Two Sigma Advisers LP Sells 30,400 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Two Sigma Advisers LP lowered its stake in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 48.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,800 shares of the Wireless communications provider's stock after selling 30,400 shares during the period. Two Sigma Advisers LP owned approximately 0.16% of Spok worth $526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Spok by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider's stock worth $8,258,000 after buying an additional 6,591 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Spok by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider's stock worth $3,428,000 after purchasing an additional 15,156 shares during the last quarter. Northern Trust Corp lifted its position in shares of Spok by 4.1% during the 4th quarter. Northern Trust Corp now owns 207,068 shares of the Wireless communications provider's stock worth $3,323,000 after purchasing an additional 8,175 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Spok by 67.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider's stock worth $1,782,000 after purchasing an additional 44,896 shares during the last quarter. Finally, Trexquant Investment LP lifted its position in shares of Spok by 49.8% during the 4th quarter. Trexquant Investment LP now owns 106,467 shares of the Wireless communications provider's stock worth $1,709,000 after purchasing an additional 35,401 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPOK shares. B. Riley raised Spok to a "strong-buy" rating in a research report on Thursday, May 1st. Wall Street Zen raised Spok from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 10th.

Insider Transactions at Spok

In related news, COO Michael W. Wallace sold 6,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total transaction of $99,180.00. Following the sale, the chief operating officer now directly owns 61,175 shares in the company, valued at $1,011,222.75. This represents a 8.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $16.40, for a total value of $492,000.00. Following the sale, the chief executive officer now owns 157,817 shares in the company, valued at approximately $2,588,198.80. This trade represents a 15.97% 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 Stock Up 0.9%

Spok stock traded up $0.15 during trading hours on Friday, hitting $16.49. The stock had a trading volume of 87,345 shares, compared to its average volume of 120,632. The company has a 50-day moving average of $15.86 and a two-hundred day moving average of $16.13. The company has a market cap of $339.23 million, a PE ratio of 22.59 and a beta of 0.56. Spok Holdings, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $17.96.

Spok (NASDAQ:SPOK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.18 by $0.07. The firm had revenue of $36.29 million during the quarter, compared to analysts' expectations of $34.00 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. As a group, analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Friday, May 23rd will be issued a $0.3125 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.58%. Spok's payout ratio is presently 160.26%.

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.