Trexquant Investment LP Has $2.36 Million Stake in Spok Holdings, Inc. $SPOK

Key Points

• Trexquant Investment LP increased its stake in Spok Holdings by 34.6%, acquiring an additional 36,879 shares, bringing its total ownership to 143,346 shares valued at approximately $2.36 million.
• Spok Holdings has announced a quarterly dividend of $0.3125 per share, representing an annual yield of 6.9%, with the ex-dividend date set for August 19th.
• The company's earnings per share exceeded analysts' expectations, reporting $0.22 against a consensus estimate of $0.18, alongside revenues of $35.69 million for the quarter.

Trexquant Investment LP boosted its holdings in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 34.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,346 shares of the Wireless communications provider's stock after acquiring an additional 36,879 shares during the quarter. Trexquant Investment LP owned 0.70% of Spok worth $2,357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in Spok in the first quarter valued at about $265,000. Ameriprise Financial Inc. bought a new stake in Spok in the fourth quarter valued at about $494,000. Bank of America Corp DE increased 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 acquiring an additional 7,332 shares during the period. GAMMA Investing LLC increased its stake 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 acquiring an additional 9,466 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Spok in the fourth quarter valued at about $196,000. Institutional investors own 50.81% of the company's stock.

Insider Transactions at Spok

In other Spok news, CEO Vincent D. Kelly sold 25,000 shares of the business'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 transaction, the chief executive officer directly owned 102,817 shares in the company, valued at $1,818,832.73. The trade was a 19.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael W. Wallace sold 10,806 shares of the business's 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 completion of the transaction, the chief operating officer owned 40,369 shares in the company, 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 owned by insiders.

Spok Trading Down 0.1%

NASDAQ SPOK traded down $0.01 on Tuesday, reaching $17.31. The company's stock had a trading volume of 29,141 shares, compared to its average volume of 129,812. The firm has a market cap of $356.43 million, a PE ratio of 20.86 and a beta of 0.55. Spok Holdings, Inc. has a 52 week low of $13.55 and a 52 week high of $19.31. The business has a 50-day moving average price of $17.92 and a 200 day moving average price of $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 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.04. The firm had revenue of $35.69 million for the quarter, compared to analyst estimates of $35.00 million. Spok had a net margin of 12.12% and a return on equity of 11.11%. Spok has set its FY 2025 guidance at EPS. Analysts anticipate that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Dividend Announcement

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

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.