Jump Financial LLC Purchases New Holdings in Spok Holdings, Inc. $SPOK

Key Points

• Jump Financial LLC has acquired a new stake in Spok Holdings, Inc., purchasing 16,144 shares valued at approximately $265,000, which represents about 0.08% of the company.
• Wall Street analysts have upgraded Spok's rating from "buy" to "strong-buy", with a consensus target price set at $20.00.
• CEO Vincent D. Kelly and COO Michael W. Wallace recently sold a significant number of shares, indicating a 19.56% and 21.12% decrease in their ownership, respectively.

Jump Financial LLC purchased a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 16,144 shares of the Wireless communications provider's stock, valued at approximately $265,000. Jump Financial LLC owned about 0.08% of Spok at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. bought a new position in shares of Spok in the fourth quarter worth approximately $494,000. Bank of America Corp DE raised its stake in Spok by 37.3% in the fourth quarter. Bank of America Corp DE now owns 26,978 shares of the Wireless communications provider's stock valued at $433,000 after buying an additional 7,332 shares during the last quarter. GAMMA Investing LLC grew its holdings in Spok by 2,378.4% in the first quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider's stock valued at $162,000 after purchasing an additional 9,466 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Spok in the fourth quarter valued at $196,000. Finally, Millennium Management LLC boosted its position in shares of Spok by 37.9% during the 4th quarter. Millennium Management LLC now owns 52,929 shares of the Wireless communications provider's stock worth $850,000 after acquiring an additional 14,552 shares in the last quarter. Institutional investors own 50.81% of the company's stock.

Spok Price Performance

NASDAQ:SPOK traded down $0.21 during trading hours on Monday, reaching $17.23. 62,959 shares of the company traded hands, compared to its average volume of 130,151. Spok Holdings, Inc. has a 1-year low of $13.55 and a 1-year high of $19.31. The stock has a market cap of $354.77 million, a P/E ratio of 20.76 and a beta of 0.55. The firm's 50-day moving average is $17.92 and its 200-day moving average is $16.77.

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

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 19th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $1.25 annualized dividend and a dividend yield of 7.3%. Spok's dividend payout ratio (DPR) is presently 150.60%.

Insider Buying and Selling

In other Spok news, COO Michael W. Wallace sold 10,806 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $721,394.03. This trade represents a 21.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 in the company, valued at $1,818,832.73. This trade represents a 19.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.37% of the company's stock.

Spok Company 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.