ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report) Director John Scott Emrich sold 1,000 shares of ArrowMark Financial stock in a transaction on Monday, March 31st. The shares were sold at an average price of $21.01, for a total transaction of $21,010.00. Following the completion of the sale, the director now owns 4,725 shares in the company, valued at $99,272.25. The trade was a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
John Scott Emrich also recently made the following trade(s):
- On Wednesday, February 19th, John Scott Emrich sold 500 shares of ArrowMark Financial stock. The stock was sold at an average price of $21.20, for a total value of $10,600.00.
- On Friday, January 24th, John Scott Emrich sold 2,500 shares of ArrowMark Financial stock. The shares were sold at an average price of $21.28, for a total transaction of $53,200.00.
ArrowMark Financial Stock Performance
BANX stock traded down $0.88 during trading hours on Monday, reaching $18.42. The stock had a trading volume of 83,498 shares, compared to its average volume of 20,556. The stock has a 50-day simple moving average of $21.02 and a 200 day simple moving average of $20.84. ArrowMark Financial Corp. has a fifty-two week low of $17.91 and a fifty-two week high of $21.67.
ArrowMark Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.77%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BANX. Round Rock Advisors LLC bought a new position in shares of ArrowMark Financial in the fourth quarter valued at about $896,000. Raymond James Financial Inc. acquired a new position in shares of ArrowMark Financial in the fourth quarter valued at approximately $3,957,000. Oppenheimer & Co. Inc. lifted its holdings in ArrowMark Financial by 7.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock worth $502,000 after purchasing an additional 1,655 shares during the last quarter. Noble Wealth Management PBC bought a new position in ArrowMark Financial during the 4th quarter worth $348,000. Finally, Trust Co. of Vermont acquired a new stake in shares of ArrowMark Financial during the fourth quarter worth $58,000. 24.93% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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