Cubist Systematic Strategies LLC Takes $602,000 Position in Spok Holdings, Inc. $SPOK

Key Points

• Cubist Systematic Strategies LLC has acquired a new position in Spok Holdings, Inc., purchasing 36,604 shares valued at approximately $602,000, representing roughly 0.18% of the company's stock.
• The CEO and COO have recently sold significant amounts of their shares, with CEO Vincent D. Kelly selling 25,000 shares and COO Michael W. Wallace selling 10,806 shares, resulting in a notable decrease in their respective ownership percentages.
• Spok Holdings recently announced a quarterly dividend of $0.3125 per share, reflecting an annualized dividend of $1.25 and a dividend yield of 7.2%, despite a high dividend payout ratio of 150.60%.

Cubist Systematic Strategies LLC bought a new stake in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,604 shares of the Wireless communications provider's stock, valued at approximately $602,000. Cubist Systematic Strategies LLC owned approximately 0.18% of Spok at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its holdings in Spok by 62.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 844 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Spok by 7.3% during the fourth quarter. Stifel Financial Corp now owns 18,791 shares of the Wireless communications provider's stock worth $302,000 after acquiring an additional 1,286 shares in the last quarter. CWM LLC lifted its position in shares of Spok by 309.2% during the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock worth $29,000 after acquiring an additional 1,317 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Spok by 30.8% in the fourth quarter. Lazard Asset Management LLC now owns 5,868 shares of the Wireless communications provider's stock worth $94,000 after purchasing an additional 1,383 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Spok by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 55,314 shares of the Wireless communications provider's stock worth $909,000 after purchasing an additional 1,966 shares during the period. 50.81% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Vincent D. Kelly sold 25,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $17.69, for a total value of $442,250.00. Following the sale, the chief executive officer directly owned 102,817 shares of the company's stock, valued at $1,818,832.73. This trade represents a 19.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael W. Wallace sold 10,806 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $17.87, for a total value of $193,103.22. Following the completion of the sale, the chief operating officer directly owned 40,369 shares in the company, valued at $721,394.03. The trade was a 21.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.37% of the stock is owned by company insiders.

Spok Stock Performance

Spok stock opened at $17.29 on Thursday. The firm's fifty day moving average price is $17.90 and its 200-day moving average price is $16.78. Spok Holdings, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $19.31. The stock has a market cap of $356.00 million, a P/E ratio of 20.83 and a beta of 0.55.

Spok (NASDAQ:SPOK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The Wireless communications provider reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. Spok had a return on equity of 11.11% and a net margin of 12.12%.The business had revenue of $35.69 million for the quarter, compared to the consensus estimate of $35.00 million. Spok has set its FY 2025 guidance at EPS. Sell-side analysts predict that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Tuesday, August 19th. Spok's dividend payout ratio (DPR) is 150.60%.

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.

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