50,843 Shares in ArrowMark Financial Corp. $BANX Purchased by Almitas Capital LLC

Key Points

• Almitas Capital LLC acquired 50,843 shares of ArrowMark Financial (BANX) during the second quarter, valued at approximately $994,000 and representing a 0.65% stake.
• Institutional ownership remains notable at 24.93%, with ArrowMark Colorado Holdings substantially increasing its position by 488.4% to 808,076 shares.
• ArrowMark Financial shares opened at $20.65, while the company announced a monthly $0.15 dividend, equating to an annualized yield of approximately 8.7%.

Almitas Capital LLC bought a new stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 50,843 shares of the investment management company's stock, valued at approximately $994,000. Almitas Capital LLC owned 0.65% of ArrowMark Financial at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC lifted its stake in ArrowMark Financial by 488.4% in 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 last quarter. Raymond James Financial Inc. increased its position in shares of ArrowMark Financial by 0.8% in the 3rd quarter. Raymond James Financial Inc. now owns 179,070 shares of the investment management company's stock valued at $3,925,000 after purchasing an additional 1,414 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of ArrowMark Financial by 1.5% in the 4th quarter. Stifel Financial Corp now owns 155,804 shares of the investment management company's stock valued at $3,400,000 after purchasing an additional 2,281 shares in the last quarter. Noble Wealth Management PBC raised its holdings in shares of ArrowMark Financial by 0.8% in the 2nd quarter. Noble Wealth Management PBC now owns 107,197 shares of the investment management company's stock valued at $2,096,000 after purchasing an additional 884 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of ArrowMark Financial during the 4th quarter worth $1,513,000. 24.93% of the stock is owned by institutional investors and hedge funds.

ArrowMark Financial Stock Performance

ArrowMark Financial stock opened at $20.65 on Friday. ArrowMark Financial Corp. has a 1-year low of $18.45 and a 1-year high of $23.67. The stock's fifty day moving average is $20.12 and its two-hundred day moving average is $19.75.

ArrowMark Financial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.15 dividend. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date is Monday, August 24th.

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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