Spok Holdings Inc (SPOK) Holdings Trimmed by Spark Investment Management LLC

Spark Investment Management LLC reduced its stake in shares of Spok Holdings Inc (NASDAQ:SPOK) by 18.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 133,623 shares of the Wireless communications provider’s stock after selling 30,277 shares during the quarter. Spark Investment Management LLC’s holdings in Spok were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Spok by 2.0% during the fourth quarter. California Public Employees Retirement System now owns 38,538 shares of the Wireless communications provider’s stock worth $511,000 after buying an additional 745 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Spok by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 146,898 shares of the Wireless communications provider’s stock worth $1,948,000 after buying an additional 784 shares during the period. Strs Ohio lifted its stake in shares of Spok by 2.6% during the first quarter. Strs Ohio now owns 44,100 shares of the Wireless communications provider’s stock worth $600,000 after buying an additional 1,100 shares during the period. Arizona State Retirement System lifted its stake in shares of Spok by 6.1% during the fourth quarter. Arizona State Retirement System now owns 27,865 shares of the Wireless communications provider’s stock worth $369,000 after buying an additional 1,614 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Spok by 15.7% during the fourth quarter. Mackenzie Financial Corp now owns 26,781 shares of the Wireless communications provider’s stock worth $355,000 after buying an additional 3,631 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Shares of NASDAQ:SPOK traded up $0.12 on Tuesday, hitting $16.88. 2,456 shares of the company were exchanged, compared to its average volume of 108,262. Spok Holdings Inc has a 1-year low of $12.21 and a 1-year high of $17.25.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.04 EPS for the quarter. Spok had a negative net margin of 0.31% and a negative return on equity of 0.19%. The business had revenue of $41.76 million during the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.50 annualized dividend and a dividend yield of 2.96%.

In related news, Director Todd J. Stein sold 65,376 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $15.84, for a total transaction of $1,035,555.84. Following the completion of the transaction, the director now owns 2,973 shares of the company’s stock, valued at $47,092.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent D. Kelly sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $14.13, for a total transaction of $70,650.00. The disclosure for this sale can be found here. Insiders have sold 75,376 shares of company stock valued at $1,175,206 over the last quarter. Insiders own 7.51% of the company’s stock.

Separately, BidaskClub downgraded shares of Spok from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st.

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Spok Company Profile

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.

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Institutional Ownership by Quarter for Spok (NASDAQ:SPOK)

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