Meeder Asset Management Inc. trimmed its stake in shares of Spok Holdings Inc (NASDAQ:SPOK) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,145 shares of the Wireless communications provider’s stock after selling 1,550 shares during the quarter. Meeder Asset Management Inc. owned 0.09% of Spok worth $257,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Botty Investors LLC raised its stake in shares of Spok by 33.3% during the 2nd quarter. Botty Investors LLC now owns 2,805 shares of the Wireless communications provider’s stock valued at $42,000 after purchasing an additional 700 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Spok by 54,571.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 3,820 shares during the period. KBC Group NV bought a new stake in shares of Spok during the 2nd quarter valued at $68,000. Aperio Group LLC bought a new stake in shares of Spok during the 2nd quarter valued at $130,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of Spok during the 2nd quarter valued at $187,000. Institutional investors own 80.74% of the company’s stock.
In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total value of $153,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.51% of the stock is owned by corporate insiders.
Spok (NASDAQ:SPOK) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported ($0.03) earnings per share for the quarter. The business had revenue of $39.53 million during the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.22%.
Separately, BidaskClub lowered Spok from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th.
Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.
Further Reading: When can a hold rating present a buying opportunity?
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