ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich Sells 500 Shares

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 500 shares of ArrowMark Financial stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $21.20, for a total transaction of $10,600.00. Following the transaction, the director now owns 5,725 shares of the company’s stock, valued at approximately $121,370. The trade was a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $21.28, for a total value of $53,200.00.

ArrowMark Financial Price Performance

Shares of BANX stock opened at $20.93 on Friday. The firm has a 50-day moving average price of $21.03 and a 200 day moving average price of $20.64. ArrowMark Financial Corp. has a twelve month low of $17.91 and a twelve month high of $21.67.

ArrowMark Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 yield of 8.60%.

Institutional Investors Weigh In On ArrowMark Financial

Several hedge funds have recently made changes to their positions in the business. Principal Street Partners LLC acquired a new stake in shares of ArrowMark Financial in the fourth quarter worth approximately $261,000. Millennium Management LLC purchased a new stake in shares of ArrowMark Financial during the 4th quarter valued at $220,000. Stifel Financial Corp increased its holdings in shares of ArrowMark Financial by 4.2% during the 4th quarter. Stifel Financial Corp now owns 167,707 shares of the investment management company’s stock worth $3,519,000 after buying an additional 6,683 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of ArrowMark Financial in the 4th quarter worth $3,957,000. Finally, Everstar Asset Management LLC boosted its holdings in ArrowMark Financial by 6.0% in the fourth quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company’s stock valued at $487,000 after acquiring an additional 1,321 shares during the last quarter. Institutional investors and hedge funds 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.