ArrowMark Financial Corp. (NASDAQ:BANX) Director Sells $53,200.00 in Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 2,500 shares of ArrowMark Financial stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $21.28, for a total value of $53,200.00. Following the completion of the transaction, the director now owns 6,225 shares of the company’s stock, valued at approximately $132,468. This represents a 28.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ArrowMark Financial Trading Up 0.2 %

Shares of ArrowMark Financial stock opened at $21.30 on Thursday. The stock has a 50 day moving average price of $20.94 and a 200-day moving average price of $20.44. ArrowMark Financial Corp. has a one year low of $17.91 and a one year high of $21.67.

ArrowMark Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 26th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.45%. The ex-dividend date of this dividend was Thursday, December 26th.

Institutional Investors Weigh In On ArrowMark Financial

Several institutional investors have recently made changes to their positions in BANX. Round Rock Advisors LLC purchased a new stake in ArrowMark Financial in the 4th quarter worth about $896,000. Capital Investment Advisors LLC grew its stake in shares of ArrowMark Financial by 4.4% during the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock valued at $740,000 after buying an additional 1,496 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of ArrowMark Financial by 15.0% in the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock worth $461,000 after buying an additional 2,900 shares during the period. Falcon Wealth Planning lifted its stake in shares of ArrowMark Financial by 15.3% during the 4th quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company’s stock worth $396,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in ArrowMark Financial by 1,969.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 14,768 shares during the period. Institutional investors own 24.93% of the company’s stock.

About ArrowMark Financial

ArrowMark Financial Corp. is a closed-end balanced mutual fund launched and managed by ArrowMark Asset Management, LLC. It invests in public equity and fixed income markets of global region. For its equity portion, the fund invests in stocks of companies operating across financials, banks sectors. It invests in growth and value stocks of companies across diversified market capitalization.