Truvestments Capital LLC Increases Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Truvestments Capital LLC increased its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 17.2% in the third quarter, HoldingsChannel.com reports. The fund owned 155,965 shares of the Wireless communications provider’s stock after buying an additional 22,925 shares during the period. Truvestments Capital LLC’s holdings in Spok were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPOK. Vanguard Group Inc. lifted its holdings in shares of Spok by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,026,201 shares of the Wireless communications provider’s stock worth $16,368,000 after purchasing an additional 31,888 shares during the period. Renaissance Technologies LLC raised its position in Spok by 2.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,014,722 shares of the Wireless communications provider’s stock worth $15,028,000 after buying an additional 21,500 shares during the last quarter. Foundry Partners LLC lifted its stake in Spok by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock valued at $6,585,000 after acquiring an additional 4,120 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Spok by 58.9% in the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock valued at $4,752,000 after acquiring an additional 119,102 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Spok by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 232,210 shares of the Wireless communications provider’s stock valued at $3,439,000 after acquiring an additional 2,303 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on SPOK shares. B. Riley started coverage on shares of Spok in a report on Thursday, September 26th. They set a “neutral” rating and a $15.00 target price for the company. StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

Spok Trading Up 1.1 %

Shares of NASDAQ:SPOK opened at $16.22 on Monday. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The business has a 50 day moving average of $15.44 and a two-hundred day moving average of $15.20. The company has a market capitalization of $328.78 million, a PE ratio of 22.22 and a beta of 0.33.

Spok Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a dividend yield of 7.72%. The ex-dividend date of this dividend is Monday, November 18th. Spok’s dividend payout ratio (DPR) is 171.23%.

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.