Citigroup Inc. cut its stake in shares of Spok Holdings Inc (NASDAQ:SPOK) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,018 shares of the Wireless communications provider’s stock after selling 1,670 shares during the quarter. Citigroup Inc. owned 0.06% of Spok worth $160,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. California Public Employees Retirement System grew its holdings in Spok by 2.0% during the 4th quarter. California Public Employees Retirement System now owns 38,538 shares of the Wireless communications provider’s stock worth $511,000 after acquiring an additional 745 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Spok by 6.1% during the 4th quarter. Arizona State Retirement System now owns 27,865 shares of the Wireless communications provider’s stock valued at $369,000 after acquiring an additional 1,614 shares during the period. Mackenzie Financial Corp raised its holdings in Spok by 15.7% during the fourth quarter. Mackenzie Financial Corp now owns 26,781 shares of the Wireless communications provider’s stock worth $355,000 after buying an additional 3,631 shares during the last quarter. SG Americas Securities LLC raised its holdings in Spok by 5.3% during the third quarter. SG Americas Securities LLC now owns 99,830 shares of the Wireless communications provider’s stock worth $1,537,000 after buying an additional 4,994 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in Spok during the fourth quarter worth $91,000. 81.35% of the stock is currently owned by institutional investors.
SPOK opened at $13.91 on Friday. Spok Holdings Inc has a fifty-two week low of $12.21 and a fifty-two week high of $15.85.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 24th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, May 23rd.
In related news, CEO Vincent D. Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $14.13, for a total value of $70,650.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.
Separately, BidaskClub downgraded shares of Spok from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st.
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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.
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