Insider Selling: ArrowMark Financial Corp. (NASDAQ:BANX) Director Sells $21,010.00 in Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 1,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $21.01, for a total transaction of $21,010.00. Following the transaction, the director now directly owns 4,725 shares in the company, valued at $99,272.25. The trade was a 17.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 stock was 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 value of $53,200.00.

ArrowMark Financial Trading Down 5.9 %

Shares of BANX stock opened at $19.30 on Friday. The business’s 50 day moving average is $21.02 and its two-hundred day moving average is $20.84. 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.80 annualized dividend and a yield of 9.33%.

Hedge Funds Weigh In On ArrowMark Financial

A number of large investors have recently bought and sold shares of BANX. Trust Co. of Vermont acquired a new position in shares of ArrowMark Financial during the fourth quarter worth about $58,000. Falcon Wealth Planning boosted its holdings in ArrowMark Financial by 15.3% in the 4th quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company’s stock valued at $396,000 after purchasing an additional 2,500 shares in the last quarter. Round Rock Advisors LLC purchased a new stake in ArrowMark Financial in the 4th quarter valued at approximately $896,000. Oppenheimer & Co. Inc. increased its position in ArrowMark Financial by 7.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company’s stock worth $502,000 after purchasing an additional 1,655 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of ArrowMark Financial during the 4th quarter worth approximately $348,000. Hedge funds and other institutional investors 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.