Spok Holdings, Inc. (NASDAQ:SPOK) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 362,040 shares of the Wireless communications provider’s stock after selling 75,215 shares during the period. Foundry Partners LLC’s holdings in Spok were worth $5,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in shares of Spok in the fourth quarter worth about $34,000. BNP Paribas Financial Markets raised its position 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 worth $58,000 after buying an additional 609 shares during the last quarter. FMR LLC lifted its stake in Spok by 39.9% during the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock valued at $218,000 after acquiring an additional 4,130 shares during the period. Stifel Financial Corp purchased a new stake in shares of Spok in the 3rd quarter valued at $264,000. Finally, Barclays PLC increased its stake in shares of Spok by 273.8% in the third 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. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPOK shares. B. Riley upgraded shares of Spok from a “neutral” rating to a “buy” rating and boosted their target price for the company from $15.00 to $20.00 in a research report on Thursday, February 27th. StockNews.com cut Spok from a “strong-buy” rating to a “buy” rating in a report on Monday, March 31st.

Spok Price Performance

Shares of NASDAQ SPOK opened at $15.55 on Friday. The stock has a market capitalization of $317.52 million, a price-to-earnings ratio of 21.30 and a beta of 0.40. The firm’s 50 day simple moving average is $16.38 and its 200-day simple moving average is $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 quarterly 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). The firm had revenue of $33.89 million for the quarter, compared to analyst estimates of $35.50 million. Spok had a net margin of 10.66% and a return on equity of 9.20%. Analysts anticipate that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.3125 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a yield of 8.04%. Spok’s payout ratio is 168.92%.

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.