John Scott Emrich Sells 500 Shares of ArrowMark Financial Corp. (NASDAQ:BANX) Stock

ArrowMark Financial Corp. (NASDAQ:BANX) Director John Scott Emrich sold 500 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $21.20, for a total transaction of $10,600.00. Following the sale, the director now owns 5,725 shares of the company’s stock, valued at approximately $121,370. The trade was a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

John Scott Emrich also recently made the following trade(s):

• On Friday, January 24th, John Scott Emrich sold 2,500 shares of ArrowMark Financial stock. The stock was sold at an average price of $21.28, for a total transaction of $53,200.00.

ArrowMark Financial Stock Performance

ArrowMark Financial stock opened at $20.93 on Friday. ArrowMark Financial Corp. has a 12-month low of $17.91 and a 12-month high of $21.67. The company has a 50-day moving average price of $21.03 and a 200 day moving average price of $20.65.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 26th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date was Thursday, December 26th.

Institutional Investors Weigh In On ArrowMark Financial

Institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont acquired a new stake in shares of ArrowMark Financial during the fourth quarter valued at about $58,000. Catalina Capital Group LLC acquired a new stake in shares of ArrowMark Financial during the third quarter valued at about $213,000. Millennium Management LLC acquired a new stake in shares of ArrowMark Financial during the fourth quarter valued at about $220,000. Principal Street Partners LLC acquired a new stake in shares of ArrowMark Financial during the fourth quarter valued at about $261,000. Finally, Pathway Financial Advisers LLC boosted its stake in shares of ArrowMark Financial by 1,969.1% in the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after purchasing an additional 14,768 shares during the period. 24.93% of the stock is currently owned by institutional investors and hedge funds.

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.