ArrowMark Financial Corp. (BANX) to Issue Monthly Dividend of $0.15 on June 30th

ArrowMark Financial Corp. (NASDAQ:BANX) declared a monthly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.15 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date is Tuesday, June 23rd.

ArrowMark Financial Price Performance

Shares of NASDAQ:BANX opened at $19.61 on Friday. ArrowMark Financial has a 12-month low of $18.45 and a 12-month high of $23.67. The business’s 50 day moving average is $19.64 and its 200 day moving average is $20.30.

Hedge Funds Weigh In On ArrowMark Financial

Hedge funds have recently bought and sold shares of the company. Everstar Asset Management LLC increased its holdings in ArrowMark Financial by 2.5% during the first quarter. Everstar Asset Management LLC now owns 47,345 shares of the investment management company’s stock worth $902,000 after buying an additional 1,153 shares during the last quarter. Private Advisor Group LLC raised its position in ArrowMark Financial by 11.4% in the first quarter. Private Advisor Group LLC now owns 12,268 shares of the investment management company’s stock worth $234,000 after acquiring an additional 1,257 shares during the period. Raymond James Financial Inc. boosted its stake in ArrowMark Financial by 0.8% in the third quarter. Raymond James Financial Inc. now owns 179,070 shares of the investment management company’s stock valued at $3,925,000 after acquiring an additional 1,414 shares during the last quarter. Stifel Financial Corp boosted its stake in ArrowMark Financial by 1.5% in the fourth quarter. Stifel Financial Corp now owns 155,804 shares of the investment management company’s stock valued at $3,400,000 after acquiring an additional 2,281 shares during the last quarter. Finally, Noble Wealth Management PBC grew its position in shares of ArrowMark Financial by 3.9% during the 4th quarter. Noble Wealth Management PBC now owns 80,711 shares of the investment management company’s stock valued at $1,761,000 after acquiring an additional 3,032 shares during the period. 24.93% of the stock is owned by hedge funds and other institutional investors.

ArrowMark Financial Company Profile

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.