Renaissance Technologies LLC lowered its position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 0.2% during the 4th quarter, HoldingsChannel reports. The firm owned 1,568,600 shares of the Wireless communications provider’s stock after selling 3,900 shares during the period. Renaissance Technologies LLC owned 0.08% of Spok worth $24,549,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Spok by 2.8% in the second quarter. State Street Corp now owns 666,329 shares of the Wireless communications provider’s stock worth $11,793,000 after buying an additional 18,294 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Spok by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 18,710 shares of the Wireless communications provider’s stock worth $331,000 after buying an additional 1,473 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Spok by 199.8% in the third quarter. BNP Paribas Arbitrage SA now owns 14,875 shares of the Wireless communications provider’s stock worth $228,000 after buying an additional 9,913 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Spok in the third quarter worth $138,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Spok by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 99,317 shares of the Wireless communications provider’s stock worth $1,558,000 after buying an additional 6,728 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
SPOK has been the topic of several research analyst reports. ValuEngine downgraded shares of Spok from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. BidaskClub downgraded shares of Spok from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th.
Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, February 28th. The Wireless communications provider reported $0.14 EPS for the quarter. The firm had revenue of $43.77 million for the quarter. Spok had a negative net margin of 8.94% and a positive return on equity of 2.88%.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, March 15th. Spok’s payout ratio is -64.93%.
Spok announced that its board has initiated a share buyback plan on Wednesday, February 28th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In related news, CEO Vincent D. Kelly sold 10,000 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $15.50, for a total transaction of $155,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.63% of the stock is owned by corporate insiders.
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Spok 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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