ArrowMark Financial Corp. (NASDAQ:BANX – Get Rating) CEO Sanjai Bhonsle purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average cost of $14.28 per share, for a total transaction of $28,560.00. Following the transaction, the chief executive officer now owns 10,200 shares in the company, valued at approximately $145,656. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ArrowMark Financial Stock Performance
Shares of NASDAQ BANX opened at $14.90 on Tuesday. ArrowMark Financial Corp. has a fifty-two week low of $13.80 and a fifty-two week high of $20.50. The stock has a market cap of $105.78 million, a price-to-earnings ratio of 28.11 and a beta of 0.53. The firm’s 50-day simple moving average is $17.70 and its 200 day simple moving average is $17.76.
ArrowMark Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 24th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, March 23rd. This represents a $1.56 annualized dividend and a dividend yield of 10.47%. ArrowMark Financial’s dividend payout ratio is currently 294.35%.
Hedge Funds Weigh In On ArrowMark Financial
ArrowMark Financial Company 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.
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