Rivernorth Capital Management LLC Sells 45,000 Shares of Live Oak Acquisition $LOKV

Rivernorth Capital Management LLC decreased its stake in Live Oak Acquisition (NASDAQ:LOKV) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 452,500 shares of the company’s stock after selling 45,000 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Live Oak Acquisition were worth $4,706,000 at the end of the most recent reporting period.

Separately, Berkley W R Corp boosted its stake in Live Oak Acquisition by 71.7% during the first quarter. Berkley W R Corp now owns 647,661 shares of the company’s stock worth $6,736,000 after buying an additional 270,469 shares during the period.

Live Oak Acquisition Stock Up 7.1%

Shares of LOKV opened at $12.34 on Wednesday. The company’s fifty day moving average is $11.47. Live Oak Acquisition has a 12-month low of $8.65 and a 12-month high of $11.99.

Live Oak Acquisition (NASDAQ:LOKV) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.57) earnings per share for the quarter. The company had revenue of ($12.99) million for the quarter. Analysts predict that Live Oak Acquisition will post -19.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LOKV shares. Compass Point initiated coverage on shares of Live Oak Acquisition in a research note on Monday, May 11th. They issued a “buy” rating and a $13.50 target price on the stock. Weiss Ratings initiated coverage on shares of Live Oak Acquisition in a report on Friday, May 8th. They set a “sell (d-)” rating on the stock. Finally, Zacks Research raised shares of Live Oak Acquisition to a “hold” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.50.

Live Oak Acquisition Company Profile

We are a blank check company incorporated on November 27, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us.