EJF Capital, managed by Emanuel J. Friedman, has reported via a 13G filing with the SEC that it has raised its stake in Oceanfirst Financial Corp (NASDAQ:OCFC). The fund currently owns 1.52 million shares of the company, accounting for 5.9% of its outstanding shares, compared to the 1.07 million shares that it held on June 30.
Oceanfirst Financial is a holding company for Oceanfirst Bank. Over the past 12 months, the company’s stock has gone up by 12.16%. For the second quarter of 2016, Oceanfirst Financial reported earnings per share of $0.16 and revenue of $30.01 million, topping analysts’ estimates for EPS of $0.06 and revenue of $28.5 million.
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At the end of June, there were 13 investors from within Insider Monkey’s database that were bullish on Oceanfirst Financial (NASDAQ:OCFC), compared to 12 a quarter earlier. Some of the investors who reported holding long positions in the company as of June 30 encompassed Jim Simons’ Renaissance Technologies, which held a position valued at $14.19 million, Gregg J. Powers’ Private Capital Management, with a position worth $6.29 million, Anton Schutz’ Mendon Capital Advisors, John Overdeck and David Siegel’s Two Sigma Advisors, and Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| EJF Capital | 0 | 1,519,119 | 0 | 1,519,119 | 1,519,119 | 5.9% |
| Emanuel J. Friedman | 0 | 1,519,119 | 0 | 1,519,119 | 1,519,119 | 5.9% |
| EJF Financial Services Fund | 0 | 1,519,119 | 0 | 1,519,119 | 1,519,119 | 5.9% |
| EJF Financial Services GP | 0 | 1,519,119 | 0 | 1,519,119 | 1,519,119 | 5.9% |
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Page 1 of 8 – SEC Filing
| OceanFirst Financial Corp. |
| Common Stock, $0.01 par value |
| 675234108 |
| September 19, 2016 |
