Royal Bank of Canada boosted its position in Spok Holdings, Inc. (NASDAQ:SPOK) by 38.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,004 shares of the Wireless communications provider’s stock after acquiring an additional 26,888 shares during the period. Royal Bank of Canada owned 0.48% of Spok Holdings worth $1,700,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SPOK. Hancock Holding Co. bought a new position in Spok Holdings in the second quarter valued at about $193,000. Great Lakes Advisors LLC bought a new position in Spok Holdings in the second quarter valued at about $204,000. Thrivent Financial For Lutherans boosted its holdings in Spok Holdings by 5.5% in the second quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock valued at $219,000 after acquiring an additional 650 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Spok Holdings by 13.1% in the second quarter. Voya Investment Management LLC now owns 12,459 shares of the Wireless communications provider’s stock valued at $221,000 after acquiring an additional 1,439 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in Spok Holdings in the second quarter valued at about $252,000. Institutional investors and hedge funds own 87.36% of the company’s stock.
Spok Holdings, Inc. (NASDAQ SPOK) opened at 16.95 on Tuesday. The company has a market cap of $338.61 million, a PE ratio of 36.93 and a beta of 0.62. Spok Holdings, Inc. has a one year low of $14.45 and a one year high of $22.60. The firm’s 50-day moving average price is $16.22 and its 200-day moving average price is $17.02.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.95%. Spok Holdings’s dividend payout ratio (DPR) is presently 111.11%.
Separately, BidaskClub upgraded Spok Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
In other Spok Holdings news, CEO Vincent D. Kelly sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $16.81, for a total value of $168,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.63% of the company’s stock.
About Spok Holdings
USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.
What are top analysts saying about Spok Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Spok Holdings Inc. and related companies.