ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich Sells 2,500 Shares of Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $21.28, for a total value of $53,200.00. Following the sale, the director now directly owns 6,225 shares of the company’s stock, valued at $132,468. This represents a 28.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

ArrowMark Financial Stock Up 0.3 %

Shares of NASDAQ:BANX opened at $21.35 on Tuesday. The business’s 50 day moving average is $20.89 and its 200 day moving average is $20.40. ArrowMark Financial Corp. has a 12-month low of $17.91 and a 12-month 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.43%. The ex-dividend date of this dividend was Thursday, December 26th.

Institutional Trading of ArrowMark Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its holdings in 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 worth $740,000 after purchasing an additional 1,496 shares during the last quarter. Falcon Wealth Planning lifted its position in shares of ArrowMark Financial by 14.4% during the 3rd quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company’s stock worth $339,000 after buying an additional 2,054 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of ArrowMark Financial in the 4th quarter worth approximately $58,000. Oppenheimer & Co. Inc. grew 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 valued at $461,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new stake in shares of ArrowMark Financial during the third quarter valued at approximately $213,000. Hedge funds and other institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Company Profile

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.