Shaolin Capital Management LLC Has $5.70 Million Position 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% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 575,000 shares of the company’s stock after purchasing an additional 325,000 shares during the period. Shaolin Capital Management LLC’s holdings in Live Oak Acquisition Corp. II were worth $5,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LOKB. Penserra Capital Management LLC bought a new stake in shares of Live Oak Acquisition Corp. II during the second quarter valued at approximately $59,000. Qube Research & Technologies Ltd bought a new stake in Live Oak Acquisition Corp. II in the second quarter valued at $208,000. Wexford Capital LP bought a new stake in Live Oak Acquisition Corp. II in the first quarter valued at $233,000. Landscape Capital Management L.L.C. bought a new stake in Live Oak Acquisition Corp. II in the second quarter valued at $690,000. Finally, Chescapmanager LLC acquired a new position in Live Oak Acquisition Corp. II in the first quarter worth $703,000. 73.34% of the stock is currently owned by institutional investors.

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

Live Oak Acquisition Corp. II stock traded up $0.99 on Thursday, reaching $11.55. The company’s stock had a trading volume of 18,881 shares, compared to its average volume of 910,812. The business’s fifty day moving average price is $9.99 and its 200 day moving average price is $9.97. Live Oak Acquisition Corp. II has a twelve month low of $9.66 and a twelve month high of $13.24.

Separately, Craig Hallum initiated coverage on 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.

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.

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

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