Insider Selling: ArrowMark Financial Corp. (NASDAQ:BANX) Director Sells 2,500 Shares of Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 2,500 shares of the business’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 completion of the transaction, the director now owns 6,225 shares in the company, valued at approximately $132,468. The trade was a 28.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ArrowMark Financial Trading Up 0.3 %

ArrowMark Financial stock opened at $21.35 on Tuesday. The business’s 50 day simple moving average is $20.89 and its 200 day simple moving average is $20.40. ArrowMark Financial Corp. has a 12 month low of $17.91 and a 12 month high of $21.67.

ArrowMark Financial Dividend Announcement

The company 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. The ex-dividend date was Thursday, December 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.43%.

Institutional Investors Weigh In On ArrowMark Financial

Several large investors have recently added to or reduced their stakes in BANX. Trust Co. of Vermont purchased a new stake in ArrowMark Financial during the fourth quarter valued at about $58,000. Catalina Capital Group LLC bought a new stake in shares of ArrowMark Financial in the third quarter valued at approximately $213,000. Pathway Financial Advisers LLC lifted its stake in shares of ArrowMark Financial by 1,969.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after buying an additional 14,768 shares in the last quarter. Falcon Wealth Planning boosted its holdings in 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 buying an additional 2,054 shares during the period. Finally, Oppenheimer & Co. Inc. grew its stake in ArrowMark Financial by 15.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock valued at $461,000 after buying an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Company 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.