ArrowMark Financial Corp. (NASDAQ:BANX) Director Sells $10,600.00 in Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 500 shares of ArrowMark Financial stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $21.20, for a total transaction of $10,600.00. Following the completion of the transaction, the director now owns 5,725 shares of the company’s stock, valued at $121,370. This represents a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

John Scott Emrich also recently made the following trade(s):

• On Friday, January 24th, John Scott Emrich sold 2,500 shares of ArrowMark Financial stock. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00.

ArrowMark Financial Stock Performance

Shares of NASDAQ:BANX opened at $20.93 on Friday. ArrowMark Financial Corp. has a twelve month low of $17.91 and a twelve month high of $21.67. The firm has a 50 day simple moving average of $21.03 and a 200-day simple moving average of $20.65.

ArrowMark Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.60%.

Hedge Funds Weigh In On ArrowMark Financial

A number of institutional investors have recently modified their holdings of BANX. Raymond James Financial Inc. acquired a new position in shares of ArrowMark Financial in the 4th quarter valued at $3,957,000. Round Rock Advisors LLC acquired a new position in shares of ArrowMark Financial in the 4th quarter valued at $896,000. Noble Wealth Management PBC acquired a new position in shares of ArrowMark Financial in the 4th quarter valued at $348,000. Pathway Financial Advisers LLC increased its holdings in shares of ArrowMark Financial by 1,969.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 14,768 shares during the period. Finally, Principal Street Partners LLC acquired a new position in shares of ArrowMark Financial in the 4th quarter valued at $261,000. 24.93% of the stock is owned by institutional investors and hedge funds.

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.