Falcon Wealth Planning Buys 2,500 Shares of ArrowMark Financial Corp. (NASDAQ:BANX)

Falcon Wealth Planning lifted its stake in ArrowMark Financial Corp. (NASDAQ:BANX) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,862 shares of the investment management company’s stock after purchasing an additional 2,500 shares during the period. Falcon Wealth Planning’s holdings in ArrowMark Financial were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BANX. Capital Investment Advisors LLC boosted its holdings in ArrowMark Financial by 4.4% in the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock worth $740,000 after purchasing an additional 1,496 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of ArrowMark Financial by 1,969.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after buying an additional 14,768 shares during the period. Catalina Capital Group LLC purchased a new position in shares of ArrowMark Financial in the 3rd quarter worth $213,000. Oppenheimer & Co. Inc. grew its holdings in shares of ArrowMark Financial by 15.0% in the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock worth $461,000 after acquiring an additional 2,900 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of ArrowMark Financial in the fourth quarter worth $58,000. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Price Performance

BANX stock opened at $21.25 on Wednesday. The business’s 50-day moving average is $20.93 and its two-hundred day moving average is $20.43. ArrowMark Financial Corp. has a fifty-two week low of $17.91 and a fifty-two week high of $21.67.

ArrowMark Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.47%. The ex-dividend date of this dividend was Thursday, December 26th.

Insider Buying and Selling

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $21.28, for a total transaction of $53,200.00. Following the completion of the sale, the director now directly owns 6,225 shares of the company’s stock, valued at approximately $132,468. This represents a 28.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.53% of the stock is currently owned by insiders.

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.