ArrowMark Financial (NASDAQ:BANX) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

ArrowMark Financial Corp. (NASDAQ:BANX) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.59 and traded as high as $22.50. ArrowMark Financial shares last traded at $22.32, with a volume of 60,756 shares.

ArrowMark Financial Stock Performance

The company has a 50-day moving average of $21.59 and a 200-day moving average of $21.22. The stock has a market cap of $159.14 million, a price-to-earnings ratio of 48.52 and a beta of 0.19.

ArrowMark Financial Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 22nd will be given a $0.10 dividend. The ex-dividend date is Thursday, January 22nd. ArrowMark Financial’s dividend payout ratio (DPR) is 391.30%.

Institutional Trading of ArrowMark Financial

Several hedge funds have recently made changes to their positions in BANX. Belpointe Asset Management LLC purchased a new stake in shares of ArrowMark Financial in the third quarter valued at about $204,000. Private Advisor Group LLC acquired a new stake in ArrowMark Financial in the third quarter valued at about $205,000. Accurate Wealth Management LLC purchased a new stake in ArrowMark Financial in the 3rd quarter valued at approximately $311,000. Catalina Capital Group LLC boosted its stake in shares of ArrowMark Financial by 51.9% in the second quarter. Catalina Capital Group LLC now owns 15,678 shares of the investment management company’s stock valued at $328,000 after buying an additional 5,354 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of ArrowMark Financial during the 2nd quarter worth $386,000. Institutional investors and hedge funds own 24.93% of the company’s stock.

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.