ArrowMark Financial Corp. (NASDAQ:BANX) Short Interest Down 19.1% in January

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 19,500 shares, a decrease of 19.1% from the January 15th total of 24,100 shares. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is presently 1.0 days.

ArrowMark Financial Stock Performance

Shares of NASDAQ:BANX opened at $21.00 on Monday. The business has a 50-day moving average of $21.01 and a two-hundred day moving average of $20.59. ArrowMark Financial has a 12 month low of $17.91 and a 12 month high of $21.67.

ArrowMark Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 26th were paid a $0.45 dividend. The ex-dividend date was Thursday, December 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.57%.

Insider Activity at ArrowMark Financial

In other ArrowMark Financial news, Director John Scott Emrich sold 2,500 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $21.28, for a total transaction 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. This represents a 28.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

Institutional Investors Weigh In On ArrowMark Financial

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of ArrowMark Financial in the fourth quarter valued at about $3,957,000. Stifel Financial Corp grew its stake in shares of ArrowMark Financial by 4.2% in the fourth quarter. Stifel Financial Corp now owns 167,707 shares of the investment management company’s stock valued at $3,519,000 after buying an additional 6,683 shares in the last quarter. Round Rock Advisors LLC acquired a new stake in shares of ArrowMark Financial in the fourth quarter valued at about $896,000. Capital Investment Advisors LLC grew its stake in shares of ArrowMark Financial by 4.4% in the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock valued at $740,000 after buying an additional 1,496 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in ArrowMark Financial by 7.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company’s stock valued at $502,000 after purchasing an additional 1,655 shares in the last quarter. Institutional investors and hedge funds own 24.93% of the company’s stock.

About ArrowMark Financial

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.