Barclays PLC Boosts Position in Spok Holdings, Inc. (NASDAQ:SPOK)

Barclays PLC raised its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 273.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,078 shares of the Wireless communications provider's stock after buying an additional 17,637 shares during the quarter. Barclays PLC owned about 0.12% of Spok worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SPOK. BNP Paribas Financial Markets lifted its position in Spok by 18.9% during the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider's stock valued at $58,000 after purchasing an additional 609 shares during the last quarter. FMR LLC lifted its position in Spok by 39.9% during the third quarter. FMR LLC now owns 14,479 shares of the Wireless communications provider's stock valued at $218,000 after purchasing an additional 4,130 shares during the last quarter. Magnetar Financial LLC bought a new position in Spok during the second quarter valued at $513,000. Kingsview Wealth Management LLC bought a new position in Spok during the third quarter valued at $529,000. Finally, Geode Capital Management LLC lifted its position in Spok by 4.8% during the third quarter. Geode Capital Management LLC now owns 507,836 shares of the Wireless communications provider's stock valued at $7,649,000 after purchasing an additional 23,367 shares during the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. B. Riley began coverage on shares of Spok in a research report on Thursday, September 26th. They set a "neutral" rating and a $15.00 price objective for the company. StockNews.com upgraded shares of Spok from a "hold" rating to a "buy" rating in a report on Friday, October 25th.

Spok Price Performance

Shares of Spok stock traded down $0.17 during trading on Monday, hitting $15.92. The stock had a trading volume of 100,949 shares, compared to its average volume of 84,710. The firm's fifty day simple moving average is $16.25 and its 200-day simple moving average is $15.56. The stock has a market cap of $322.73 million, a PE ratio of 21.81 and a beta of 0.34. Spok Holdings, Inc. has a 12 month low of $13.24 and a 12 month high of $18.14.

Spok Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were paid a $0.313 dividend. This represents a $1.25 annualized dividend and a yield of 7.86%. The ex-dividend date of this dividend was Monday, November 18th. Spok's dividend payout ratio is presently 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.