Kingsview Wealth Management LLC Invests $529,000 in Spok Holdings, Inc. (NASDAQ:SPOK)

Kingsview Wealth Management LLC acquired a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 35,100 shares of the Wireless communications provider's stock, valued at approximately $529,000. Kingsview Wealth Management LLC owned 0.17% of Spok at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Magnetar Financial LLC bought a new position in Spok in the 2nd quarter worth $513,000. Acadian Asset Management LLC lifted its holdings in shares of Spok by 58.9% in the 2nd quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider's stock valued at $4,752,000 after acquiring an additional 119,102 shares during the last quarter. Bailard Inc. boosted its holdings in shares of Spok by 17.6% in the 2nd quarter. Bailard Inc. now owns 17,317 shares of the Wireless communications provider's stock worth $256,000 after purchasing an additional 2,592 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in shares of Spok during the 2nd quarter worth about $196,000. Finally, Sei Investments Co. bought a new position in Spok during the 2nd quarter valued at about $579,000. Institutional investors own 50.81% of the company's stock.

Spok Price Performance

Shares of NASDAQ:SPOK traded up $0.10 during trading on Thursday, reaching $16.47. 90,481 shares of the company were exchanged, compared to its average volume of 130,418. The business's fifty day simple moving average is $15.50 and its 200-day simple moving average is $15.23. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The firm has a market capitalization of $333.85 million, a PE ratio of 22.56 and a beta of 0.33.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be given a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date is Monday, November 18th. Spok's dividend payout ratio (DPR) is presently 171.23%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPOK. StockNews.com upgraded Spok from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. B. Riley assumed coverage on Spok in a research note on Thursday, September 26th. They issued a "neutral" rating and a $15.00 target price on the stock.

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.