ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Down 19.1% in January

ArrowMark Financial Corp. (NASDAQ:BANX) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 19,500 shares, a decline of 19.1% from the January 15th total of 24,100 shares. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is presently 1.0 days.

ArrowMark Financial Price Performance

NASDAQ:BANX remained flat at $21.00 on Friday. 7,583 shares of the company’s stock were exchanged, compared to its average volume of 13,828. The stock’s 50-day moving average price is $21.01 and its 200-day moving average price is $20.57. ArrowMark Financial has a one year low of $17.91 and a one year high of $21.67.

ArrowMark Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 26th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date was Thursday, December 26th.

Insider Buying and Selling at ArrowMark Financial

In other news, Director John Scott Emrich sold 2,500 shares of the business’s stock in a transaction 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 $132,468. The trade was a 28.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ArrowMark Financial

A number of institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in ArrowMark Financial in the 4th quarter worth $58,000. Catalina Capital Group LLC bought a new stake in shares of ArrowMark Financial during the 3rd quarter valued at $213,000. Pathway Financial Advisers LLC increased its position in shares of 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 buying an additional 14,768 shares in the last quarter. Falcon Wealth Planning increased its holdings in ArrowMark Financial by 14.4% during the 3rd quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company’s stock worth $339,000 after purchasing an additional 2,054 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new position in shares of ArrowMark Financial during the 4th quarter worth about $348,000. Institutional investors and hedge funds 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.