nVerses Capital LLC Acquires Shares of 1,800 Spok Holdings, Inc. (NASDAQ:SPOK)

nVerses Capital LLC bought a new stake in Spok Holdings, Inc. (NASDAQ:SPOK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the Wireless communications provider’s stock, valued at approximately $27,000.

A number of other institutional investors have also recently made changes to their positions in SPOK. Gladius Capital Management LP purchased a new position in shares of Spok in the second quarter valued at $112,000. SG Americas Securities LLC bought a new position in Spok in the 3rd quarter worth about $116,000. BNP Paribas Financial Markets grew its holdings in 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 in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Spok during the first quarter valued at about $170,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Spok in the second quarter worth about $196,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Trading Up 0.5 %

Shares of SPOK opened at $14.87 on Thursday. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The company has a market cap of $301.27 million, a PE ratio of 19.18 and a beta of 0.33. The stock has a 50-day moving average price of $14.95 and a 200-day moving average price of $15.07.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $33.98 million during the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%. As a group, analysts predict that Spok Holdings, Inc. will post 0.74 earnings per share for the current year.

Insider Activity

In related news, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.83, for a total value of $667,350.00. Following the completion of the transaction, the chief executive officer now directly owns 201,645 shares in the company, valued at approximately $2,990,395.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Michael W. Wallace sold 25,000 shares of the business’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 value of $370,000.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 201,645 shares of the company’s stock, valued at $2,990,395.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 10.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com cut shares of Spok from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. B. Riley assumed coverage on shares of Spok in a research report on Thursday, September 26th. They set a “neutral” rating and a $15.00 price target for the company.

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.