Wells Fargo & Company MN Has $278,000 Holdings in Spok Holdings, Inc. (SPOK)

Wells Fargo & Company MN decreased its stake in Spok Holdings, Inc. (NASDAQ:SPOK) by 88.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,760 shares of the Wireless communications provider’s stock after selling 116,539 shares during the quarter. Wells Fargo & Company MN owned 0.08% of Spok Holdings worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new position in Spok Holdings in the second quarter valued at about $204,000. Cigna Investments Inc. New acquired a new position in Spok Holdings in the second quarter valued at about $252,000. Texas Permanent School Fund lifted its stake in Spok Holdings by 0.9% in the second quarter. Texas Permanent School Fund now owns 14,993 shares of the Wireless communications provider’s stock valued at $265,000 after buying an additional 128 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in Spok Holdings by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,510 shares of the Wireless communications provider’s stock valued at $434,000 after buying an additional 330 shares during the period. Finally, Great West Life Assurance Co. Can lifted its stake in Spok Holdings by 8.8% in the second quarter. Great West Life Assurance Co. Can now owns 37,141 shares of the Wireless communications provider’s stock valued at $657,000 after buying an additional 3,000 shares during the period. 86.93% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $16.81, for a total transaction of $168,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tom Saine sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $17.30, for a total value of $51,900.00. Following the sale, the insider now directly owns 43,924 shares in the company, valued at approximately $759,885.20. The disclosure for this sale can be found here. Corporate insiders own 1.63% of the company’s stock.

Spok Holdings, Inc. (SPOK) opened at $17.10 on Friday. Spok Holdings, Inc. has a one year low of $14.45 and a one year high of $22.60. The firm has a market capitalization of $338.72, a PE ratio of 37.56 and a beta of 0.59.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 16th. Spok Holdings’s payout ratio is 111.11%.

Separately, BidaskClub lowered Spok Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.

About Spok Holdings

USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.

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Institutional Ownership by Quarter for Spok Holdings (NASDAQ:SPOK)

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