11,178,411 Shares in Spok Holdings, Inc. $SPOK Acquired by Kingstone Capital Partners Texas LLC

Key Points

• Kingstone Capital Partners Texas LLC invested $197.63 million in Spok Holdings, acquiring approximately 54.34% ownership by purchasing over 11 million shares.
• Spok reported earnings of $0.22 per share for the last quarter, exceeding estimates, with an established EPS guidance of 0.76 for FY 2025.
• The company declared a quarterly dividend of $0.3125 per share, yielding 7.1%, although its payout ratio stands at 150.60%.

Kingstone Capital Partners Texas LLC acquired a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 11,178,411 shares of the Wireless communications provider's stock, valued at approximately $197,634,000. Kingstone Capital Partners Texas LLC owned about 54.34% of Spok as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Jump Financial LLC bought a new position in Spok during the first quarter valued at $265,000. Ameriprise Financial Inc. bought a new position in Spok during the fourth quarter valued at $494,000. Bank of America Corp DE increased its position in Spok by 37.3% during 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 acquiring an additional 7,332 shares during the last quarter. GAMMA Investing LLC increased its position in Spok by 2,378.4% during the first quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider's stock valued at $162,000 after acquiring an additional 9,466 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Spok during the fourth quarter valued at $196,000. Institutional investors own 50.81% of the company's stock.

Insider Transactions at Spok

In related news, CEO Vincent D. Kelly sold 25,000 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $17.69, for a total value of $442,250.00. Following the completion of the sale, the chief executive officer directly owned 102,817 shares of the company's stock, valued at $1,818,832.73. This represents a 19.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael W. Wallace sold 10,806 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $17.87, for a total transaction of $193,103.22. Following the sale, the chief operating officer directly owned 40,369 shares of the company's stock, valued at approximately $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 corporate insiders.

Spok Trading Up 0.3%

Shares of SPOK traded up $0.06 during trading hours on Tuesday, reaching $17.56. 12,901 shares of the company traded hands, compared to its average volume of 127,875. The firm has a market cap of $361.56 million, a price-to-earnings ratio of 21.16 and a beta of 0.55. Spok Holdings, Inc. has a 12-month low of $13.55 and a 12-month high of $19.31. The stock's fifty day moving average price is $17.85 and its 200 day moving average price is $16.83.

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

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th were paid a $0.3125 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $1.25 dividend on an annualized basis and a yield of 7.1%. Spok's dividend 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.