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

Inspire Investing LLC purchased a new position in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 49,914 shares of the Wireless communications provider's stock, valued at approximately $801,000. Inspire Investing LLC owned approximately 0.25% of Spok as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SPOK. JPMorgan Chase & Co. increased its holdings in shares of Spok by 2,263.5% during the third quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider's stock valued at $2,988,000 after acquiring an additional 190,024 shares in the last quarter. Sei Investments Co. bought a new stake in Spok during the 2nd quarter valued at $579,000. Kingsview Wealth Management LLC bought a new stake in Spok during the 3rd quarter valued at $529,000. Quest Partners LLC acquired a new position in Spok during the third quarter worth $473,000. Finally, HighTower Advisors LLC lifted its stake in shares of Spok by 4.2% in the third quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider's stock valued at $10,141,000 after buying an additional 27,048 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company's stock.

Analysts Set New Price Targets

Separately, 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 up $0.27 during trading hours on Friday, reaching $16.38. The company had a trading volume of 80,965 shares, compared to its average volume of 70,213. The business has a fifty day simple moving average of $16.17 and a 200-day simple moving average of $15.59. Spok Holdings, Inc. has a 12 month low of $13.24 and a 12 month high of $18.14. The company has a market cap of $332.06 million, a price-to-earnings ratio of 22.44 and a beta of 0.34.

Spok (NASDAQ:SPOK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $34.87 million for the quarter, compared to the consensus estimate of $34.30 million. Spok had a net margin of 10.66% and a return on equity of 9.20%. During the same period in the previous year, the firm earned $0.22 EPS. On average, equities research analysts expect that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were given a dividend of $0.313 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.25 annualized dividend and a dividend yield of 7.64%. Spok's dividend payout ratio is currently 171.23%.

Spok 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.