According to the most recent report that Allspring Global Investments Holdings LLC submitted to the SEC, during the third quarter of 2018, the company increased the proportion of its holdings in Spok Holdings, Inc. (NASDAQ: SPOK) by 60.6%. The institutional investor has a total of 36,300 shares of stock in the cellular communications carrier after making an additional purchase of 13,700 shares during the time frame in question. This brings the total number of shares they own to 36,300.
Allspring Global Investments Holdings LLC held approximately 0.18% of Spok at the end of the most recent reporting period, valued at approximately $277,000.
Recent transactions involving other significant investors involved the buying and selling business stock. These transactions took place recently.
AE Wealth Management LLC purchased a new investment in Spok at a total cost of approximately $79,000 during the third quarter of 2018.
In the first three months of 2018, Personal Capital Advisors Corporation made a 32.4% increase in the amount of Spoke stock that it owned, bringing its total percentage of ownership to 100%.
Personal Capital Advisors Corp. now has a total of 13,825 shares of the stock of the wireless communications provider after purchasing an additional 3,382 shares during the most recent quarter. The company’s stock is currently valued at a total of $110,000 due to the combined value of all of its shares.
Engineers Gate Manager LP increased the amount of Spok stock owned by 30.2% during the first three months of 2018. The most recent quarter saw Engineers Gate Manager LP acquire an additional 9,418 shares, bringing the total number of shares owned by the company in the wireless communications provider to 40,631, with a value of $324,000.
In the first three months of 2018, Invesco Ltd.
Made a 31.9% increase in Spoke stock, bringing its total ownership percentage to 100%.
Invesco Ltd. now has a total of 40,868 shares of the stock of the wireless communications provider, which are currently valued at $326,000 after the purchase of an additional 9,877 shares during the most recent quarter.
In addition, Invesco Ltd. recently purchased 40,868 shares of the company’s stock. Finally, during the second quarter, Prelude Capital Management LLC increased the percentage of Spok in which it was invested by 491.6%, bringing the total increase in its Spok holdings to 100%.
Prelude Capital Management LLC now has a total of 112,105 shares of the wireless communications provider after purchasing an additional 93,155 shares during the most recent quarter for a total investment of 112,105. The value of these shares at present is $370,000.
At present, institutions own a total of 45.34 percent of the equity in the company.
Spoke stock was trading at an average price of $8.31 per share on Thursday. The simple moving average of the company’s stock price over the past 50 days is $8.18, while the average price over the last 200 days is $7.67. The company’s market capitalization is currently valued at $163.74 million, its price-to-earnings ratio is currently sitting at -8.48, and its beta value is currently at 0.30. Spok Holdings, Inc. hit a low point over the past 52 weeks of $6.13, while the company reached a high point over the past 52 weeks of $10.14.
On Wednesday, October 26, Spok (NASDAQ: SPOK) disseminated its most recent quarterly results report for public consumption.
During the time frame under consideration, the wireless communications company produced earnings equivalent to $0.15 per share. Spoke had a return on equity that was positive by 0.11%, despite having a negative net margin of 14.02%. The company generated total revenue of $33.74 million during the period in question.
On December 8, Director Todd J. Stein purchased 6,137 company stock, as previously mentioned in other relevant news about this topic. The shares were acquired for a total cost of $48,482.30, which works out to a price of $7.90 per share on an average basis.
Because of the transaction, the director now has direct ownership of 165,807 shares of the company.
Based on the current market price, these shares have a value of approximately $1,309,875.30. The acquisition was reported in a document handed into the SEC, and that document is now available on the website of the SEC.
In related news, on November 17, Chief Executive Officer Vincent D. Kelly purchased 5,000 shares of the company’s stock. This information is relevant to the discussion we’ve been having. The cost of each share was $8.25, and the total amount paid for all of the shares came to an average of $41,250.00.
After the completion of the transaction, the CEO gained direct ownership of 277,898 company shares, which have a combined value of $2,284,408.50. The acquisition was reported in a document handed into the SEC, and that document is now available on the website of the SEC.
Additionally, on December 8, Director Todd J. Stein purchased an additional 6,137 shares of company stock. The overall cost of the shares was calculated to be $48,482.30, which works out to an average price of $7.90 per share.
After the completion of the transaction, the director will have a total of 165,807 shares in the company.
Based on the current market price, these shares will be worth approximately $1,309,875.30. The disclosure that relates to this transaction can be found at this location if you’re looking for it.
Individuals employed by the company hold 8.59% of the company’s shares.
Several equity research analysts were recently asked to provide their thoughts on the SPOK stock.
Lake Street Capital reaffirmed a “buy” rating on shares of Spok and set a price objective of $15.00 for the stock in a research report published on Monday, December 19. The company distributed the report. The Street raised Spoke’s rating from “d+” to “c-” in a research report issued on October 10 and published on the same day. StockNews.com shifted its recommendation for Spok from a “strong-buy” rating to a “buy” rating in a research report published on Thursday, January 5.
Spok Holdings, Inc.
Is a company that specializes in providing a wide range of different communication solutions to its clients.
In addition to providing solutions for public safety, we also provide mobile communications, clinical alerting and notification services, one-way and advanced two-way wireless message services, call center operations, and other mobile solutions. The current location of the company’s headquarters is in Alexandria, which is found in the state of Virginia. The company was established in 1965.