Oppenheimer & Co. Inc. boosted its position in ArrowMark Financial Corp. (NASDAQ:BANX – Free Report) by 15.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,274 shares of the investment management company’s stock after buying an additional 2,900 shares during the period. Oppenheimer & Co. Inc.’s holdings in ArrowMark Financial were worth $461,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. Capital Investment Advisors LLC increased its stake in shares of ArrowMark Financial by 3.0% during the 2nd quarter. Capital Investment Advisors LLC now owns 34,250 shares of the investment management company’s stock worth $631,000 after purchasing an additional 1,000 shares in the last quarter. Falcon Wealth Planning purchased a new position in shares of ArrowMark Financial during the 2nd quarter worth $264,000. Pathway Financial Advisers LLC lifted its position in ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock worth $321,000 after buying an additional 14,768 shares during the period. Finally, Catalina Capital Group LLC purchased a new position in shares of ArrowMark Financial during the 3rd quarter worth about $213,000. Hedge funds and other institutional investors own 24.93% of the company’s stock.
ArrowMark Financial Price Performance
Shares of NASDAQ BANX opened at $20.77 on Thursday. The firm has a fifty day moving average of $20.54 and a 200-day moving average of $19.55. ArrowMark Financial Corp. has a 52-week low of $16.90 and a 52-week high of $21.67.
ArrowMark Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.45 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.67%.
ArrowMark Financial Profile
(Free Report)
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.
See Also
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