Renaissance Technologies LLC Has $15.03 Million Stock Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Renaissance Technologies LLC increased its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,014,722 shares of the Wireless communications provider’s stock after purchasing an additional 21,500 shares during the quarter. Renaissance Technologies LLC owned approximately 5.01% of Spok worth $15,028,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Spok by 28.7% during the 2nd quarter. American Century Companies Inc. now owns 20,321 shares of the Wireless communications provider’s stock worth $301,000 after purchasing an additional 4,530 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in Spok in the 2nd quarter valued at about $436,000. Acadian Asset Management LLC increased its position in Spok by 58.9% in the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after acquiring an additional 119,102 shares in the last quarter. Rhumbline Advisers increased its position in Spok by 13.6% in the 2nd quarter. Rhumbline Advisers now owns 28,208 shares of the Wireless communications provider’s stock valued at $418,000 after acquiring an additional 3,381 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Spok by 9.0% in the 2nd quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider’s stock valued at $172,000 after acquiring an additional 959 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Insider Activity

In other news, COO Michael W. Wallace sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the transaction, the chief operating officer now owns 49,465 shares of the company’s stock, valued at approximately $732,082. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Vincent D. Kelly sold 45,000 shares of Spok stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the transaction, the chief executive officer now owns 201,645 shares of the company’s stock, valued at approximately $2,990,395.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael W. Wallace sold 25,000 shares of Spok stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total transaction of $370,000.00. Following the transaction, the chief operating officer now directly owns 49,465 shares in the company, valued at approximately $732,082. The disclosure for this sale can be found here. Insiders own 11.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd.

Spok Trading Down 1.0 %

SPOK opened at $15.19 on Friday. The stock has a market capitalization of $307.54 million, a PE ratio of 18.30 and a beta of 0.33. Spok Holdings, Inc. has a 1-year low of $13.20 and a 1-year high of $18.14. The firm has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $15.34.

Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $33.98 million for the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%.

Spok Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 19th were paid a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend was Monday, August 19th. Spok’s dividend payout ratio (DPR) is presently 150.60%.

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.