Martingale Asset Management L P Raises Stock Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Martingale Asset Management L P grew its holdings in Spok Holdings, Inc. (NASDAQ:SPOK) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,169 shares of the Wireless communications provider’s stock after purchasing an additional 2,302 shares during the quarter. Martingale Asset Management L P’s holdings in Spok were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Spok by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,026,201 shares of the Wireless communications provider’s stock valued at $16,368,000 after buying an additional 31,888 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in shares of Spok during the second quarter worth $196,000. Gladius Capital Management LP purchased a new position in Spok in the second quarter valued at $112,000. Hennion & Walsh Asset Management Inc. raised its stake in Spok by 11.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 38,621 shares of the Wireless communications provider’s stock valued at $572,000 after buying an additional 3,883 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Spok by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock worth $3,439,000 after buying an additional 2,303 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Spok Price Performance

Shares of SPOK opened at $16.54 on Wednesday. Spok Holdings, Inc. has a 1-year low of $13.24 and a 1-year high of $18.14. The stock has a market cap of $335.27 million, a PE ratio of 22.64 and a beta of 0.33. The firm has a fifty day moving average price of $15.57 and a 200 day moving average price of $15.26.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 18th will be given a $0.313 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.57%. Spok’s dividend payout ratio (DPR) is presently 171.23%.

Analyst Upgrades and Downgrades

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

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.