GSA Capital Partners LLP Sells 112,523 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

GSA Capital Partners LLP lowered its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) by 76.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,324 shares of the Wireless communications provider's stock after selling 112,523 shares during the quarter. GSA Capital Partners LLP owned 0.17% of Spok worth $517,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. nVerses Capital LLC purchased a new position in shares of Spok during the 3rd quarter valued at $27,000. Redhawk Wealth Advisors Inc. lifted its position in shares of Spok by 10.6% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider's stock valued at $220,000 after buying an additional 1,408 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Spok during the 3rd quarter valued at $116,000. Sanctuary Advisors LLC purchased a new position in shares of Spok during the 2nd quarter valued at $372,000. Finally, Magnetar Financial LLC purchased a new position in shares of Spok during the 2nd quarter valued at $513,000. Institutional investors own 50.81% of the company's stock.

Spok Trading Up 0.1 %

Shares of SPOK traded up $0.01 during trading hours on Wednesday, reaching $15.96. 91,172 shares of the company's stock traded hands, compared to its average volume of 131,211. The firm's 50 day simple moving average is $15.40 and its 200-day simple moving average is $15.18. The stock has a market cap of $323.51 million, a PE ratio of 21.86 and a beta of 0.33. 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 announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 18th will be given a $0.313 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.25 annualized dividend and a yield of 7.84%. Spok's dividend payout ratio (DPR) is presently 171.23%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Spok from a "hold" rating to a "buy" rating in a report on Friday, October 25th. B. Riley began coverage on shares of Spok in a research note on Thursday, September 26th. They set a "neutral" rating and a $15.00 price objective for the company.

About Spok

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.