Barclays PLC Buys 17,637 Shares of Spok Holdings, Inc. (NASDAQ:SPOK)

Barclays PLC increased its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 273.8% in the third quarter, Holdings Channel.com reports. The fund owned 24,078 shares of the Wireless communications provider’s stock after purchasing an additional 17,637 shares during the period. Barclays PLC’s holdings in Spok were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPOK. Larson Financial Group LLC purchased a new stake in Spok during the third quarter valued at $26,000. nVerses Capital LLC purchased a new stake in Spok during the third quarter valued at $27,000. BNP Paribas Financial Markets raised its stake in Spok by 18.9% during the third quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 609 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Spok during the third quarter valued at $116,000. Finally, Principal Financial Group Inc. raised its stake in Spok by 9.0% during the second quarter. Principal Financial Group Inc. now owns 11,640 shares of the Wireless communications provider’s stock valued at $172,000 after purchasing an additional 959 shares in the last quarter. Institutional investors own 50.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPOK. B. Riley began coverage on shares of Spok in a research note on Thursday, September 26th. They issued a “neutral” rating and a $15.00 target price on the stock. StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research note on Friday, October 25th.

Spok Trading Up 0.7 %

Shares of SPOK opened at $16.03 on Friday. Spok Holdings, Inc. has a twelve month low of $13.24 and a twelve month high of $18.14. The company has a market cap of $324.96 million, a P/E ratio of 21.96 and a beta of 0.34. The company’s fifty day simple moving average is $16.26 and its 200-day simple moving average is $15.47.

Spok Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were paid a $0.313 dividend. This represents a $1.25 annualized dividend and a dividend yield of 7.81%. The ex-dividend date of this dividend was Monday, November 18th. Spok’s dividend payout ratio is currently 171.23%.

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. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.