State Street Corp Buys 12,467 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

State Street Corp increased its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 415,876 shares of the Wireless communications provider’s stock after purchasing an additional 12,467 shares during the quarter. State Street Corp owned 2.05% of Spok worth $6,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in Spok by 2.2% in the second quarter. Renaissance Technologies LLC now owns 1,014,722 shares of the Wireless communications provider’s stock worth $15,028,000 after purchasing an additional 21,500 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Spok by 4.2% in the third quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider’s stock worth $10,141,000 after buying an additional 27,048 shares during the period. Foundry Partners LLC lifted its stake in shares of Spok by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock worth $6,585,000 after acquiring an additional 4,120 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Spok by 58.9% during the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after acquiring an additional 119,102 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Spok by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock valued at $3,439,000 after acquiring an additional 2,303 shares during the period. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Stock Performance

Shares of NASDAQ SPOK opened at $16.23 on Friday. Spok Holdings, Inc. has a 52-week low of $13.24 and a 52-week high of $18.14. The firm has a market capitalization of $329.01 million, a price-to-earnings ratio of 22.23 and a beta of 0.33. The stock has a 50 day moving average price of $16.15 and a 200 day moving average price of $15.42.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were issued a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend was Monday, November 18th. Spok’s dividend payout ratio is 171.23%.

Analyst Upgrades and Downgrades

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

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.