Trexquant Investment LP Purchases 36,879 Shares of 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 raised its position in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 34.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 143,346 shares of the Wireless communications provider's stock after acquiring an additional 36,879 shares during the period. Trexquant Investment LP owned about 0.70% of Spok worth $2,357,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its stake in Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock valued at $29,000 after acquiring an additional 1,317 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of 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 during the last quarter. US Bancorp DE increased its position in shares of Spok by 862.1% during 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 last quarter. Nisa Investment Advisors LLC increased its position in shares of Spok by 12,125.8% during 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 last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Spok by 30.8% during 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 last quarter. Institutional investors own 50.81% of the company's stock.

Spok Stock Down 0.4%

NASDAQ:SPOK opened at $18.03 on Thursday. The firm has a market capitalization of $371.24 million, a price-to-earnings ratio of 21.72 and a beta of 0.55. Spok Holdings, Inc. has a twelve month low of $13.55 and a twelve month high of $19.31. The stock's 50 day moving average price is $17.91 and its two-hundred day moving average price is $16.76.

Spok (NASDAQ:SPOK - Get Free Report) last posted its 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 business had revenue of $35.69 million for the quarter, compared to analyst estimates 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, analysts anticipate that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.

Spok Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 6.9%. Spok's payout ratio is presently 150.60%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Spok from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus target price of $20.00.

Insider Buying and Selling

In related 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 transaction, the chief executive officer directly owned 102,817 shares of the company's stock, valued at approximately $1,818,832.73. The trade was a 19.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, 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 currently owned by insiders.

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.

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