Los Angeles Capital Management LLC Increases Stock Holdings in Spok Holdings, Inc. $SPOK

Los Angeles Capital Management LLC raised its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 125.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,810 shares of the Wireless communications provider’s stock after purchasing an additional 35,460 shares during the quarter. Los Angeles Capital Management LLC owned 0.31% of Spok worth $1,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of Spok by 339.9% in the second quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 1,098 shares during the last quarter. CWM LLC increased its holdings in Spok by 309.2% during the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,317 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Spok by 62.2% in the first 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 period. US Bancorp DE boosted its stake in shares of 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. Finally, Nisa Investment Advisors LLC grew its position in shares of 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 valued at $62,000 after acquiring an additional 3,759 shares during the period. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Insider Activity

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

Spok Price Performance

Shares of SPOK stock opened at $13.94 on Thursday. Spok Holdings, Inc. has a one year low of $13.24 and a one year high of $19.31. The company’s fifty day moving average price is $16.11 and its 200-day moving average price is $16.80. The company has a market capitalization of $287.14 million, a price-to-earnings ratio of 17.43 and a beta of 0.46.

Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, October 29th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Spok had a return on equity of 10.88% and a net margin of 11.88%.The firm had revenue of $33.87 million during the quarter, compared to the consensus estimate of $35.90 million. Spok has set its FY 2025 guidance at EPS. Equities research analysts expect that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 18th will be given a dividend of $0.3125 per share. The ex-dividend date is Tuesday, November 18th. This represents a $1.25 annualized dividend and a dividend yield of 9.0%. Spok’s dividend payout ratio (DPR) is currently 156.25%.

Wall Street Analyst Weigh In

SPOK has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Spok in a report on Tuesday. Wall Street Zen cut Spok from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy” and an average price target of $20.00.

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.