Round Rock Advisors LLC Purchases Shares of 42,700 ArrowMark Financial Corp. (NASDAQ:BANX)

Round Rock Advisors LLC acquired a new stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,700 shares of the investment management company’s stock, valued at approximately $896,000. Round Rock Advisors LLC owned approximately 0.59% of ArrowMark Financial at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital Investment Advisors LLC raised its position in shares of ArrowMark Financial by 4.4% during the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock worth $740,000 after purchasing an additional 1,496 shares during the period. Oppenheimer & Co. Inc. raised its holdings in ArrowMark Financial by 15.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock worth $461,000 after buying an additional 2,900 shares during the period. Falcon Wealth Planning lifted its stake in ArrowMark Financial by 15.3% during the fourth quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company’s stock valued at $396,000 after buying an additional 2,500 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake 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 valued at $321,000 after buying an additional 14,768 shares in the last quarter. Finally, Catalina Capital Group LLC acquired a new position in shares of ArrowMark Financial in the third quarter worth about $213,000. Institutional investors and hedge funds own 24.93% of the company’s stock.

Insider Buying and Selling

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of ArrowMark Financial stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $21.28, for a total value of $53,200.00. Following the completion of the sale, the director now directly owns 6,225 shares in the company, valued at $132,468. The trade was a 28.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by corporate insiders.

ArrowMark Financial Price Performance

Shares of NASDAQ:BANX opened at $21.07 on Friday. The company’s fifty day moving average is $20.95 and its two-hundred day moving average is $20.46. ArrowMark Financial Corp. has a 12-month low of $17.91 and a 12-month high of $21.67.

ArrowMark Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date of this dividend was Thursday, December 26th.

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.