CSM Advisors LLC Takes Position in Spok Holdings, Inc. $SPOK

CSM Advisors LLC bought a new position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 349,185 shares of the Wireless communications provider’s stock, valued at approximately $6,175,000. CSM Advisors LLC owned 1.70% of Spok as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in Spok by 339.9% during the 2nd quarter. Signaturefd LLC now owns 1,421 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 1,098 shares in the last quarter. CWM LLC lifted its position in shares of Spok by 309.2% during the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,317 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Spok by 62.2% during the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 844 shares in the last quarter. US Bancorp DE grew its stake in shares of Spok by 862.1% during the first quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Spok by 12,125.8% in the first quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider’s stock valued at $62,000 after buying an additional 3,759 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPOK. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Spok in a report on Tuesday, October 14th. Wall Street Zen cut Spok from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, Spok has a consensus rating of “Strong Buy” and an average price target of $20.00.

Spok Stock Up 1.1%

SPOK opened at $13.44 on Monday. Spok Holdings, Inc. has a 52 week low of $13.24 and a 52 week high of $19.31. The business’s 50 day moving average is $16.37 and its two-hundred day moving average is $16.84. The firm has a market cap of $276.84 million, a price-to-earnings ratio of 16.80 and a beta of 0.46.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, October 29th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $33.87 million for the quarter, compared to analysts’ expectations of $35.90 million. Spok had a return on equity of 10.88% and a net margin of 11.88%. Spok has set its FY 2025 guidance at EPS. Equities analysts expect that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Tuesday, November 18th. Spok’s dividend payout ratio is presently 156.25%.

Insider Transactions at Spok

In other Spok news, CEO Vincent D. Kelly sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total transaction of $442,250.00. Following the completion of the sale, the chief executive officer directly owned 102,817 shares of the company’s stock, valued at $1,818,832.73. This represents a 19.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael W. Wallace sold 10,806 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $17.87, for a total value of $193,103.22. Following the sale, the chief operating officer directly owned 40,369 shares of the company’s stock, valued at $721,394.03. The trade was a 21.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 7.37% of the stock is currently owned by corporate insiders.

Spok Company 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.