Bard Associates Inc. Sells 800 Shares of ArrowMark Financial Corp. (NASDAQ:BANX)

Bard Associates Inc. lowered its stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 1.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,810 shares of the investment management company’s stock after selling 800 shares during the quarter. Bard Associates Inc.’s holdings in ArrowMark Financial were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Catalina Capital Group LLC purchased a new stake in ArrowMark Financial in the third quarter worth $213,000. Falcon Wealth Planning purchased a new stake in ArrowMark Financial in the 2nd quarter worth about $264,000. Pathway Financial Advisers LLC raised its stake in 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. Oppenheimer & Co. Inc. bought a new position in ArrowMark Financial during the first quarter worth about $340,000. Finally, Capital Investment Advisors LLC lifted its holdings in ArrowMark Financial by 3.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 24.93% of the company’s stock.

ArrowMark Financial Trading Down 1.6 %

NASDAQ BANX opened at $20.25 on Friday. ArrowMark Financial Corp. has a 1 year low of $16.67 and a 1 year high of $21.67. The company’s 50 day simple moving average is $20.54 and its two-hundred day simple moving average is $19.49.

ArrowMark Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date of this dividend was Thursday, September 26th.

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.