State of Tennessee Treasury Department Continues to Hold Position in Spok Holdings, Inc. (SPOK)
State of Tennessee Treasury Department continued to hold its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,384 shares of the Wireless communications provider’s stock at the end of the second quarter. State of Tennessee Treasury Department owned about 0.10% of Spok Holdings worth $361,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPOK. Strs Ohio boosted its stake in shares of Spok Holdings by 9.0% in the second quarter. Strs Ohio now owns 38,700 shares of the Wireless communications provider’s stock worth $684,000 after acquiring an additional 3,200 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Spok Holdings by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock worth $434,000 after purchasing an additional 330 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Spok Holdings by 8.8% during the second quarter. Great West Life Assurance Co. Can now owns 37,141 shares of the Wireless communications provider’s stock worth $657,000 after purchasing an additional 3,000 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Spok Holdings by 0.9% during the second quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock worth $265,000 after purchasing an additional 128 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Spok Holdings during the second quarter worth approximately $252,000. Institutional investors and hedge funds own 87.42% of the company’s stock.
In related news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $16.81, for a total value of $168,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.63% of the company’s stock.
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Several research analysts recently commented on the company. ValuEngine downgraded Spok Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. BidaskClub raised shares of Spok Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
Shares of Spok Holdings, Inc. (SPOK) opened at 15.80 on Tuesday. The stock has a 50 day moving average of $15.76 and a 200-day moving average of $17.22. Spok Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $22.60. The firm has a market capitalization of $315.64 million, a PE ratio of 34.42 and a beta of 0.62.
Spok Holdings (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $42.33 million during the quarter. Spok Holdings had a net margin of 5.44% and a return on equity of 2.93%. On average, equities research analysts anticipate that Spok Holdings, Inc. will post $0.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 18th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Wednesday, August 16th. Spok Holdings’s dividend payout ratio is currently 108.70%.
Spok Holdings Profile
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
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