Round Rock Advisors LLC Purchases Shares of 42,700 ArrowMark Financial Corp. (NASDAQ:BANX)

Round Rock Advisors LLC purchased a new position in ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 42,700 shares of the investment management company's stock, valued at approximately $896,000. Round Rock Advisors LLC owned about 0.59% of ArrowMark Financial as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in ArrowMark Financial during the fourth quarter valued at about $58,000. Catalina Capital Group LLC purchased a new stake in ArrowMark Financial during the third quarter valued at about $213,000. Pathway Financial Advisers LLC lifted its holdings in ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company's stock valued at $321,000 after purchasing an additional 14,768 shares during the last quarter. Falcon Wealth Planning lifted its holdings in ArrowMark Financial by 14.4% during the third quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company's stock valued at $339,000 after purchasing an additional 2,054 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in ArrowMark Financial by 15.0% during the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company's stock valued at $461,000 after purchasing an additional 2,900 shares during the last quarter. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Price Performance

NASDAQ BANX traded down $0.13 during trading on Wednesday, hitting $21.14. 17,157 shares of the company's stock traded hands, compared to its average volume of 16,693. ArrowMark Financial Corp. has a 12-month low of $17.91 and a 12-month high of $21.67. The business has a 50 day moving average of $20.96 and a 200-day moving average of $20.50.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.51%. The ex-dividend date was Thursday, December 26th.

Insider Activity

In other news, Director John Scott Emrich sold 2,500 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00. Following the sale, the director now directly owns 6,225 shares in the company, 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 this link. Company insiders own 0.53% of the company's stock.

ArrowMark Financial 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.