Live Oak Bancshares, Inc. (NASDAQ:LOB) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Live Oak Bancshares, Inc. (NASDAQ:LOB - Free Report) by 4,595.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,438 shares of the bank's stock after purchasing an additional 9,237 shares during the quarter. GAMMA Investing LLC's holdings in Live Oak Bancshares were worth $252,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Live Oak Bancshares by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 2,631,256 shares of the bank's stock valued at $104,066,000 after buying an additional 10,213 shares during the period. Capital International Investors grew its position in Live Oak Bancshares by 75.8% in the 4th quarter. Capital International Investors now owns 2,041,706 shares of the bank's stock valued at $80,749,000 after acquiring an additional 880,530 shares in the last quarter. Southernsun Asset Management LLC increased its stake in Live Oak Bancshares by 10.3% during the fourth quarter. Southernsun Asset Management LLC now owns 796,720 shares of the bank's stock worth $31,510,000 after purchasing an additional 74,193 shares during the period. Northern Trust Corp lifted its position in shares of Live Oak Bancshares by 3.2% during the fourth quarter. Northern Trust Corp now owns 314,325 shares of the bank's stock worth $12,432,000 after purchasing an additional 9,661 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Live Oak Bancshares by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,002 shares of the bank's stock worth $11,232,000 after purchasing an additional 5,181 shares in the last quarter. Institutional investors and hedge funds own 63.95% of the company's stock.

Analyst Ratings Changes

LOB has been the topic of several recent research reports. Wall Street Zen downgraded shares of Live Oak Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. Keefe, Bruyette & Woods cut their price objective on Live Oak Bancshares from $36.00 to $34.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $42.25.

Insider Transactions at Live Oak Bancshares

In other Live Oak Bancshares news, Director William Henderson Cameron bought 5,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $25.92 per share, with a total value of $129,600.00. Following the transaction, the director now owns 11,904 shares of the company's stock, valued at approximately $308,551.68. The trade was a 72.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.40% of the company's stock.

Live Oak Bancshares Stock Up 0.2%

Shares of NASDAQ:LOB opened at $28.03 on Friday. Live Oak Bancshares, Inc. has a fifty-two week low of $22.68 and a fifty-two week high of $50.57. The firm's 50 day moving average price is $27.01 and its 200 day moving average price is $31.70. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 19.33 and a beta of 1.85.

Live Oak Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, June 3rd were issued a $0.03 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. Live Oak Bancshares's payout ratio is 9.23%.

Live Oak Bancshares Profile

Live Oak Bancshares, Inc operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits.

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