Invesco Ltd. Boosts Stake in Spok Holdings, Inc. (NASDAQ:SPOK)

Invesco Ltd. lifted its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,116 shares of the Wireless communications provider’s stock after purchasing an additional 938 shares during the quarter. Invesco Ltd. owned approximately 0.20% of Spok worth $644,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SPOK. New Age Alpha Advisors LLC purchased a new position in shares of Spok during the fourth quarter worth approximately $34,000. Cerity Partners LLC acquired a new stake in Spok during the 4th quarter worth $183,000. Wells Fargo & Company MN increased its stake in Spok by 15.1% in the fourth quarter. Wells Fargo & Company MN now owns 19,432 shares of the Wireless communications provider’s stock valued at $312,000 after purchasing an additional 2,546 shares during the period. Barclays PLC raised its holdings in shares of Spok by 273.8% in the third quarter. Barclays PLC now owns 24,078 shares of the Wireless communications provider’s stock valued at $362,000 after buying an additional 17,637 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Spok by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 27,269 shares of the Wireless communications provider’s stock worth $439,000 after buying an additional 1,271 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. StockNews.com upgraded Spok from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. B. Riley raised Spok to a “strong-buy” rating in a report on Thursday.

Spok Stock Up 0.1 %

Shares of NASDAQ:SPOK opened at $16.25 on Friday. Spok Holdings, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $17.96. The firm’s 50-day simple moving average is $15.82 and its 200-day simple moving average is $16.03. The company has a market cap of $331.81 million, a price-to-earnings ratio of 22.26 and a beta of 0.40.

Spok (NASDAQ:SPOK) last announced 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. The company had revenue of $36.29 million for the quarter, compared to analyst estimates of $34.00 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. On average, research analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current year.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, May 23rd will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, May 23rd. Spok’s payout ratio is 168.92%.

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.