7,700 Shares in Spok Holdings, Inc. (NASDAQ:SPOK) Bought by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Spok Holdings, Inc. (NASDAQ:SPOK) during the third quarter, HoldingsChannel reports. The firm acquired 7,700 shares of the Wireless communications provider’s stock, valued at approximately $116,000.

Other institutional investors also recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new position in Spok in the first quarter valued at $3,759,000. Acadian Asset Management LLC increased its stake in Spok by 58.9% in the second quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after purchasing an additional 119,102 shares during the period. Magnetar Financial LLC acquired a new position in Spok in the second quarter valued at $513,000. Bailard Inc. increased its stake in Spok by 17.6% in the second quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock valued at $256,000 after purchasing an additional 2,592 shares during the period. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Spok in the second quarter valued at $196,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on SPOK shares. B. Riley started coverage on shares of Spok in a research note on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price objective on the stock. StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling

In related news, CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the sale, the chief executive officer now owns 201,645 shares of the company’s stock, valued at approximately $2,990,395.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Michael W. Wallace sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total transaction of $370,000.00. Following the sale, the chief operating officer now owns 49,465 shares of the company’s stock, valued at approximately $732,082. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.83, for a total transaction of $667,350.00. Following the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.88% of the stock is owned by insiders.

Spok Stock Down 0.6 %

Shares of Spok stock opened at $14.89 on Friday. Spok Holdings, Inc. has a 52-week low of $13.24 and a 52-week high of $18.14. The company’s 50-day simple moving average is $14.92 and its 200-day simple moving average is $15.06. The firm has a market cap of $301.46 million, a price-to-earnings ratio of 17.94 and a beta of 0.33.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%. The business had revenue of $33.98 million for the quarter. Equities research analysts anticipate that Spok Holdings, Inc. will post 0.74 EPS for the current year.

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.