Spok Holdings, Inc. (NASDAQ:SPOK) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its position in Spok Holdings, Inc. (NASDAQ:SPOKFree Report) by 75.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,511 shares of the Wireless communications provider’s stock after selling 56,189 shares during the quarter. Trexquant Investment LP owned about 0.09% of Spok worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Corton Capital Inc. purchased a new stake in shares of Spok in the 3rd quarter valued at approximately $149,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Spok in the 4th quarter valued at approximately $167,000. SG Americas Securities LLC raised its stake in shares of Spok by 17.3% in the 4th quarter. SG Americas Securities LLC now owns 14,288 shares of the Wireless communications provider’s stock valued at $221,000 after acquiring an additional 2,105 shares during the period. Natixis Advisors L.P. purchased a new stake in shares of Spok in the 3rd quarter valued at approximately $225,000. Finally, Johnson Investment Counsel Inc. purchased a new stake in shares of Spok in the 4th quarter valued at approximately $249,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Spok news, Director Barbara Peterson Byrne sold 5,955 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $15.18, for a total value of $90,396.90. Following the sale, the director now directly owns 30,473 shares of the company’s stock, valued at approximately $462,580.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.88% of the stock is owned by insiders.

Spok Stock Up 0.1 %

Shares of SPOK opened at $14.81 on Wednesday. Spok Holdings, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.14. The firm’s 50 day moving average price is $15.32 and its 200 day moving average price is $15.89. The company has a market cap of $299.90 million, a P/E ratio of 17.84 and a beta of 0.33.

Spok (NASDAQ:SPOKGet Free Report) last announced its earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share for the quarter. Spok had a net margin of 11.93% and a return on equity of 10.23%. The firm had revenue of $34.91 million for the quarter.

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 24th will be paid a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a yield of 8.45%. The ex-dividend date is Thursday, May 23rd. Spok’s payout ratio is currently 150.60%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research note on Thursday, May 30th.

View Our Latest Analysis on Spok

About Spok

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Spok (NASDAQ:SPOK)

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