,782,000 after purchasing an additional 44,896 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Spok during the fourth quarter worth about $647,000. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SPOK. B. Riley upgraded Spok to a “strong-buy” rating in a research note on Thursday, May 1st. StockNews.com raised Spok from a “buy” rating to a “strong-buy” rating in a report on Saturday.

Spok Trading Up 1.0%

NASDAQ:SPOK opened at $16.41 on Wednesday. Spok Holdings, Inc. has a 12-month low of $13.55 and a 12-month high of $17.96. The stock’s 50 day simple moving average is $15.80 and its 200-day simple moving average is $16.11. The firm has a market cap of $337.59 million, a P/E ratio of 22.48 and a beta of 0.51.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $36.29 million for the quarter, compared to analysts’ expectations of $34.00 million. Research analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, May 23rd will be given a $0.3125 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.25 dividend on an annualized basis and a yield of 7.62%. Spok’s payout ratio is currently 160.26%.

Insider Activity at Spok

In other news, COO Michael W. Wallace sold 6,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $16.53, for a total transaction of $99,180.00. Following the transaction, the chief operating officer now directly owns 61,175 shares of the company’s stock, valued at $1,011,222.75. This represents a 8.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Vincent D. Kelly sold 30,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total transaction of $492,000.00. Following the completion of the transaction, the chief executive officer now owns 157,817 shares of the company’s stock, valued at $2,588,198.80. This represents a 15.97% decrease in their position. The disclosure for this sale can be found here. 10.51% of the stock is owned by insiders.

Spok 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.