Piermont Capital Management Inc. Has $1.28 Million Position in Spok Holdings, Inc. (SPOK)
Piermont Capital Management Inc. trimmed its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 20.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,366 shares of the Wireless communications provider’s stock after selling 18,763 shares during the period. Piermont Capital Management Inc. owned about 0.36% of Spok Holdings worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Great Lakes Advisors LLC acquired a new stake in Spok Holdings during the second quarter worth about $204,000. Thrivent Financial For Lutherans grew its holdings in Spok Holdings by 5.5% during the second quarter. Thrivent Financial For Lutherans now owns 12,380 shares of the Wireless communications provider’s stock worth $219,000 after acquiring an additional 650 shares during the period. Cigna Investments Inc. New acquired a new stake in Spok Holdings during the second quarter worth about $252,000. Texas Permanent School Fund grew its holdings in Spok Holdings by 0.9% during the second quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock worth $265,000 after acquiring an additional 128 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Spok Holdings by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock worth $434,000 after acquiring an additional 330 shares during the period. 87.42% of the stock is currently owned by hedge funds and other institutional investors.
In other Spok Holdings news, CEO Vincent D. Kelly sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $16.81, for a total transaction of $168,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.63% of the company’s stock.
Spok Holdings, Inc. (NASDAQ SPOK) opened at 15.05 on Monday. The stock has a market cap of $300.65 million, a P/E ratio of 32.79 and a beta of 0.64. Spok Holdings, Inc. has a 12 month low of $14.45 and a 12 month high of $22.60. The firm’s 50-day moving average price is $16.14 and its 200-day moving average price is $17.39.
Spok Holdings (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, July 26th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. Spok Holdings had a return on equity of 2.93% and a net margin of 5.44%. The firm had revenue of $42.33 million for the quarter. On average, analysts predict that Spok Holdings, Inc. will post $0.90 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.32%. The ex-dividend date was Wednesday, August 16th. Spok Holdings’s payout ratio is 108.70%.
Several research firms recently commented on SPOK. BidaskClub lowered Spok Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine lowered Spok Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 15th.
Spok Holdings Company Profile
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.
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