BNP Paribas Financial Markets Raises Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

BNP Paribas Financial Markets lifted its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 18.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,837 shares of the Wireless communications provider’s stock after purchasing an additional 609 shares during the quarter. BNP Paribas Financial Markets’ holdings in Spok were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC raised its stake 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 worth $4,752,000 after acquiring an additional 119,102 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Spok in the second quarter valued at about $579,000. Panagora Asset Management Inc. purchased a new position in shares of Spok in the second quarter worth about $523,000. Kingsview Wealth Management LLC acquired a new stake in shares of Spok during the third quarter worth about $529,000. Finally, Magnetar Financial LLC acquired a new position in Spok in the 2nd quarter worth approximately $513,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Spok Trading Up 1.2 %

Shares of NASDAQ:SPOK opened at $16.46 on Friday. The company has a market capitalization of $333.68 million, a PE ratio of 22.55 and a beta of 0.33. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The business has a 50 day moving average of $16.02 and a two-hundred day moving average of $15.37.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date was Monday, November 18th. Spok’s dividend payout ratio (DPR) is presently 171.23%.

Analyst Ratings Changes

Several brokerages have commented on SPOK. StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. B. Riley initiated coverage on shares of Spok in a report on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price target on the stock.

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.