Spok Holdings, Inc. (NASDAQ:SPOK) Shares Bought by Foundry Partners LLC

Foundry Partners LLC raised its holdings in Spok Holdings, Inc. (NASDAQ:SPOK) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 437,255 shares of the Wireless communications provider’s stock after purchasing an additional 4,120 shares during the period. Foundry Partners LLC owned 2.16% of Spok worth $6,585,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of SPOK. Acadian Asset Management LLC increased its position in Spok by 58.9% during the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock worth $4,752,000 after purchasing an additional 119,102 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Spok during the second quarter worth about $513,000. Bailard Inc. grew its holdings in shares of Spok by 17.6% during the second quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider’s stock worth $256,000 after buying an additional 2,592 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of Spok in the second quarter valued at approximately $196,000. Finally, Sei Investments Co. purchased a new position in shares of Spok during the second quarter valued at approximately $579,000. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Spok Stock Performance

Shares of SPOK stock opened at $15.96 on Thursday. The firm has a market capitalization of $323.51 million, a price-to-earnings ratio of 21.86 and a beta of 0.33. The company has a 50 day moving average price of $15.40 and a 200 day moving average price of $15.18. Spok Holdings, Inc. has a one year low of $13.24 and a one year high of $18.14.

Spok Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.313 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.25 annualized dividend and a yield of 7.84%. Spok’s dividend payout ratio is presently 171.23%.

Wall Street Analysts Forecast Growth

SPOK has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Spok in a research note on Thursday, September 26th. They issued a “neutral” rating and a $15.00 target price for the company. StockNews.com raised Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

About Spok

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.