Bank of New York Mellon Corp cut its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 526,447 shares of the Wireless communications provider’s stock after selling 15,302 shares during the quarter. Bank of New York Mellon Corp owned 2.63% of Spok worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. Hancock Holding Co. purchased a new stake in Spok in the 2nd quarter worth approximately $193,000. Great Lakes Advisors LLC bought a new position in shares of Spok in the 2nd quarter worth approximately $204,000. Thrivent Financial For Lutherans increased its position in Spok by 5.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock valued at $219,000 after buying an additional 650 shares in the last quarter. Voya Investment Management LLC increased its position in Spok by 13.1% during the 2nd quarter. Voya Investment Management LLC now owns 12,459 shares of the Wireless communications provider’s stock valued at $221,000 after buying an additional 1,439 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Spok by 199.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,875 shares of the Wireless communications provider’s stock valued at $228,000 after buying an additional 9,913 shares in the last quarter. Institutional investors own 85.28% of the company’s stock.
In related news, insider Tom Saine sold 3,000 shares of Spok stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $17.30, for a total transaction of $51,900.00. Following the transaction, the insider now directly owns 43,924 shares in the company, valued at $759,885.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent D. Kelly sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $17.41, for a total value of $87,050.00. The disclosure for this sale can be found here. Insiders have sold 13,000 shares of company stock worth $225,300 over the last quarter. 1.63% of the stock is owned by company insiders.
Separately, BidaskClub lowered Spok from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
Spok Holdings, Inc. (SPOK) traded down $0.10 during trading on Friday, hitting $15.35. The company’s stock had a trading volume of 59,251 shares, compared to its average volume of 63,823. The company has a market cap of $303.75, a price-to-earnings ratio of 34.11 and a beta of 0.61. Spok Holdings, Inc. has a twelve month low of $14.45 and a twelve month high of $21.10.
Spok (NASDAQ:SPOK) last released its quarterly earnings results on Tuesday, October 24th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter. Spok had a return on equity of 2.87% and a net margin of 5.31%.
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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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