ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich Sells 1,000 Shares of Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $21.01, for a total value of $21,010.00. Following the completion of the sale, the director now directly owns 4,725 shares of the company’s stock, valued at $99,272.25. The trade was a 17.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, February 19th, John Scott Emrich sold 500 shares of ArrowMark Financial stock. The shares were sold at an average price of $21.20, for a total transaction of $10,600.00.
• 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 transaction of $53,200.00.

ArrowMark Financial Stock Down 1.1 %

Shares of ArrowMark Financial stock opened at $20.82 on Thursday. ArrowMark Financial Corp. has a 52 week low of $17.91 and a 52 week high of $21.67. The stock’s fifty day moving average is $21.07 and its two-hundred day moving average is $20.85.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.65%. The ex-dividend date was Thursday, March 20th.

Institutional Investors Weigh In On ArrowMark Financial

Several large investors have recently added to or reduced their stakes in BANX. Principal Street Partners LLC purchased a new position in ArrowMark Financial during the 4th quarter valued at about $261,000. Millennium Management LLC purchased a new stake in ArrowMark Financial during the fourth quarter valued at approximately $220,000. Stifel Financial Corp boosted its stake in ArrowMark Financial by 4.2% in the fourth quarter. Stifel Financial Corp now owns 167,707 shares of the investment management company’s stock valued at $3,519,000 after acquiring an additional 6,683 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ArrowMark Financial in the fourth quarter valued at approximately $3,957,000. Finally, Everstar Asset Management LLC grew 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 worth $487,000 after purchasing an additional 1,321 shares during the last quarter. 24.93% of the stock is owned by hedge funds and other institutional investors.

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.