Shares of ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.99 and traded as high as $21.17. ArrowMark Financial shares last traded at $21.09, with a volume of 21,026 shares trading hands.
ArrowMark Financial Stock Performance
The company's 50-day moving average is $21.01 and its 200 day moving average is $20.57.
ArrowMark Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 26th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.57%. The ex-dividend date was Thursday, December 26th.
Insider Buying and Selling at ArrowMark Financial
In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $21.28, for a total transaction of $53,200.00. Following the transaction, the director now owns 6,225 shares in the company, valued at approximately $132,468. This represents a 28.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.
Hedge Funds Weigh In On ArrowMark Financial
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in ArrowMark Financial during the 4th quarter valued at about $58,000. Catalina Capital Group LLC bought a new position in shares of ArrowMark Financial in the 3rd quarter worth approximately $213,000. Pathway Financial Advisers LLC lifted its stake in shares of ArrowMark Financial by 1,969.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company's stock worth $321,000 after purchasing an additional 14,768 shares during the period. Falcon Wealth Planning lifted its stake in shares of ArrowMark Financial by 14.4% in the 3rd quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company's stock worth $339,000 after purchasing an additional 2,054 shares during the period. Finally, Noble Wealth Management PBC bought a new position in shares of ArrowMark Financial in the 4th quarter worth approximately $348,000. Institutional investors own 24.93% of the company's stock.
ArrowMark Financial Company Profile
(
Get Free Report)
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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