Inspire Investing LLC Acquires Shares of 49,914 Spok Holdings, Inc. (NASDAQ:SPOK)

Inspire Investing LLC acquired a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 49,914 shares of the Wireless communications provider’s stock, valued at approximately $801,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings 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 buying an additional 609 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in Spok by 10.6% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider’s stock valued at $220,000 after buying an additional 1,408 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Spok during the 3rd quarter valued at approximately $26,000. nVerses Capital LLC purchased a new stake in Spok during the 3rd quarter valued at approximately $27,000. Finally, Martingale Asset Management L P grew its holdings in Spok by 13.6% during the 3rd quarter. Martingale Asset Management L P now owns 19,169 shares of the Wireless communications provider’s stock valued at $289,000 after buying an additional 2,302 shares in the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.

Spok Stock Performance

SPOK stock opened at $16.38 on Friday. The firm has a fifty day moving average price of $16.17 and a 200 day moving average price of $15.59. Spok Holdings, Inc. has a fifty-two week low of $13.24 and a fifty-two week high of $18.14. The firm has a market cap of $332.02 million, a PE ratio of 22.44 and a beta of 0.34.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, October 30th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Spok had a net margin of 10.66% and a return on equity of 9.20%. The firm had revenue of $34.87 million during the quarter, compared to analyst estimates of $34.30 million. During the same period last year, the firm posted $0.22 earnings per share. On average, equities analysts predict that Spok Holdings, Inc. will post 0.76 EPS for the current year.

Spok Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were paid a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a yield of 7.64%. The ex-dividend date was Monday, November 18th. Spok’s payout ratio is 171.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

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.