Catalina Capital Group LLC Takes Position in ArrowMark Financial Corp. (NASDAQ:BANX)

Catalina Capital Group LLC bought a new stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX) in the 3rd quarter, Holdings Channel.com reports. The firm bought 10,310 shares of the investment management company’s stock, valued at approximately $213,000.

Other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC increased its holdings in shares of ArrowMark Financial by 3.0% in the second quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock valued at $631,000 after buying an additional 1,000 shares in the last quarter. Falcon Wealth Planning raised its position in shares of ArrowMark Financial by 14.4% during the third quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company’s stock worth $339,000 after purchasing an additional 2,054 shares during the period. Pathway Financial Advisers LLC lifted its holdings in shares of 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. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of ArrowMark Financial in the 1st quarter valued at $340,000. 24.93% of the stock is owned by institutional investors and hedge funds.

ArrowMark Financial Stock Performance

NASDAQ BANX opened at $20.42 on Friday. ArrowMark Financial Corp. has a 1 year low of $16.40 and a 1 year high of $21.67. The stock’s 50-day moving average price is $20.52 and its two-hundred day moving average price is $19.42.

ArrowMark Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.81%.

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.