GSA Capital Partners LLP Purchases 35,390 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

GSA Capital Partners LLP boosted its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 51.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,258 shares of the Wireless communications provider’s stock after acquiring an additional 35,390 shares during the quarter. GSA Capital Partners LLP owned 0.51% of Spok worth $1,663,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPOK. BNP Paribas Financial Markets lifted its stake in Spok by 82.8% in the 1st quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock valued at $137,000 after purchasing an additional 3,884 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Spok during the 1st quarter worth approximately $170,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Spok by 61.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 34,738 shares of the Wireless communications provider’s stock worth $554,000 after acquiring an additional 13,245 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Spok during the 4th quarter worth approximately $126,000. Finally, Tower Research Capital LLC TRC boosted its position in Spok by 439.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,913 shares of the Wireless communications provider’s stock worth $76,000 after purchasing an additional 4,003 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th.

Insiders Place Their Bets

In other news, Director Barbara Peterson Byrne sold 5,955 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $15.18, for a total transaction of $90,396.90. Following the transaction, the director now directly owns 30,473 shares of the company’s stock, valued at $462,580.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.88% of the company’s stock.

Spok Price Performance

SPOK stock remained flat at $15.02 during mid-day trading on Wednesday. 11,838 shares of the company’s stock traded hands, compared to its average volume of 140,082. Spok Holdings, Inc. has a 1 year low of $10.46 and a 1 year high of $18.14. The firm has a market cap of $304.16 million, a PE ratio of 18.10 and a beta of 0.35. The business has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $15.70.

Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share for the quarter. Spok had a return on equity of 10.23% and a net margin of 11.93%. The company had revenue of $34.91 million for the quarter.

Spok Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 24th were given a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date of this dividend was Thursday, May 23rd. Spok’s dividend payout ratio is 150.60%.

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.