Gratus Capital adds Live Oak Bancshares Inc (LOB) to its portfolio

Live Oak Bancshares Inc (LOB) : Gratus Capital added new position in Live Oak Bancshares Inc during the most recent quarter end. The investment management firm now holds 1,000,010 shares of Live Oak Bancshares Inc which is valued at $15.6 Million , the company said in a statement filed on May 11, 2016 with the SEC.Live Oak Bancshares Inc makes up approximately 3.47% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , Emerald Advisers Incpa boosted its stake in LOB in the latest quarter, The investment management firm added 734 additional shares and now holds a total of 596,368 shares of Live Oak Bancshares Inc which is valued at $9.4 Million. Live Oak Bancshares Inc makes up approx 0.46% of Emerald Advisers Incpa’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in LOB by selling 5,915 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 856,594 shares of LOB which is valued at $13.5 Million. Live Oak Bancshares Inc makes up approx 0.75% of Emerald Mutual Fund Advisers Trust’s portfolio.

Live Oak Bancshares Inc closed down -0.01 points or -0.06% at $15.59 with 33,149 shares getting traded on Monday. Post opening the session at $15.6, the shares hit an intraday low of $15.47 and an intraday high of $15.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Live Oak Bancshares Inc. is a bank holding company. Through its subsidiary Live Oak Banking Company (the Bank) it is engaged in providing lending services to small businesses across the United States in targeted industries. The Bank offers a national online platform for small business lending. The Bank offers a range of short and medium-term commercial and construction loans partially guaranteed by the United States Small Business Administration (SBA) to small businesses and professionals. The Bank’s investment securities portfolio includes available-for-sale securities. The Bank’s available-for-sale securities include agency direct obligations agency mortgage-backed securities and mutual funds. The Bank’s sources of funds include deposits. In addition to Live Oak Banking Company Live Oak Bancshares Inc.’s subsidiaries include Government Loan Solutions Inc. 504 Fund Advisors LLC and Independence Aviation LLC.

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