AlphaQuest LLC Has $99,000 Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)

AlphaQuest LLC decreased its holdings in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 80.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,167 shares of the Wireless communications provider's stock after selling 25,208 shares during the quarter. AlphaQuest LLC's holdings in Spok were worth $99,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of Spok during the third quarter worth $473,000. Foundry Partners LLC raised its position in shares of Spok by 1.0% during the third quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider's stock worth $6,585,000 after acquiring an additional 4,120 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Spok during the third quarter worth $529,000. Larson Financial Group LLC bought a new stake in shares of Spok during the third quarter worth $26,000. Finally, Truvestments Capital LLC raised its position in shares of Spok by 17.2% during the third quarter. Truvestments Capital LLC now owns 155,965 shares of the Wireless communications provider's stock worth $2,349,000 after acquiring an additional 22,925 shares during the last quarter. Institutional investors own 50.81% of the company's stock.

Spok Stock Down 0.1 %

Shares of Spok stock traded down $0.02 during trading on Friday, reaching $15.89. 137,962 shares of the company were exchanged, compared to its average volume of 116,658. Spok Holdings, Inc. has a twelve month low of $13.24 and a twelve month high of $17.96. The business has a 50-day moving average price of $16.33 and a 200-day moving average price of $15.90. The firm has a market capitalization of $324.46 million, a price-to-earnings ratio of 21.77 and a beta of 0.29.

Remove Ads

Spok (NASDAQ:SPOK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Spok had a return on equity of 9.20% and a net margin of 10.66%. The company had revenue of $33.89 million for the quarter, compared to analyst estimates of $35.50 million. On average, equities research analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a yield of 7.87%. Spok's payout ratio is 168.92%.

Analyst Upgrades and Downgrades

SPOK has been the subject of a number of recent research reports. StockNews.com upgraded Spok from a "buy" rating to a "strong-buy" rating in a research report on Friday. B. Riley upgraded Spok from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $15.00 to $20.00 in a research report on Thursday, February 27th.

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.