New Age Alpha Advisors LLC Purchases New Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

New Age Alpha Advisors LLC acquired a new position in Spok Holdings, Inc. (NASDAQ:SPOK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,143 shares of the Wireless communications provider’s stock, valued at approximately $34,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in shares of Spok by 18.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock worth $58,000 after buying an additional 609 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Spok by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 27,269 shares of the Wireless communications provider’s stock worth $439,000 after acquiring an additional 1,271 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Spok by 15.3% during the fourth quarter. American Century Companies Inc. now owns 29,927 shares of the Wireless communications provider’s stock valued at $480,000 after acquiring an additional 3,978 shares in the last quarter. FMR LLC raised its position in shares of Spok by 39.9% in the 3rd quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after purchasing an additional 4,130 shares during the last quarter. Finally, State Street Corp boosted its stake in Spok by 3.1% in the 3rd quarter. State Street Corp now owns 415,876 shares of the Wireless communications provider’s stock worth $6,263,000 after purchasing an additional 12,467 shares in the last quarter. Institutional investors own 50.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on SPOK shares. StockNews.com cut shares of Spok from a “strong-buy” rating to a “buy” rating in a report on Monday. B. Riley raised Spok from a “neutral” rating to a “buy” rating and upped their price objective for the company from $15.00 to $20.00 in a research report on Thursday, February 27th.

Spok Stock Performance

SPOK opened at $16.38 on Friday. The company’s 50-day simple moving average is $16.39 and its two-hundred day simple moving average is $15.99. The stock has a market capitalization of $334.46 million, a P/E ratio of 22.44 and a beta of 0.40. Spok Holdings, Inc. has a 52-week low of $13.24 and a 52-week high of $17.96.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $33.89 million for the quarter, compared to the consensus estimate of $35.50 million. Research analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 7.63%. The ex-dividend date was Friday, March 14th. Spok’s payout ratio is currently 168.92%.

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.