Barclays PLC Raises Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Barclays PLC grew its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 273.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,078 shares of the Wireless communications provider’s stock after buying an additional 17,637 shares during the period. Barclays PLC owned approximately 0.12% of Spok worth $362,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC purchased a new position in shares of Spok during the third quarter valued at approximately $26,000. nVerses Capital LLC purchased a new position in shares of Spok during the third quarter valued at approximately $27,000. BNP Paribas Financial Markets raised its holdings in shares of Spok by 18.9% during the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 609 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Spok during the third quarter valued at approximately $116,000. Finally, Principal Financial Group Inc. grew its position in Spok by 9.0% during the second quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider’s stock valued at $172,000 after buying an additional 959 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on SPOK shares. StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. B. Riley started coverage on shares of Spok in a research report on Thursday, September 26th. They set a “neutral” rating and a $15.00 target price for the company.

Spok Trading Up 0.7 %

Shares of NASDAQ SPOK opened at $16.03 on Friday. The firm has a 50 day moving average of $16.26 and a 200 day moving average of $15.47. The firm has a market capitalization of $324.96 million, a price-to-earnings ratio of 21.96 and a beta of 0.34. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were given a $0.313 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.81%. Spok’s payout ratio is currently 171.23%.

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.