Rhumbline Advisers Grows Holdings in Spok Holdings Inc (SPOK)
Rhumbline Advisers boosted its holdings in shares of Spok Holdings Inc (NASDAQ:SPOK) by 13.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 65,994 shares of the Wireless communications provider’s stock after acquiring an additional 7,992 shares during the period. Rhumbline Advisers’ holdings in Spok were worth $875,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC acquired a new position in Spok during the third quarter worth $169,000. Engineers Gate Manager LP purchased a new stake in shares of Spok in the third quarter valued at about $174,000. Meeder Asset Management Inc. raised its holdings in shares of Spok by 3,085.0% in the fourth quarter. Meeder Asset Management Inc. now owns 14,046 shares of the Wireless communications provider’s stock valued at $186,000 after purchasing an additional 13,605 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Spok in the third quarter valued at about $357,000. Finally, Arizona State Retirement System raised its holdings in shares of Spok by 6.1% in the fourth quarter. Arizona State Retirement System now owns 27,865 shares of the Wireless communications provider’s stock valued at $369,000 after purchasing an additional 1,614 shares during the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.
Separately, BidaskClub upgraded shares of Spok from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 20th.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.125 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 3.64%.
In other news, CEO Vincent D. Kelly sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $14.13, for a total value of $70,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
WARNING: “Rhumbline Advisers Grows Holdings in Spok Holdings Inc (SPOK)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/rhumbline-advisers-grows-holdings-in-spok-holdings-inc-spok/2895676.html.
Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.
Featured Article: What is the Difference Between Common Shares and Convertible Shares?
Want to see what other hedge funds are holding SPOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spok Holdings Inc (NASDAQ:SPOK).
Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.