Jump Financial LLC Acquires New Shares 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 position in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,144 shares of the Wireless communications provider's stock, valued at approximately $265,000. Jump Financial LLC owned 0.08% of Spok at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC raised its holdings in Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock worth $29,000 after purchasing an additional 1,317 shares during the period. SBI Securities Co. Ltd. raised its holdings in Spok by 62.2% in 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 during the period. US Bancorp DE raised its holdings in Spok by 862.1% in the 1st quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider's stock worth $46,000 after purchasing an additional 2,500 shares during the period. Nisa Investment Advisors LLC raised its holdings in Spok by 12,125.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock worth $62,000 after purchasing an additional 3,759 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Spok by 30.8% in the 4th 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. Institutional investors and hedge funds own 50.81% of the company's stock.

Insider Activity at Spok

In other Spok news, CEO Vincent D. Kelly sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total transaction of $442,250.00. Following the completion of the sale, the chief executive officer directly owned 102,817 shares in the company, valued at approximately $1,818,832.73. The trade was a 19.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael W. Wallace sold 10,806 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer owned 40,369 shares of the company's stock, valued at approximately $721,394.03. This trade represents 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 currently owned by insiders.

Spok Price Performance

NASDAQ SPOK traded down $0.01 during trading hours on Tuesday, reaching $17.31. The company's stock had a trading volume of 27,154 shares, compared to its average volume of 129,798. The firm has a market capitalization of $356.43 million, a price-to-earnings ratio of 20.93 and a beta of 0.55. Spok Holdings, Inc. has a 1-year low of $13.55 and a 1-year high of $19.31. The company's 50-day moving average is $17.92 and its two-hundred day moving average is $16.77.

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, topping analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $35.69 million during 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. Equities analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, August 19th. Spok's payout ratio is 150.60%.

About Spok

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.