Quest Partners LLC acquired a new stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 31,375 shares of the Wireless communications provider's stock, valued at approximately $473,000. Quest Partners LLC owned about 0.15% of Spok as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. nVerses Capital LLC purchased a new position in shares of Spok during the third quarter valued at approximately $27,000. Redhawk Wealth Advisors Inc. grew its position in Spok by 10.6% during the third 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 period. SG Americas Securities LLC bought a new stake in Spok during the third quarter valued at approximately $116,000. Sanctuary Advisors LLC bought a new stake in Spok during the second quarter valued at approximately $372,000. Finally, Magnetar Financial LLC bought a new stake in Spok during the second quarter valued at approximately $513,000. 50.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
SPOK has been the subject of several recent research reports. B. Riley initiated coverage on shares of Spok in a research report on Thursday, September 26th. They set a "neutral" rating and a $15.00 target price for the company. StockNews.com upgraded shares of Spok from a "hold" rating to a "buy" rating in a research report on Friday, October 25th.
Check Out Our Latest Research Report on SPOK
Spok Trading Up 1.1 %
Shares of NASDAQ:SPOK traded up $0.17 during midday trading on Friday, reaching $16.22. 92,794 shares of the company were exchanged, compared to its average volume of 125,819. The stock has a market cap of $328.78 million, a PE ratio of 22.22 and a beta of 0.33. The business's fifty day moving average is $15.44 and its two-hundred day moving average is $15.20. Spok Holdings, Inc. has a one year low of $13.24 and a one year high of $18.14.
Spok Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, November 18th will be paid a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend is Monday, November 18th. Spok's payout ratio is 171.23%.
About Spok
(
Free Report)
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.
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