Los Angeles Capital Management LLC Has $595,000 Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

Los Angeles Capital Management LLC trimmed its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,500 shares of the Wireless communications provider’s stock after selling 4,900 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.19% of Spok worth $595,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Spok by 9.0% in 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 during the period. Redhawk Wealth Advisors Inc. boosted its position in shares of Spok by 10.6% in the third quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider’s stock worth $220,000 after buying an additional 1,408 shares during the period. nVerses Capital LLC acquired a new stake in shares of Spok in the third quarter worth $27,000. Bank of New York Mellon Corp grew its holdings in shares of Spok by 1.0% during the second 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 buying an additional 2,303 shares in the last quarter. Finally, Bailard Inc. raised its position in Spok by 17.6% during the second quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock valued at $256,000 after buying an additional 2,592 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Vincent D. Kelly sold 45,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.83, for a total transaction of $667,350.00. Following the transaction, the chief executive officer now owns 201,645 shares of the company’s stock, valued at approximately $2,990,395.35. This represents a 18.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael W. Wallace sold 25,000 shares of the firm’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 transaction, the chief operating officer now directly owns 49,465 shares in the company, valued at $732,082. The trade was a 33.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.51% of the stock is owned by insiders.

Spok Stock Performance

Shares of NASDAQ SPOK opened at $16.54 on Friday. The business has a 50 day simple moving average of $15.33 and a 200 day simple moving average of $15.15. Spok Holdings, Inc. has a 52 week low of $13.24 and a 52 week high of $18.14. The stock has a market cap of $335.27 million, a price-to-earnings ratio of 22.66 and a beta of 0.33.

Spok Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.313 per share. The ex-dividend date is Monday, November 18th. This represents a $1.25 annualized dividend and a dividend yield of 7.57%. Spok’s dividend payout ratio (DPR) is 171.23%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SPOK shares. StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a report on Friday, October 25th. B. Riley started coverage on shares of Spok in a research note on Thursday, September 26th. They issued a “neutral” rating and a $15.00 price objective on the stock.

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.