Insider Buying: Ayden R. Lee, Jr. Buys 75,000 Shares of Four Oaks Fincorp Stock (FOFN)
Four Oaks Fincorp (NASDAQ:FOFN) CEO Ayden R. Lee, Jr. bought 75,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $1.00 per share, for a total transaction of $75,000.00. Following the purchase, the chief executive officer now directly owns 146,274 shares in the company, valued at approximately $146,274. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Four Oaks Fincorp (NASDAQ:FOFN) opened at 1.38 on Wednesday. Four Oaks Fincorp has a 1-year low of $1.11 and a 1-year high of $3.00. The stock’s 50-day moving average is $1.28 and its 200-day moving average is $1.81. The company has a market cap of $12.3 million and a price-to-earnings ratio of 3.33.
Four Oaks Fincorp, Inc is a bank holding company. The Company’s primary function is to serve as the holding company for its wholly owned subsidiaries, Four Oaks Bank & Trust Company (NASDAQ:FOFN) and Four Oaks Mortgage Services, LLC.
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