U.K. investor adds to Bank of Ozarks stake
Aberdeen Asset Management of the United Kingdom bought 162,103 shares of Bank of the Ozarks stock in the second quarter, according to Holdings Channel, a website that follows the institutional ownership of public companies.
Aberdeen paid more than $6 million for the stock. It had almost 735,500 shares of Bank of the Ozarks stock valued at almost $27.6 million at the end of the second quarter, or 0.6 percent of the bank’s outstanding shares.
Vanguard Group Inc. of Malvern, Pa., is Bank of the Ozarks’ largest shareholder, with almost 6.8 million shares, or about 5.6 percent of outstanding shares.
Wellingon Management Group LLP of Boston, State Street Corp. of Boston and BlackRock Fund Advisors of San Francisco each owned more than 4 million shares of Bank of the Ozarks at the end of the second quarter, according to nasdaq.com.
Institutional investors and hedge funds own more than 77% percent of Bank of the Ozarks stock, according to Nasdaq.