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.
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% |
Page 1 of 8 – SEC Filing
| OceanFirst Financial Corp. |
| Common Stock, $0.01 par value |
| 675234108 |
| September 19, 2016 |
