BNP Paribas Financial Markets Has $41,000 Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

BNP Paribas Financial Markets cut its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,561 shares of the Wireless communications provider’s stock after selling 1,276 shares during the period. BNP Paribas Financial Markets’ holdings in Spok were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC grew its stake in shares of Spok by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider’s stock worth $8,258,000 after purchasing an additional 6,591 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Spok by 7.6% during the fourth quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider’s stock worth $3,428,000 after purchasing an additional 15,156 shares during the period. Northern Trust Corp grew its stake in shares of Spok by 4.1% during the fourth quarter. Northern Trust Corp now owns 207,068 shares of the Wireless communications provider’s stock worth $3,323,000 after purchasing an additional 8,175 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Spok by 67.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock worth $1,782,000 after purchasing an additional 44,896 shares during the period. Finally, Trexquant Investment LP lifted its holdings in Spok by 49.8% during the fourth quarter. Trexquant Investment LP now owns 106,467 shares of the Wireless communications provider’s stock worth $1,709,000 after acquiring an additional 35,401 shares in the last quarter. 50.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Michael W. Wallace sold 6,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total value of $99,180.00. Following the sale, the chief operating officer now directly owns 61,175 shares in the company, valued at $1,011,222.75. The trade was a 8.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total value of $492,000.00. Following the completion of the sale, the chief executive officer now owns 157,817 shares in the company, valued at approximately $2,588,198.80. This trade represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. B. Riley upgraded Spok to a “strong-buy” rating in a report on Thursday, May 1st. Wall Street Zen upgraded Spok from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 10th.

Spok Trading Down 0.4%

SPOK stock opened at $16.08 on Wednesday. The business’s 50-day moving average price is $15.87 and its two-hundred day moving average price is $16.13. The firm has a market cap of $330.80 million, a PE ratio of 22.03 and a beta of 0.51. Spok Holdings, Inc. has a 1-year low of $13.55 and a 1-year high of $17.96.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 EPS 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, analysts forecast that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Friday, May 23rd will be issued a $0.3125 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.77%. Spok’s dividend payout ratio (DPR) is 160.26%.

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.