Charles Schwab Investment Management Inc. Acquires 1,966 Shares of Spok Holdings, Inc. $SPOK

Charles Schwab Investment Management Inc. boosted its holdings in Spok Holdings, Inc. (NASDAQ:SPOK) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,314 shares of the Wireless communications provider’s stock after acquiring an additional 1,966 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.27% of Spok worth $909,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CWM LLC lifted its position in Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 1,317 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Spok by 62.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 844 shares during the last quarter. US Bancorp DE boosted its holdings in Spok by 862.1% during the 1st quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 2,500 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Spok by 12,125.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider’s stock worth $62,000 after acquiring an additional 3,759 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Spok by 30.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,868 shares of the Wireless communications provider’s stock worth $94,000 after acquiring an additional 1,383 shares during the last quarter. Institutional investors own 50.81% of the company’s stock.

Spok Price Performance

SPOK opened at $18.11 on Wednesday. The company has a fifty day moving average price of $17.89 and a 200-day moving average price of $16.75. The firm has a market capitalization of $372.88 million, a P/E ratio of 21.82 and a beta of 0.55. Spok Holdings, Inc. has a one year low of $13.55 and a one year high of $19.31.

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

Spok Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 19th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, August 19th. Spok’s dividend payout ratio (DPR) is currently 150.60%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Spok from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 10th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Spok presently has an average rating of “Strong Buy” and an average target price of $20.00.

Insider Buying and Selling

In related news, COO Michael W. Wallace sold 10,806 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $17.87, for a total transaction of $193,103.22. Following the transaction, the chief operating officer owned 40,369 shares in the company, valued at $721,394.03. The trade was a 21.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent D. Kelly sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $17.69, for a total transaction of $442,250.00. Following the completion of the sale, the chief executive officer directly owned 102,817 shares in the company, valued at $1,818,832.73. This represents a 19.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.37% of the stock is owned by company insiders.

About Spok

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.