Spok Holdings, Inc. (NASDAQ:SPOK) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Spok Holdings, Inc. (NASDAQ:SPOK) by 133.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 105,241 shares of the Wireless communications provider’s stock after purchasing an additional 60,256 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Spok were worth $1,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Spok by 18.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,837 shares of the Wireless communications provider’s stock worth $58,000 after purchasing an additional 609 shares during the period. Sanctuary Advisors LLC grew its stake in Spok by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 27,269 shares of the Wireless communications provider’s stock worth $439,000 after buying an additional 1,271 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Spok in the third quarter worth $26,000. Martingale Asset Management L P lifted its stake in Spok by 13.6% in the third quarter. Martingale Asset Management L P now owns 19,169 shares of the Wireless communications provider’s stock valued at $289,000 after buying an additional 2,302 shares during the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of Spok by 1.0% during the third quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock valued at $6,585,000 after acquiring an additional 4,120 shares during the period. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPOK. StockNews.com cut shares of Spok from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. B. Riley upgraded shares of Spok from a “neutral” rating to a “buy” rating and raised their price target for the company from $15.00 to $20.00 in a research note on Thursday, February 27th.

Spok Stock Performance

Shares of SPOK stock opened at $15.98 on Thursday. Spok Holdings, Inc. has a 1 year low of $13.24 and a 1 year high of $17.96. The firm has a market capitalization of $326.30 million, a PE ratio of 21.89 and a beta of 0.29. The stock has a fifty day moving average of $16.32 and a two-hundred day moving average of $15.89.

Spok (NASDAQ:SPOK) last posted its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $33.89 million during the quarter, compared to analyst estimates of $35.50 million. Spok had a return on equity of 9.20% and a net margin of 10.66%. Equities research analysts predict that Spok Holdings, Inc. will post 0.76 earnings per share for the current fiscal year.

Spok Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.82%. Spok’s dividend payout ratio is presently 168.92%.

About Spok

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.