Trexquant Investment LP Buys 35,401 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Trexquant Investment LP increased its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 49.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,467 shares of the Wireless communications provider’s stock after purchasing an additional 35,401 shares during the quarter. Trexquant Investment LP’s holdings in Spok were worth $1,709,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Spok by 2,263.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock worth $2,988,000 after buying an additional 190,024 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Spok by 133.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,241 shares of the Wireless communications provider’s stock worth $1,689,000 after acquiring an additional 60,256 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of Spok during the fourth quarter valued at $801,000. Allspring Global Investments Holdings LLC boosted its holdings in Spok by 67.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock valued at $1,782,000 after acquiring an additional 44,896 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Spok in the fourth quarter worth about $647,000. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPOK shares. StockNews.com upgraded shares of Spok from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. B. Riley raised shares of Spok from a “neutral” rating to a “buy” rating and raised their price objective for the company from $15.00 to $20.00 in a research note on Thursday, February 27th.

Spok Trading Down 1.6 %

NASDAQ:SPOK opened at $15.00 on Wednesday. The firm has a market capitalization of $306.29 million, a price-to-earnings ratio of 20.55 and a beta of 0.40. Spok Holdings, Inc. has a 1-year low of $13.24 and a 1-year high of $17.96. The business’s 50-day moving average price is $16.30 and its two-hundred day moving average price is $15.99.

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

Spok Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.3125 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a yield of 8.33%. Spok’s payout ratio is 168.92%.

Spok 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.