JPMorgan Chase & Co. Boosts Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

JPMorgan Chase & Co. raised its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 2,263.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,419 shares of the Wireless communications provider’s stock after buying an additional 190,024 shares during the quarter. JPMorgan Chase & Co. owned about 0.98% of Spok worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in Spok during the third quarter valued at $26,000. nVerses Capital LLC bought a new position in shares of Spok during the 3rd quarter valued at about $27,000. BNP Paribas Financial Markets grew its position in shares of Spok by 18.9% during the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 609 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Spok during the third quarter valued at about $116,000. Finally, FMR LLC increased its holdings in shares of Spok by 39.9% in the third quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider’s stock worth $218,000 after purchasing an additional 4,130 shares during the last quarter. Institutional investors own 50.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. B. Riley initiated coverage on Spok in a report on Thursday, September 26th. They set a “neutral” rating and a $15.00 price target for the company. StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th.

Spok Trading Down 1.1 %

Shares of NASDAQ SPOK opened at $15.92 on Monday. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The firm’s 50-day moving average price is $16.25 and its 200-day moving average price is $15.56. The stock has a market capitalization of $322.70 million, a price-to-earnings ratio of 21.81 and a beta of 0.34.

Spok Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date was Monday, November 18th. Spok’s dividend payout ratio (DPR) is 171.23%.

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.