Old Line Bancshares, Inc. (NASDAQ:OLBK), saw two insiders increase their positions in the company. Director Andre J. Gingles bought 700 shares of common stock at an average price of $14.23 per share; while Director Gregory S. Proctor Jr. purchased 500 shares at an average price of $14.15 per share.
Following these transactions, Gingles directly holds 46,687 shares in the company; and Proctor Jr. has 38,937 invested in the corporation. Old Line Bancshares, Inc. (NASDAQ:OLBK) is a $155.31 million market cap holding company of Old Line Bank (Bank). The Bank is engaged in a general commercial banking business, making various types of loans and accepting deposits. It markets its financial services to small to medium sized businesses, entrepreneurs, professionals, consumers and clients.
While there are a few outside investors, the largest is from Paul Magidson, Jonathan Cohen And Ostrom Enders‘s Castine Capital Management which decreased its involvement by 15% last quarter, but still holds 242,101 shares worth nearly $4.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.