Rivernorth Capital Management LLC Cuts Stock Position in Live Oak Acquisition $LOKV

Rivernorth Capital Management LLC cut its holdings in shares of Live Oak Acquisition (NASDAQ:LOKV) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 452,500 shares of the company’s stock after selling 45,000 shares during the quarter. Rivernorth Capital Management LLC owned approximately 1.81% of Live Oak Acquisition worth $4,706,000 as of its most recent SEC filing.

Separately, Berkley W R Corp grew its position in shares of 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 purchasing an additional 270,469 shares in the last quarter.

Live Oak Acquisition Stock Performance

NASDAQ:LOKV opened at $12.34 on Wednesday. Live Oak Acquisition has a 1 year low of $8.65 and a 1 year high of $11.99. The business has a 50 day moving average price of $11.47.

Live Oak Acquisition (NASDAQ:LOKV) last posted its earnings results on Monday, March 30th. The company reported ($0.57) EPS for the quarter. The firm had revenue of ($12.99) million during the quarter. On average, equities analysts expect that Live Oak Acquisition will post -19.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on LOKV. Compass Point assumed coverage on Live Oak Acquisition in a research note on Monday, May 11th. They issued a “buy” rating and a $13.50 price target for the company. Zacks Research raised shares of Live Oak Acquisition to a “hold” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings initiated coverage on shares of Live Oak Acquisition in a report on Friday, May 8th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Live Oak Acquisition 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.