Spok Holdings, Inc. (NASDAQ:SPOK) Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. grew its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 28.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,321 shares of the Wireless communications provider’s stock after acquiring an additional 4,530 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of Spok worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Gladius Capital Management LP bought a new stake in Spok during the second quarter valued at $112,000. Tucker Asset Management LLC bought a new stake in shares of Spok during the 4th quarter valued at about $126,000. BNP Paribas Financial Markets grew its position in shares of Spok by 82.8% during the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock valued at $137,000 after buying an additional 3,884 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Spok during the first quarter worth about $170,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Spok in the second quarter valued at approximately $196,000. 50.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Spok

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

Spok Trading Up 1.2 %

NASDAQ SPOK opened at $14.70 on Friday. The company has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $15.20. The stock has a market cap of $297.82 million, a price-to-earnings ratio of 17.71 and a beta of 0.33. Spok Holdings, Inc. has a 52 week low of $13.24 and a 52 week high of $18.14.

Spok (NASDAQ:SPOK) last posted its 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 firm had revenue of $33.98 million for the quarter. As a group, equities research analysts expect that Spok Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Spok Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 19th were issued a $0.313 dividend. This represents a $1.25 annualized dividend and a yield of 8.52%. The ex-dividend date of this dividend was Monday, August 19th. Spok’s payout ratio is currently 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.