ArrowMark Financial Corp. (NASDAQ:BANX – Get Free Report) announced a monthly dividend on Friday, August 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.15 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, August 24th.
ArrowMark Financial Trading Up 0.0%
Shares of NASDAQ BANX opened at $20.71 on Friday. ArrowMark Financial has a 1-year low of $18.45 and a 1-year high of $23.67. The business’s 50 day moving average is $20.04 and its 200-day moving average is $19.77.
Institutional Investors Weigh In On ArrowMark Financial
A number of institutional investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC increased its position in ArrowMark Financial by 488.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 808,076 shares of the investment management company’s stock worth $17,632,000 after acquiring an additional 670,749 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in shares of ArrowMark Financial in the fourth quarter valued at approximately $1,513,000. Almitas Capital LLC bought a new stake in shares of ArrowMark Financial in the second quarter valued at approximately $994,000. Marshall Wace LLP bought a new stake in shares of ArrowMark Financial in the second quarter valued at approximately $386,000. Finally, Osaic Holdings Inc. grew its position in ArrowMark Financial by 36.9% during the fourth quarter. Osaic Holdings Inc. now owns 46,816 shares of the investment management company’s stock worth $1,022,000 after buying an additional 12,608 shares in the last quarter. Institutional investors own 24.93% of the company’s stock.
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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