Shaolin Capital Management LLC Grows Holdings in Live Oak Acquisition Corp. II (NYSE:LOKB)

Shaolin Capital Management LLC boosted its holdings in Live Oak Acquisition Corp. II (NYSE:LOKB) by 130.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 575,000 shares of the company’s stock after purchasing an additional 325,000 shares during the quarter. Shaolin Capital Management LLC owned about 1.82% of Live Oak Acquisition Corp. II worth $5,704,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new stake in Live Oak Acquisition Corp. II in the 2nd quarter valued at $59,000. Qube Research & Technologies Ltd acquired a new position in Live Oak Acquisition Corp. II in the 2nd quarter valued at $208,000. Wexford Capital LP acquired a new position in Live Oak Acquisition Corp. II in the 1st quarter valued at $233,000. Landscape Capital Management L.L.C. acquired a new position in Live Oak Acquisition Corp. II in the 2nd quarter valued at $690,000. Finally, Chescapmanager LLC acquired a new position in Live Oak Acquisition Corp. II in the 1st quarter valued at $703,000. Hedge funds and other institutional investors own 73.34% of the company’s stock.

Separately, Craig Hallum started coverage on shares of Live Oak Acquisition Corp. II in a research note on Wednesday, September 1st. They issued a “buy” rating and a $14.00 price objective on the stock.

In related news, major shareholder Atalaya Capital Management Lp purchased 1,639,051 shares of the stock in a transaction dated Monday, October 11th. The shares were acquired at an average cost of $10.05 per share, with a total value of $16,472,462.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE:LOKB traded up $0.99 on Thursday, reaching $11.55. 18,881 shares of the company were exchanged, compared to its average volume of 910,812. Live Oak Acquisition Corp. II has a 1-year low of $9.66 and a 1-year high of $13.24. The company has a 50-day moving average of $9.99 and a 200-day moving average of $9.97.

Live Oak Acquisition Corp. II Profile

Live Oak Acquisition Corp. II is a blank check company. The company was founded in 2020 and is based in Memphis, Tennessee.

See Also: What are the components of an earnings report?

Institutional Ownership by Quarter for Live Oak Acquisition Corp. II (NYSE:LOKB)

Receive News & Ratings for Live Oak Acquisition Corp. II Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Acquisition Corp. II and related companies with MarketBeat.com's FREE daily email newsletter.