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

ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) Director John Scott Emrich sold 2,500 shares of the company's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $21.28, for a total value of $53,200.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

ArrowMark Financial Stock Up 0.3 %

ArrowMark Financial stock traded up $0.07 during mid-day trading on Monday, reaching $21.35. 14,005 shares of the company traded hands, compared to its average volume of 19,232. The firm's 50 day moving average price is $20.89 and its 200 day moving average price is $20.40. ArrowMark Financial Corp. has a 52-week low of $17.91 and a 52-week high of $21.67.

ArrowMark Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 26th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.80 annualized dividend and a dividend yield of 8.43%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its position in ArrowMark Financial by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company's stock worth $740,000 after buying an additional 1,496 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of 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 worth $321,000 after acquiring an additional 14,768 shares during the last quarter. Falcon Wealth Planning boosted its stake 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 acquiring an additional 2,054 shares during the last quarter. Catalina Capital Group LLC bought a new stake in shares of ArrowMark Financial during the 3rd quarter valued at $213,000. Finally, Oppenheimer & Co. Inc. increased its stake in shares of ArrowMark Financial by 15.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company's stock worth $461,000 after purchasing an additional 2,900 shares in the last quarter. 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.

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