The Manufacturers Life Insurance Company Increases Holdings in Spok Holdings, Inc. (NASDAQ:SPOK)


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The Manufacturers Life Insurance Company raised its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,786 shares of the Wireless communications provider’s stock after acquiring an additional 2,396 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Spok worth $176,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Citigroup Inc. boosted its stake in Spok by 158.6% in the 4th quarter. Citigroup Inc. now owns 5,184 shares of the Wireless communications provider’s stock worth $57,000 after purchasing an additional 3,179 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Spok by 5.2% during the third quarter. California Public Employees Retirement System now owns 40,704 shares of the Wireless communications provider’s stock valued at $387,000 after acquiring an additional 2,000 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Spok by 4.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 40,941 shares of the Wireless communications provider’s stock valued at $456,000 after acquiring an additional 1,872 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Spok by 48.8% during the fourth quarter. Panagora Asset Management Inc. now owns 42,345 shares of the Wireless communications provider’s stock valued at $471,000 after buying an additional 13,892 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Spok in the fourth quarter worth approximately $566,000. Hedge funds and other institutional investors own 76.65% of the company’s stock.

SPOK opened at $10.87 on Friday. Spok Holdings, Inc. has a 12-month low of $8.61 and a 12-month high of $12.86. The company’s 50 day moving average is $10.87 and its 200 day moving average is $10.64. The company has a market cap of $210.54 million, a price-to-earnings ratio of -28.61 and a beta of 0.29.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, February 17th. The Wireless communications provider reported ($1.13) EPS for the quarter. The business had revenue of $37.48 million for the quarter. Spok had a negative net margin of 4.74% and a positive return on equity of 0.68%.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 16th were issued a $0.125 dividend. The ex-dividend date was Monday, March 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.60%.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It offers Spok Healthcare Console that helps operators perform directory searches and code calls, as well as messaging and paging; Spok Web-Based Directory that enables staff to send messages from the directory; Spok Web-Based On-Call Scheduling, which keeps personnel, calendars, and on-call scheduling information updated; Spok Speech to process routine phone requests, including transfers, directory assistance, messaging, and paging; and Spok Call Recording and Quality Management, which records, monitors, and scores operators' conversations.

Further Reading: Earnings Per Share

Institutional Ownership by Quarter for Spok (NASDAQ:SPOK)

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