CSM Advisors LLC Invests $6.18 Million in Spok Holdings, Inc. $SPOK

CSM Advisors LLC purchased a new position in shares of Spok Holdings, Inc. (NASDAQ:SPOK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 349,185 shares of the Wireless communications provider’s stock, valued at approximately $6,175,000.

Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in shares of Spok in the 1st quarter valued at approximately $265,000. Kingstone Capital Partners Texas LLC purchased a new position in Spok in the second quarter worth $197,634,000. Trexquant Investment LP lifted its holdings in Spok by 34.6% in the first quarter. Trexquant Investment LP now owns 143,346 shares of the Wireless communications provider’s stock valued at $2,357,000 after acquiring an additional 36,879 shares during the period. CWM LLC boosted its position in shares of Spok by 309.2% during the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 1,317 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Spok by 2.0% during the 1st quarter. Acadian Asset Management LLC now owns 376,932 shares of the Wireless communications provider’s stock worth $6,195,000 after purchasing an additional 7,301 shares during the period. 50.81% of the stock is owned by hedge funds and other institutional investors.

Spok Trading Up 1.1%

Shares of SPOK opened at $13.44 on Monday. Spok Holdings, Inc. has a 12-month low of $13.24 and a 12-month high of $19.31. The stock has a market cap of $276.84 million, a P/E ratio of 16.80 and a beta of 0.46. The company has a 50-day moving average of $16.37 and a two-hundred day moving average of $16.84.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, October 29th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Spok had a net margin of 11.88% and a return on equity of 10.88%. The business had revenue of $33.87 million during the quarter, compared to analyst estimates of $35.90 million. Spok has set its FY 2025 guidance at EPS. As a group, analysts forecast that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.25 annualized dividend and a yield of 9.3%. Spok’s dividend payout ratio (DPR) is presently 156.25%.

Analysts Set New Price Targets

Several analysts recently commented on SPOK shares. Wall Street Zen cut shares of Spok from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Spok in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of $20.00.

Insiders Place Their Bets

In other news, CEO Vincent D. Kelly sold 25,000 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $17.69, for a total value of $442,250.00. Following the sale, the chief executive officer directly owned 102,817 shares in the company, valued at $1,818,832.73. This represents a 19.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael W. Wallace sold 10,806 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $17.87, for a total value of $193,103.22. Following the sale, the chief operating officer directly owned 40,369 shares in the company, valued at approximately $721,394.03. The trade was a 21.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 7.37% of the company’s stock.

Spok 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.