Spok Holdings, Inc. (NASDAQ:SPOK) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 11.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,621 shares of the Wireless communications provider’s stock after purchasing an additional 3,883 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.19% of Spok worth $572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Spok in the 4th quarter worth $167,000. Johnson Investment Counsel Inc. purchased a new position in shares of Spok in the fourth quarter valued at $249,000. Janney Montgomery Scott LLC purchased a new stake in shares of Spok in the 4th quarter worth about $681,000. Campbell & CO Investment Adviser LLC boosted its position in shares of Spok by 12.9% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 55,951 shares of the Wireless communications provider’s stock worth $866,000 after buying an additional 6,392 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new position in Spok during the fourth quarter worth about $126,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Spok

In other news, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.83, for a total transaction of $667,350.00. Following the completion of the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, COO Michael W. Wallace sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total transaction of $370,000.00. Following the transaction, the chief operating officer now directly owns 49,465 shares of the company’s stock, valued at approximately $732,082. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent D. Kelly sold 45,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the sale, the chief executive officer now directly owns 201,645 shares of the company’s stock, valued at $2,990,395.35. The disclosure for this sale can be found here. Insiders own 11.88% of the company’s stock.

Spok Stock Performance

SPOK stock opened at $14.78 on Thursday. The company has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $15.62. The stock has a market capitalization of $299.24 million, a P/E ratio of 17.81 and a beta of 0.35. Spok Holdings, Inc. has a one year low of $12.82 and a one year high of $18.14.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $0.17 EPS for the quarter. Spok had a return on equity of 9.56% and a net margin of 11.19%. The business had revenue of $33.98 million during the quarter.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 19th will be issued a dividend of $0.313 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.25 annualized dividend and a dividend yield of 8.47%. Spok’s payout ratio is currently 150.60%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd.

Spok 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.