Spok Holdings, Inc. $SPOK Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 41.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,978 shares of the Wireless communications provider’s stock after purchasing an additional 58,416 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.97% of Spok worth $3,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPOK. Jump Financial LLC purchased a new position in Spok during the 1st quarter worth approximately $265,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Spok in the second quarter worth $197,634,000. Trexquant Investment LP grew its holdings in shares of Spok by 34.6% during the first quarter. Trexquant Investment LP now owns 143,346 shares of the Wireless communications provider’s stock valued at $2,357,000 after buying an additional 36,879 shares in the last quarter. CWM LLC raised its position in Spok by 309.2% during the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 1,317 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in Spok by 2.0% in the 1st quarter. Acadian Asset Management LLC now owns 376,932 shares of the Wireless communications provider’s stock worth $6,195,000 after acquiring an additional 7,301 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Spok Price Performance

Shares of SPOK opened at $13.90 on Friday. The firm has a 50 day simple moving average of $15.96 and a two-hundred day simple moving average of $16.78. The company has a market cap of $286.31 million, a P/E ratio of 17.38 and a beta of 0.46. Spok Holdings, Inc. has a one year low of $13.24 and a one year high of $19.31.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, October 29th. The Wireless communications provider reported $0.15 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 analyst estimates 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. On average, analysts expect that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be given a $0.3125 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.25 annualized dividend and a yield of 9.0%. Spok’s dividend payout ratio (DPR) is currently 156.25%.

Insider Activity at Spok

In related news, CEO Vincent D. Kelly sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 102,817 shares of the company’s stock, valued at $1,818,832.73. This trade represents a 19.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael W. Wallace sold 10,806 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $17.87, for a total transaction of $193,103.22. Following the completion of the transaction, the chief operating officer owned 40,369 shares in the company, valued at approximately $721,394.03. The trade was a 21.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPOK. Weiss Ratings reissued a “buy (b)” rating on shares of Spok in a research report on Tuesday. Wall Street Zen downgraded shares of Spok from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and an average target price of $20.00.

Spok 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.