Jacobs Levy Equity Management Inc. Makes New $1.25 Million Investment in Spok Holdings, Inc. (NASDAQ:SPOK)

Jacobs Levy Equity Management Inc. bought a new position in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 78,092 shares of the Wireless communications provider's stock, valued at approximately $1,253,000. Jacobs Levy Equity Management Inc. owned 0.39% of Spok at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in Spok in the 4th quarter worth approximately $34,000. Legal & General Group Plc grew its holdings in Spok by 57.8% during the 4th quarter. Legal & General Group Plc now owns 5,546 shares of the Wireless communications provider's stock valued at $89,000 after buying an additional 2,031 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of Spok in the fourth quarter worth $183,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Spok in the fourth quarter worth $210,000. Finally, Stifel Financial Corp boosted its position in shares of Spok by 7.3% during the fourth quarter. Stifel Financial Corp now owns 18,791 shares of the Wireless communications provider's stock worth $302,000 after acquiring an additional 1,286 shares during the last quarter. Hedge funds and other institutional investors own 50.81% of the company's stock.

Insider Buying and Selling at Spok

In related news, CEO Vincent D. Kelly sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $16.40, for a total transaction of $492,000.00. Following the completion of the sale, the chief executive officer now directly owns 157,817 shares of the company's stock, valued at approximately $2,588,198.80. This trade represents a 15.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael W. Wallace sold 6,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $16.53, for a total value of $99,180.00. Following the transaction, the chief operating officer now owns 61,175 shares of the company's stock, valued at approximately $1,011,222.75. The trade was a 8.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.37% of the company's stock.

Wall Street Analysts Forecast Growth

SPOK has been the topic of a number of research reports. StockNews.com upgraded shares of Spok from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 10th. B. Riley raised Spok to a "strong-buy" rating in a report on Thursday, May 1st.

Spok Trading Down 0.7%

SPOK traded down $0.13 during trading hours on Wednesday, hitting $16.56. The company's stock had a trading volume of 85,796 shares, compared to its average volume of 121,538. The stock has a market cap of $340.57 million, a price-to-earnings ratio of 22.69 and a beta of 0.51. The business's 50-day moving average price is $15.84 and its 200-day moving average price is $16.17. Spok Holdings, Inc. has a 12 month low of $13.55 and a 12 month high of $17.96.

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

Spok Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date is Friday, May 23rd. Spok's dividend payout ratio (DPR) is 160.26%.

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.