Hennion & Walsh Asset Management Inc. Boosts Stake in Spok Holdings, Inc. (NASDAQ:SPOK)

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,221 shares of the Wireless communications provider’s stock after purchasing an additional 12,471 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.25% of Spok worth $806,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Spok by 2,263.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock worth $2,988,000 after purchasing an additional 190,024 shares during the period. Sei Investments Co. bought a new position in shares of Spok during the second quarter worth $579,000. Kingsview Wealth Management LLC purchased a new position in Spok during the third quarter valued at $529,000. Magnetar Financial LLC bought a new stake in Spok in the 2nd quarter valued at $513,000. Finally, Quest Partners LLC purchased a new stake in Spok in the 3rd quarter worth $473,000. Institutional investors own 50.81% of the company’s stock.

Spok Trading Down 1.1 %

Spok stock opened at $15.92 on Monday. The firm has a market capitalization of $322.70 million, a PE ratio of 21.81 and a beta of 0.34. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $18.14. The firm has a 50-day moving average price of $16.25 and a 200-day moving average price of $15.56.

Spok Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were paid a dividend of $0.313 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.86%. Spok’s dividend payout ratio is 171.23%.

Wall Street Analyst Weigh In

SPOK has been the topic of several recent research reports. B. Riley initiated coverage on Spok in a report on Thursday, September 26th. They set a “neutral” rating and a $15.00 price objective on the stock. StockNews.com upgraded shares of Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

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.