Noble Wealth Management PBC purchased a new stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,599 shares of the investment management company's stock, valued at approximately $348,000. Noble Wealth Management PBC owned 0.23% of ArrowMark Financial at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Round Rock Advisors LLC acquired a new position in ArrowMark Financial in the fourth quarter worth about $896,000. Oppenheimer & Co. Inc. raised its holdings in shares of ArrowMark Financial by 7.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock worth $502,000 after buying an additional 1,655 shares in the last quarter. Falcon Wealth Planning lifted its position 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 buying an additional 2,500 shares during the period. Catalina Capital Group LLC bought a new position in shares of ArrowMark Financial during the 3rd quarter worth approximately $213,000. Finally, Trust Co. of Vermont acquired a new stake in ArrowMark Financial in the 4th quarter valued at $58,000. 24.93% of the stock is owned by institutional investors and hedge funds.
ArrowMark Financial Stock Performance
ArrowMark Financial stock traded down $0.05 during mid-day trading on Wednesday, hitting $21.05. 13,025 shares of the company were exchanged, compared to its average volume of 19,645. The business has a fifty day moving average of $21.05 and a 200 day moving average of $20.74. ArrowMark Financial Corp. has a 1-year low of $17.91 and a 1-year high of $21.67.
Insider Buying and Selling
In related news, Director John Scott Emrich sold 2,500 shares of the firm's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the completion of the sale, the director now directly owns 6,225 shares of the company's stock, valued at $132,468. This trade represents a 28.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.
About ArrowMark Financial
(
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
Before you consider ArrowMark Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ArrowMark Financial wasn't on the list.
While ArrowMark Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
