US Bancorp DE Increases Holdings in Spok Holdings, Inc. $SPOK

US Bancorp DE boosted its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 862.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,790 shares of the Wireless communications provider’s stock after purchasing an additional 2,500 shares during the period. US Bancorp DE’s holdings in Spok were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPOK. Ameriprise Financial Inc. purchased a new position in shares of Spok during the 4th quarter worth approximately $494,000. Bank of America Corp DE grew its holdings in shares of Spok by 37.3% during the 4th quarter. Bank of America Corp DE now owns 26,978 shares of the Wireless communications provider’s stock worth $433,000 after acquiring an additional 7,332 shares during the period. GAMMA Investing LLC grew its holdings in shares of Spok by 2,378.4% during the 1st quarter. GAMMA Investing LLC now owns 9,864 shares of the Wireless communications provider’s stock worth $162,000 after acquiring an additional 9,466 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Spok during the 4th quarter worth approximately $196,000. Finally, Millennium Management LLC grew its holdings in shares of Spok by 37.9% during the 4th quarter. Millennium Management LLC now owns 52,929 shares of the Wireless communications provider’s stock worth $850,000 after acquiring an additional 14,552 shares during the period. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Analyst Upgrades and Downgrades

SPOK has been the topic of a number of research analyst reports. Wall Street Zen upgraded Spok from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 10th. B. Riley upgraded Spok to a “strong-buy” rating in a report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average price target of $20.00.

Spok Trading Down 1.6%

SPOK stock opened at $17.96 on Wednesday. The stock has a market capitalization of $369.80 million, a PE ratio of 21.64 and a beta of 0.57. Spok Holdings, Inc. has a 12-month low of $13.55 and a 12-month high of $19.31. The stock’s 50 day simple moving average is $17.63 and its 200 day simple moving average is $16.64.

Spok (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, July 30th. The Wireless communications provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $35.69 million for the quarter, compared to analysts’ expectations of $35.00 million. Spok had a return on equity of 11.11% and a net margin of 12.12%. Spok has set its FY 2025 guidance at EPS. On average, research analysts predict that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.

Spok Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $1.25 annualized dividend and a yield of 7.0%. Spok’s dividend payout ratio is 150.60%.

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.