Live Oak Bancshares Inc.’s recently made public that its Director Cameron William Henderson acquired Company’s shares for reported $97489.0 on Jun 12. In the deal valued at $24.37 per share,4,000 shares were bought. As a result of this transaction, Cameron William Henderson now holds 171,217 shares worth roughly $ 5.53 million.
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Then, LUCHT DAVID G bought 5,000 shares, generating $100,122 in total proceeds. Upon buying the shares at $20.02, the Director now owns 20,739 shares.
Before that, Cameron William Henderson bought 1,000 shares. Live Oak Bancshares Inc. shares valued at $30,445 were divested by the Director at a price of $30.45 per share. As a result of the transaction, Cameron William Henderson now holds 167,217 shares, worth roughly $5.4 million.
JP Morgan upgraded its Live Oak Bancshares Inc. [LOB] rating to a Neutral from a an Underweight in a research note published on Friday, April 28, 2023; the price target was increased to $26.50 from $25. PT values the company’s stock at a premium of -21.96 to its Friday closing price.
Price Performance Review of LOB
On Friday, Live Oak Bancshares Inc. [NYSE:LOB] saw its stock fall -0.06% to $32.32. On the same session, the stock had its day’s lowest price of $31.71, but rose to a high of $32.90. Over the last five days, the stock has lost -1.82%. Live Oak Bancshares Inc. shares have risen nearly 7.02% since the year began. Nevertheless, the stocks have fallen -10.82% over the past one year. While a 52-week high of $38.37 was reached on 07/31/23, a 52-week low of $17.31 was recorded on 03/13/23. SMA at 50 days reached $32.00, while 200 days put it at $29.34. A total of 0.21 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For LOB Stock
The 24-hour chart illustrates a support level at 31.72, which if violated will result in even more drops to 31.12. On the upside, there is a resistance level at 32.91. A further resistance level may holdings at 33.50. The Relative Strength Index (RSI) on the 14-day chart is 42.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.09%. Stochastics %K at 9.19% indicates the stock is a buying.
How much short interest is there in Live Oak Bancshares Inc.?
A steep rise in short interest was recorded in Live Oak Bancshares Inc. stocks on Aug 14, 2023, dropping by -0.16 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.61 million shares. There was a decline of -11.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.33% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.97.
Live Oak Bancshares Inc. [LOB] – Who Are The Largest Shareholders?
In filings from T. Rowe Price Investment Manageme, it is revealed that the company now owns 6,371,996 shares, or roughly 14.38% of the outstanding LOB shares. In other words, the investor’s shares have risen by 13,362 from its previous 13-F filing of 6358634.0. Additionally, The Vanguard Group, Inc. increased 0.67% of its stake after which the total value it holdings stand at $91,356,982, while Diamond Hill Capital Management, added 3.49% of its stake to hold $85.96 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 211,091 shares of Live Oak Bancshares Inc., while Barrow, Hanley, Mewhinney & Strau bought 766,873 shares. At present, Dimensional Fund Advisors LP is holding 1,210,793 shares valued at $45.85 million. SSgA Funds Management, Inc. owned 1,145,692 shares of the company at the time of its most recent 13F filing, worth $43.39 million.