Nisa Investment Advisors LLC Buys 3,759 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Nisa Investment Advisors LLC boosted its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 12,125.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,790 shares of the Wireless communications provider’s stock after purchasing an additional 3,759 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Spok were worth $62,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Magnetar Financial LLC purchased a new position in Spok during the 4th quarter valued at approximately $647,000. American Century Companies Inc. boosted its position in shares of Spok by 15.3% during the 4th quarter. American Century Companies Inc. now owns 29,927 shares of the Wireless communications provider’s stock valued at $480,000 after acquiring an additional 3,978 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Spok by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider’s stock valued at $3,428,000 after purchasing an additional 15,156 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Spok in the fourth quarter worth $34,000. Finally, Geode Capital Management LLC raised its stake in Spok by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider’s stock valued at $8,258,000 after purchasing an additional 6,591 shares in the last quarter. Institutional investors own 50.81% of the company’s stock.

Wall Street Analysts Forecast Growth

SPOK has been the topic of a number of research reports. B. Riley upgraded shares of Spok to a “strong-buy” rating in a report on Thursday, May 1st. Wall Street Zen raised Spok from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 10th.

Insider Transactions at Spok

In other news, CEO Vincent D. Kelly sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total value of $492,000.00. Following the sale, the chief executive officer directly owned 157,817 shares of the company’s stock, valued at $2,588,198.80. This represents a 15.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael W. Wallace sold 6,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total transaction of $99,180.00. Following the completion of the sale, the chief operating officer owned 61,175 shares in the company, valued at $1,011,222.75. The trade was a 8.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.37% of the company’s stock.

Spok Trading Down 1.7%

Shares of SPOK opened at $17.37 on Friday. The company’s fifty day simple moving average is $16.89 and its 200-day simple moving average is $16.33. Spok Holdings, Inc. has a twelve month low of $13.55 and a twelve month high of $18.29. The company has a market cap of $357.34 million, a P/E ratio of 22.27 and a beta of 0.58.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The firm had revenue of $36.29 million during the quarter, compared to analyst estimates of $34.00 million. Spok had a return on equity of 10.26% and a net margin of 11.45%. Analysts predict that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date was Friday, May 23rd. Spok’s dividend payout ratio (DPR) is presently 160.26%.

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.