Jacobs Levy Equity Management Inc. Invests $1.25 Million 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 its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.39% of Spok at the end of the most recent quarter.

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

Insider Buying and Selling at Spok

In other Spok news, COO Michael W. Wallace sold 6,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total value of $99,180.00. Following the completion of the sale, the chief operating officer now owns 61,175 shares of the company's stock, valued at approximately $1,011,222.75. This trade represents a 8.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total value 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 disclosure for this sale can be found here. 7.37% of the stock is owned by corporate insiders.

Spok Stock Down 0.4%

NASDAQ:SPOK traded down $0.07 during midday trading on Thursday, reaching $16.46. The stock had a trading volume of 46,875 shares, compared to its average volume of 121,394. The firm has a fifty day simple moving average of $15.86 and a two-hundred day simple moving average of $16.17. Spok Holdings, Inc. has a 12-month low of $13.55 and a 12-month high of $17.96. The stock has a market cap of $338.62 million, a P/E ratio of 22.52 and a beta of 0.51.

Spok (NASDAQ:SPOK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating 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 analyst estimates of $34.00 million. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, May 23rd will be given a $0.3125 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.25 dividend on an annualized basis and a yield of 7.59%. Spok's dividend payout ratio (DPR) is 160.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. B. Riley upgraded shares of Spok to a "strong-buy" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Spok from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 10th.

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.