Spok Holdings, Inc. (SPOK) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC raised its holdings in Spok Holdings, Inc. (NASDAQ:SPOK) by 1.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,570,800 shares of the Wireless communications provider’s stock after acquiring an additional 17,300 shares during the period. Renaissance Technologies LLC owned about 7.86% of Spok Holdings worth $27,803,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of SPOK. Great Lakes Advisors LLC acquired a new position in Spok Holdings in the second quarter valued at about $204,000. Thrivent Financial For Lutherans grew its stake in Spok Holdings by 5.5% in the second quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock valued at $219,000 after acquiring an additional 650 shares during the period. Cigna Investments Inc. New acquired a new position in Spok Holdings in the second quarter valued at about $252,000. Texas Permanent School Fund grew its stake in Spok Holdings by 0.9% in the second quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock valued at $265,000 after acquiring an additional 128 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in Spok Holdings by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock valued at $434,000 after acquiring an additional 330 shares during the period. 87.42% of the stock is owned by hedge funds and other institutional investors.
In other Spok Holdings news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $16.81, for a total transaction of $168,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.63% of the company’s stock.
Shares of Spok Holdings, Inc. (SPOK) opened at 17.00 on Friday. The stock has a 50 day moving average price of $15.83 and a 200-day moving average price of $17.20. The company has a market capitalization of $339.61 million, a price-to-earnings ratio of 37.04 and a beta of 0.61. Spok Holdings, Inc. has a one year low of $14.45 and a one year high of $22.60.
Spok Holdings (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.07 earnings per share for the quarter. Spok Holdings had a return on equity of 2.93% and a net margin of 5.44%. The firm had revenue of $42.33 million during the quarter. On average, equities research analysts expect that Spok Holdings, Inc. will post $0.90 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.50 dividend on an annualized basis and a yield of 2.94%. Spok Holdings’s payout ratio is currently 108.70%.
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A number of research analysts have issued reports on the company. BidaskClub cut Spok Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. ValuEngine cut Spok Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th.
About Spok Holdings
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
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