ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) declared a monthly dividend on Tuesday, March 10th. Investors of record on Monday, March 23rd will be paid a dividend of 0.15 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend is Monday, March 23rd.
ArrowMark Financial Trading Down 1.2%
ArrowMark Financial stock opened at $19.13 on Friday. ArrowMark Financial has a one year low of $17.99 and a one year high of $23.67. The stock has a 50-day moving average of $20.24 and a two-hundred day moving average of $21.19.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Belpointe Asset Management LLC purchased a new stake in ArrowMark Financial in the third quarter valued at approximately $204,000. Private Advisor Group LLC purchased a new position in shares of ArrowMark Financial during the third quarter worth $205,000. Accurate Wealth Management LLC purchased a new position in shares of ArrowMark Financial during the third quarter worth $311,000. Marshall Wace LLP purchased a new position in shares of ArrowMark Financial during the 2nd quarter valued at about $386,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of ArrowMark Financial by 39.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company’s stock valued at $489,000 after buying an additional 6,284 shares during the last quarter. 24.93% of the stock is currently owned by hedge funds and other institutional investors.
About ArrowMark Financial
ArrowMark Financial Corporation (NASDAQ: BANX) is an asset management firm that provides investment advisory services and portfolio management solutions to institutional and individual clients. Headquartered in Minneapolis, with additional offices in Stamford, Connecticut, the company offers tailored separate-account management alongside a suite of sponsored investment products. Its advisory platform spans a broad range of equity, fixed‐income and multi‐asset strategies designed to meet diverse risk and return objectives.
Through its managed accounts business, ArrowMark delivers customized portfolio solutions covering traditional and alternative asset classes.
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