StoneCastle Financial Corp. (NASDAQ:BANX) Director Praag Michael Van Acquires 5,000 Shares

StoneCastle Financial Corp. (NASDAQ:BANX) Director Praag Michael Van purchased 5,000 shares of StoneCastle Financial stock in a transaction dated Monday, March 29th. The shares were acquired at an average cost of $19.85 per share, for a total transaction of $99,250.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at approximately $198,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Praag Michael Van also recently made the following trade(s):

  • On Friday, March 26th, Praag Michael Van purchased 5,000 shares of StoneCastle Financial stock. The shares were acquired at an average cost of $19.85 per share, for a total transaction of $99,250.00.

Shares of BANX stock opened at $19.90 on Thursday. The business’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $19.68. The company has a market cap of $130.58 million, a PE ratio of 64.20 and a beta of 0.76. StoneCastle Financial Corp. has a 12-month low of $14.35 and a 12-month high of $21.80.

StoneCastle Financial (NASDAQ:BANX) last issued its quarterly earnings results on Sunday, February 28th. The investment management company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 18th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend was Wednesday, March 17th.

Several institutional investors and hedge funds have recently made changes to their positions in BANX. Capital Asset Advisory Services LLC purchased a new stake in shares of StoneCastle Financial during the fourth quarter valued at $121,000. Morgan Stanley grew its holdings in shares of StoneCastle Financial by 13.0% during the third quarter. Morgan Stanley now owns 9,580 shares of the investment management company’s stock valued at $186,000 after buying an additional 1,105 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of StoneCastle Financial during the third quarter valued at $197,000. Cadent Capital Advisors LLC purchased a new stake in shares of StoneCastle Financial during the fourth quarter valued at $260,000. Finally, Brinker Capital Investments LLC purchased a new stake in shares of StoneCastle Financial during the third quarter valued at $752,000. 25.29% of the stock is currently owned by hedge funds and other institutional investors.

StoneCastle Financial Company Profile

StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies.

Featured Story: Leveraged Buyout (LBO) Explained

Receive News & Ratings for StoneCastle Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCastle Financial and related companies with MarketBeat.com's FREE daily email newsletter.