SG Americas Securities LLC Has $221,000 Stock Position in Spok Holdings, Inc. (NASDAQ:SPOK)

SG Americas Securities LLC raised its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,288 shares of the Wireless communications provider’s stock after purchasing an additional 2,105 shares during the period. SG Americas Securities LLC’s holdings in Spok were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of Spok by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,291,922 shares of the Wireless communications provider’s stock valued at $10,581,000 after buying an additional 159,892 shares during the last quarter. BlackRock Inc. lifted its position in shares of Spok by 191.2% in the 2nd quarter. BlackRock Inc. now owns 1,230,666 shares of the Wireless communications provider’s stock worth $16,356,000 after acquiring an additional 808,001 shares during the period. Vanguard Group Inc. grew its holdings in shares of Spok by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 968,574 shares of the Wireless communications provider’s stock worth $13,822,000 after purchasing an additional 33,347 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Spok by 11.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 465,113 shares of the Wireless communications provider’s stock valued at $4,712,000 after purchasing an additional 47,289 shares during the period. Finally, Foundry Partners LLC raised its stake in shares of Spok by 0.3% in the third quarter. Foundry Partners LLC now owns 455,165 shares of the Wireless communications provider’s stock valued at $6,495,000 after purchasing an additional 1,245 shares in the last quarter. 50.81% of the stock is owned by institutional investors.

Insider Transactions at Spok

In related news, Director Todd J. Stein sold 25,927 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $17.92, for a total value of $464,611.84. Following the sale, the director now owns 696,637 shares of the company’s stock, valued at approximately $12,483,735.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 11.88% of the stock is currently owned by insiders.

Spok Price Performance

SPOK opened at $15.54 on Friday. Spok Holdings, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.14. The company has a market capitalization of $312.91 million, a P/E ratio of 20.18 and a beta of 0.26. The firm’s fifty day moving average price is $16.59 and its two-hundred day moving average price is $15.85.

Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, February 21st. The Wireless communications provider reported $0.17 earnings per share for the quarter. Spok had a net margin of 11.27% and a return on equity of 9.43%. The business had revenue of $33.95 million for the quarter.

Spok Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.313 dividend. This is a positive change from Spok’s previous quarterly dividend of $0.31. This represents a $1.25 annualized dividend and a dividend yield of 8.06%. The ex-dividend date was Thursday, March 14th. Spok’s dividend payout ratio is currently 162.34%.

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.