Everstar Asset Management LLC Acquires 1,321 Shares of ArrowMark Financial Corp. (NASDAQ:BANX)

Everstar Asset Management LLC lifted its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,198 shares of the investment management company’s stock after acquiring an additional 1,321 shares during the quarter. Everstar Asset Management LLC owned 0.32% of ArrowMark Financial worth $487,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in shares of ArrowMark Financial during the 4th quarter valued at $58,000. Noble Wealth Management PBC bought a new stake in ArrowMark Financial in the fourth quarter worth about $348,000. Falcon Wealth Planning boosted its stake in ArrowMark Financial by 15.3% in the fourth quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company’s stock valued at $396,000 after acquiring an additional 2,500 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of ArrowMark Financial by 7.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company’s stock valued at $502,000 after acquiring an additional 1,655 shares during the period. Finally, Round Rock Advisors LLC purchased a new stake in shares of ArrowMark Financial during the 4th quarter worth approximately $896,000. 24.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director John Scott Emrich sold 2,500 shares of the 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 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 document filed with the SEC, which is accessible through this hyperlink. 0.53% of the stock is owned by insiders.

ArrowMark Financial Stock Up 0.4 %

NASDAQ:BANX opened at $21.15 on Monday. The firm’s 50 day moving average is $21.09 and its 200 day moving average is $20.84. ArrowMark Financial Corp. has a 12 month low of $17.91 and a 12 month high of $21.67.

ArrowMark Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 20th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend was Thursday, March 20th.

About ArrowMark Financial

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.