Allspring Global Investments Holdings LLC Reduces Stakes in Spok Holdings, Inc. (NASDAQ:SPOK)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK – Free Report) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,986 shares of the Wireless communications provider’s stock after selling 4,787 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.41% of Spok worth $1,244,000 at the end of the most recent quarter.

Other institutional investors have added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in Spok in the first quarter valued at approximately $3,759,000. Truvestments Capital LLC bought a new stake in shares of Spok in the first quarter valued at $1,868,000. Janney Montgomery Scott LLC purchased a new position in shares of Spok during the 4th quarter valued at $681,000. GSA Capital Partners LLP boosted its holdings in Spok by 51.4% in the first quarter. GSA Capital Partners LLP now owns 104,258 shares of the Wireless communications provider’s stock worth $1,663,000 after buying an additional 35,390 shares during the period. Finally, Vanguard Group Inc. raised its stake in Spok by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,026,201 shares of the Wireless communications provider’s stock worth $16,368,000 after buying an additional 31,888 shares in the last quarter. 50.81% of the shares are currently owned by institutional investors.

Analyst upgrades and downgrades

Separately, StockNews.com raised Spok from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd.

See the latest stock report on Spok

Spok price performance

Shares of SPOK stock opened at $14.74 on Thursday. Spoke Holdings, Inc. has a one year low of $13.20 and a one year high of $18.14. The company has a 50 day simple moving average of $15.21 and a two hundred day simple moving average of $15.50. The firm has a market cap of $298.43 million, a P/E ratio of 17.76 and a beta of 0.35.

Spok (NASDAQ:SPOK – Get Your Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The wireless communications provider reported $0.17 earnings per share (EPS) for the quarter. Spok had a net margin of 11.19% and a return on equity of 9.56%. The company had revenue of $33.98 million for the quarter.

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Monday, August 19th will be given a dividend of $0.313 per share. This represents a dividend of $1.25 on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend is Monday, August 19. Spok’s payout ratio is currently 150.60%.

Insider buying and selling at Spok

In other news, COO Michael W. Wallace sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total transaction of $370,000.00. Following the sale, the chief operating officer now directly owns 49,465 shares of the company’s stock, valued at approximately $732,082. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, COO Michael W. Wallace sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the sale, the chief operating officer now directly owns 49,465 shares in the company, valued at approximately $732,082. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Also, CEO Vincent D. Kelly sold 45,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the completion of the transaction, the chief executive officer now directly owns 201,645 shares of the company’s stock, valued at approximately $2,990,395.35. The disclosure for this sale can be found here. 11.88% of shares are currently owned by company insiders.

About Spock

(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 improve workflows for clinicians and support administrative compliance. Provides clinical information to care teams when and where it matters to improve patient outcomes; and offers the GenA Pager, a one-way alphanumeric pager.

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