Fmr LLC Increases Stock Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Fmr LLC lifted its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 39.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,479 shares of the Wireless communications provider’s stock after buying an additional 4,130 shares during the period. Fmr LLC owned approximately 0.07% of Spok worth $218,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in Spok during the third quarter worth about $26,000. nVerses Capital LLC purchased a new stake in shares of Spok during the 3rd quarter worth about $27,000. SG Americas Securities LLC acquired a new stake in Spok during the 3rd quarter worth approximately $116,000. Principal Financial Group Inc. increased its position in Spok by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider’s stock worth $172,000 after purchasing an additional 959 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Spok by 10.6% in the third quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider’s stock valued at $220,000 after buying an additional 1,408 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports 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 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 Stock Performance

SPOK stock opened at $15.96 on Friday. The stock has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $15.37. The firm has a market cap of $323.54 million, a P/E ratio of 21.86 and a beta of 0.33. Spok Holdings, Inc. has a 1 year low of $13.24 and a 1 year high of $18.14.

Spok Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were paid a dividend of $0.313 per share. The ex-dividend date was Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.84%. Spok’s dividend payout ratio is currently 171.23%.

About Spok

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.