Thompson Davis & CO. Inc. Purchases Shares of 10,800 Spok Holdings, Inc. (NASDAQ:SPOK)

Thompson Davis & CO. Inc. acquired a new position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,800 shares of the Wireless communications provider’s stock, valued at approximately $167,000. Thompson Davis & CO. Inc. owned about 0.05% of Spok at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Spok by 162.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,015 shares of the Wireless communications provider’s stock worth $72,000 after buying an additional 3,105 shares during the last quarter. Corton Capital Inc. acquired a new position in shares of Spok in the 3rd quarter valued at $149,000. SG Americas Securities LLC purchased a new position in Spok during the 3rd quarter worth $174,000. Natixis Advisors L.P. acquired a new position in Spok in the third quarter valued at $225,000. Finally, Significant Wealth Partners LLC purchased a new stake in shares of Spok in the fourth quarter valued at about $365,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Price Performance

Shares of SPOK stock traded down $0.35 during midday trading on Tuesday, hitting $15.45. The company had a trading volume of 101,583 shares, compared to its average volume of 145,094. Spok Holdings, Inc. has a 52-week low of $10.46 and a 52-week high of $18.14. The company’s 50 day simple moving average is $16.29 and its 200 day simple moving average is $15.93. The stock has a market cap of $311.16 million, a price-to-earnings ratio of 20.07 and a beta of 0.26.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, February 21st. The Wireless communications provider reported $0.17 EPS for the quarter. Spok had a net margin of 11.27% and a return on equity of 9.43%. The firm had revenue of $33.95 million during the quarter.

Spok Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a yield of 8.10%. This is an increase from Spok’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, March 14th. Spok’s payout ratio is presently 162.34%.

Insider Buying and Selling at Spok

In other Spok news, Director Todd J. Stein sold 25,927 shares of Spok stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.92, for a total transaction of $464,611.84. Following the completion of the transaction, the director now owns 696,637 shares in the company, valued at $12,483,735.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.88% of the stock is owned by corporate insiders.

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.