ArrowMark Financial Corp. (NASDAQ:BANX - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.69 and traded as low as $19.41. ArrowMark Financial shares last traded at $19.67, with a volume of 51,440 shares.
ArrowMark Financial Trading Up 0.5%
The stock's fifty day moving average price is $19.39 and its 200-day moving average price is $20.69.
ArrowMark Financial Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 23rd were given a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Thursday, April 23rd.
Institutional Investors Weigh In On ArrowMark Financial
Hedge funds have recently modified their holdings of the business. Belpointe Asset Management LLC acquired a new stake in shares of ArrowMark Financial in the third quarter valued at about $204,000. Private Advisor Group LLC acquired a new stake in shares of ArrowMark Financial in the third quarter valued at about $205,000. Marshall Wace LLP acquired a new stake in shares of ArrowMark Financial in the second quarter valued at about $386,000. Osaic Holdings Inc. raised its position in shares of ArrowMark Financial by 26.5% in the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company's stock valued at $476,000 after buying an additional 4,762 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of ArrowMark Financial by 39.3% in the third quarter. Oppenheimer & Co. Inc. now owns 22,293 shares of the investment management company's stock valued at $489,000 after buying an additional 6,284 shares during the last quarter. 24.93% of the stock is currently owned by institutional investors and hedge funds.
About ArrowMark Financial
(
Get Free Report)
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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