ArrowMark Financial Corp. (NASDAQ:BANX) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC lowered its stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 40.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,220 shares of the investment management company’s stock after selling 7,748 shares during the quarter. Oxbow Advisors LLC owned about 0.16% of ArrowMark Financial worth $213,000 at the end of the most recent quarter.

Separately, Capital Investment Advisors LLC boosted its holdings in ArrowMark Financial by 4.0% in the 4th quarter. Capital Investment Advisors LLC now owns 32,250 shares of the investment management company’s stock valued at $586,000 after purchasing an additional 1,250 shares in the last quarter. 24.93% of the stock is currently owned by institutional investors and hedge funds.

ArrowMark Financial Price Performance

Shares of BANX stock traded down $0.03 during midday trading on Friday, reaching $18.76. 1,050 shares of the company traded hands, compared to its average volume of 16,589. The firm’s 50 day simple moving average is $18.43 and its two-hundred day simple moving average is $18.48. ArrowMark Financial Corp. has a 1-year low of $16.26 and a 1-year high of $19.50.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.45 per share. The ex-dividend date was Monday, June 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.59%.

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.