ArrowMark Financial Corp. (NASDAQ:BANX) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 3.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,828 shares of the investment management company’s stock after purchasing an additional 899 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.35% of ArrowMark Financial worth $523,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BANX. Raymond James Financial Inc. acquired a new stake in ArrowMark Financial during the 4th quarter valued at approximately $3,957,000. Stifel Financial Corp boosted its holdings in 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 purchasing an additional 6,683 shares during the last quarter. Noble Wealth Management PBC grew its holdings in ArrowMark Financial by 202.0% during the first quarter. Noble Wealth Management PBC now owns 50,121 shares of the investment management company’s stock worth $1,055,000 after acquiring an additional 33,522 shares during the period. Everstar Asset Management LLC increased its holdings in shares of ArrowMark Financial by 6.0% during the 4th quarter. Everstar Asset Management LLC now owns 23,198 shares of the investment management company’s stock valued at $487,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Principal Street Partners LLC acquired a new position in shares of ArrowMark Financial in the 4th quarter valued at $261,000. Institutional investors and hedge funds own 24.93% of the company’s stock.

ArrowMark Financial Stock Up 0.3%

BANX opened at $20.99 on Wednesday. The company has a fifty day moving average of $20.33 and a two-hundred day moving average of $20.61. ArrowMark Financial Corp. has a fifty-two week low of $17.99 and a fifty-two week high of $21.67.

ArrowMark Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend was Monday, June 23rd.

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.