Inspire Investing LLC Buys Shares of 49,914 Spok Holdings, Inc. (NASDAQ:SPOK)

Inspire Investing LLC bought a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,914 shares of the Wireless communications provider’s stock, valued at approximately $801,000. Inspire Investing LLC owned 0.25% of Spok as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in Spok by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider’s stock valued at $10,141,000 after acquiring an additional 27,048 shares during the period. Geode Capital Management LLC lifted its stake in shares of Spok by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 507,836 shares of the Wireless communications provider’s stock worth $7,649,000 after purchasing an additional 23,367 shares during the period. Foundry Partners LLC lifted its stake in shares of Spok by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock worth $6,585,000 after purchasing an additional 4,120 shares during the period. State Street Corp lifted its stake in shares of Spok by 3.1% in the 3rd quarter. State Street Corp now owns 415,876 shares of the Wireless communications provider’s stock worth $6,263,000 after purchasing an additional 12,467 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Spok by 2,263.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock worth $2,988,000 after purchasing an additional 190,024 shares during the period. Institutional investors own 50.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

Spok Stock Up 1.7 %

Shares of NASDAQ:SPOK opened at $16.38 on Friday. The firm’s 50 day moving average price is $16.17 and its 200-day moving average price is $15.59. Spok Holdings, Inc. has a twelve month low of $13.24 and a twelve month high of $18.14. The stock has a market capitalization of $332.02 million, a PE ratio of 22.44 and a beta of 0.34.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, October 30th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $34.87 million for the quarter, compared to analysts’ expectations of $34.30 million. During the same quarter last year, the business earned $0.22 EPS. 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 was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date was Monday, November 18th. Spok’s payout ratio is 171.23%.

Spok Company 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.