Koss Olinger Consulting LLC Reduces Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Koss Olinger Consulting LLC trimmed its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,033 shares of the Wireless communications provider’s stock after selling 1,695 shares during the period. Koss Olinger Consulting LLC owned 0.14% of Spok worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Spok by 18.9% in the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 609 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Spok by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 27,269 shares of the Wireless communications provider’s stock worth $439,000 after purchasing an additional 1,271 shares in the last quarter. Larson Financial Group LLC acquired a new position in Spok in the third quarter worth about $26,000. Martingale Asset Management L P grew its stake in Spok by 13.6% in the third quarter. Martingale Asset Management L P now owns 19,169 shares of the Wireless communications provider’s stock worth $289,000 after purchasing an additional 2,302 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in Spok by 1.0% in the third quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock worth $6,585,000 after purchasing an additional 4,120 shares in the last quarter. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Spok Stock Up 0.1 %

Shares of SPOK stock opened at $15.98 on Thursday. The business has a 50 day moving average of $16.32 and a two-hundred day moving average of $15.89. Spok Holdings, Inc. has a 52 week low of $13.24 and a 52 week high of $17.96. The company has a market cap of $326.30 million, a P/E ratio of 21.89 and a beta of 0.29.

Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $33.89 million during the quarter, compared to analyst estimates of $35.50 million. Analysts expect that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.3125 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a yield of 7.82%. Spok’s payout ratio is currently 168.92%.

Analysts Set New Price Targets

SPOK has been the subject of a number of research reports. StockNews.com downgraded Spok from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. B. Riley upgraded Spok from a “neutral” rating to a “buy” rating and lifted their target price for the company from $15.00 to $20.00 in a research note on Thursday, February 27th.

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.