Spok Holdings, Inc. (NASDAQ:SPOK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Spok Holdings, Inc. (NASDAQ:SPOK) by 25.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,285 shares of the Wireless communications provider’s stock after selling 33,296 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.50% of Spok worth $1,537,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in Spok during the 3rd quarter valued at about $950,000. Nisa Investment Advisors LLC increased its stake in shares of Spok by 162.6% during the third quarter. Nisa Investment Advisors LLC now owns 5,015 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 3,105 shares during the period. Natixis Advisors L.P. bought a new stake in Spok during the third quarter worth approximately $225,000. Campbell & CO Investment Adviser LLC bought a new position in Spok during the 3rd quarter valued at $707,000. Finally, WINTON GROUP Ltd increased its position in shares of Spok by 30.7% during the 3rd quarter. WINTON GROUP Ltd now owns 31,561 shares of the Wireless communications provider’s stock valued at $450,000 after purchasing an additional 7,422 shares during the period. 50.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Todd J. Stein sold 25,927 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $17.92, for a total value of $464,611.84. Following the completion of the transaction, the director now owns 696,637 shares in the company, valued at approximately $12,483,735.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.88% of the company’s stock.

Spok Stock Up 1.4 %

Shares of Spok stock opened at $15.22 on Tuesday. The business has a fifty day simple moving average of $16.33 and a 200-day simple moving average of $15.90. The firm has a market cap of $306.53 million, a price-to-earnings ratio of 19.77 and a beta of 0.26. Spok Holdings, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.14.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, February 21st. The Wireless communications provider reported $0.17 earnings per share for the quarter. Spok had a net margin of 11.27% and a return on equity of 9.43%. The company had revenue of $33.95 million during the quarter.

Spok Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.313 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Spok’s previous quarterly dividend of $0.31. This represents a $1.25 annualized dividend and a dividend yield of 8.23%. Spok’s dividend payout ratio (DPR) is currently 162.34%.

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.