Magnetar Financial LLC Purchases New Shares in Spok Holdings, Inc. (NASDAQ:SPOK)

Magnetar Financial LLC purchased a new stake in Spok Holdings, Inc. (NASDAQ:SPOK) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,608 shares of the Wireless communications provider’s stock, valued at approximately $513,000. Magnetar Financial LLC owned 0.17% of Spok as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SPOK. Hillsdale Investment Management Inc. acquired a new stake in Spok in the 1st quarter valued at $3,759,000. Acadian Asset Management LLC boosted its stake in Spok by 58.9% during the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock worth $4,752,000 after purchasing an additional 119,102 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Spok during the 1st quarter worth $1,868,000. Janney Montgomery Scott LLC acquired a new stake in Spok during the 4th quarter worth $681,000. Finally, Sei Investments Co. acquired a new stake in Spok during the 2nd quarter worth $579,000. Institutional investors and hedge funds own 50.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Spok

In other news, COO Michael W. Wallace sold 25,000 shares of Spok stock in a transaction 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 owns 49,465 shares in the company, valued at approximately $732,082. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief operating officer now owns 49,465 shares in the company, valued at $732,082. The disclosure for this sale can be found here. Insiders own 11.88% of the company’s stock.

Spok Stock Down 0.7 %

Shares of SPOK opened at $15.20 on Wednesday. Spok Holdings, Inc. has a 52-week low of $13.24 and a 52-week high of $18.14. The firm’s fifty day moving average is $15.16 and its two-hundred day moving average is $15.29. The stock has a market cap of $307.95 million, a PE ratio of 18.31 and a beta of 0.33.

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

Spok Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 19th were issued a dividend of $0.313 per share. The ex-dividend date was Monday, August 19th. This represents a $1.25 annualized dividend and a dividend yield of 8.24%. Spok’s dividend payout ratio is presently 150.60%.

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.