Quantinno Capital Management LP Sells 66,576 Shares of Spok Holdings, Inc. $SPOK

Quantinno Capital Management LP decreased its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 71.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,150 shares of the Wireless communications provider’s stock after selling 66,576 shares during the quarter. Quantinno Capital Management LP owned approximately 0.13% of Spok worth $285,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Spok by 1.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,261,579 shares of the Wireless communications provider’s stock worth $13,751,000 after acquiring an additional 15,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in Spok by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,631 shares of the Wireless communications provider’s stock valued at $19,917,000 after acquiring an additional 6,095 shares during the period. Dimensional Fund Advisors LP grew its position in Spok by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 719,050 shares of the Wireless communications provider’s stock worth $12,404,000 after purchasing an additional 8,160 shares during the period. Goldman Sachs Group Inc. raised its position in Spok by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock valued at $8,575,000 after acquiring an additional 130,478 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Spok by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 224,053 shares of the Wireless communications provider’s stock worth $3,961,000 after buying an additional 24,991 shares in the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Spok Price Performance

Shares of SPOK stock opened at $10.31 on Monday. The company has a market capitalization of $215.69 million, a PE ratio of 17.78 and a beta of 0.48. The firm’s 50-day moving average is $10.70 and its two-hundred day moving average is $11.31. Spok Holdings, Inc. has a 12 month low of $9.95 and a 12 month high of $18.26.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $35.01 million during the quarter, compared to the consensus estimate of $34.30 million. Spok had a net margin of 9.00% and a return on equity of 8.50%. Sell-side analysts forecast that Spok Holdings, Inc. will post 0.66 EPS for the current year.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be given a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 12.1%. The ex-dividend date is Wednesday, August 19th. Spok’s dividend payout ratio is presently 215.52%.

Analysts Set New Price Targets

SPOK has been the subject of several research reports. Wall Street Zen upgraded Spok from a “sell” rating to a “hold” rating in a research note on Sunday, July 5th. Weiss Ratings upgraded Spok from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.00.

Insider Transactions at Spok

In other Spok news, Director Christine Cournoyer sold 8,320 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $11.28, for a total transaction of $93,849.60. Following the completion of the sale, the director owned 16,261 shares of the company’s stock, valued at $183,424.08. This trade represents a 33.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.28% of the stock is currently owned by company insiders.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.