Spok Holdings, Inc. (NASDAQ:SPOK) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its stake in Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 133.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,241 shares of the Wireless communications provider's stock after acquiring an additional 60,256 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.52% of Spok worth $1,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SPOK. Quest Partners LLC purchased a new position in shares of Spok in the 3rd quarter valued at $473,000. Foundry Partners LLC grew 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 worth $6,585,000 after buying an additional 4,120 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in Spok during the 3rd quarter worth $529,000. Larson Financial Group LLC purchased a new position in Spok during the 3rd quarter worth $26,000. Finally, Truvestments Capital LLC grew its stake in Spok by 17.2% during the 3rd quarter. Truvestments Capital LLC now owns 155,965 shares of the Wireless communications provider's stock worth $2,349,000 after buying an additional 22,925 shares during the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Spok Stock Performance

SPOK stock traded down $0.02 on Friday, hitting $15.89. 137,962 shares of the company's stock were exchanged, compared to its average volume of 116,681. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $17.96. The firm has a 50 day moving average price of $16.33 and a two-hundred day moving average price of $15.91. The stock has a market cap of $324.46 million, a P/E ratio of 21.77 and a beta of 0.29.

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Spok (NASDAQ:SPOK - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $33.89 million for the quarter, compared to analyst estimates of $35.50 million. Sell-side analysts expect that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.3125 per share. 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 dividend payout ratio is currently 168.92%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SPOK shares. StockNews.com upgraded Spok from a "buy" rating to a "strong-buy" rating in a research note 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 note 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.