ArrowMark Financial Corp. (NASDAQ:BANX) Stock Holdings Cut by Bard Associates Inc.

Bard Associates Inc. trimmed its holdings in shares of ArrowMark Financial Corp. (NASDAQ:BANX) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,810 shares of the investment management company’s stock after selling 800 shares during the period. Bard Associates Inc. owned about 0.58% of ArrowMark Financial worth $865,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BANX. Capital Investment Advisors LLC boosted its holdings in shares of ArrowMark Financial by 4.4% during the third quarter. Capital Investment Advisors LLC now owns 35,746 shares of the investment management company’s stock worth $740,000 after purchasing an additional 1,496 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of ArrowMark Financial by 15.0% in the third quarter. Oppenheimer & Co. Inc. now owns 22,274 shares of the investment management company’s stock valued at $461,000 after purchasing an additional 2,900 shares during the period. Falcon Wealth Planning boosted its holdings in shares of ArrowMark Financial by 14.4% during the 3rd quarter. Falcon Wealth Planning now owns 16,362 shares of the investment management company’s stock worth $339,000 after buying an additional 2,054 shares during the period. Pathway Financial Advisers LLC boosted its holdings in ArrowMark Financial by 1,969.1% during the third quarter. Pathway Financial Advisers LLC now owns 15,518 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 14,768 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in shares of ArrowMark Financial during the 3rd quarter worth about $213,000. 24.93% of the stock is currently owned by institutional investors and hedge funds.

ArrowMark Financial Trading Down 1.6 %

Shares of ArrowMark Financial stock opened at $20.25 on Friday. ArrowMark Financial Corp. has a twelve month low of $16.67 and a twelve month high of $21.67. The firm’s 50-day simple moving average is $20.54 and its 200-day simple moving average is $19.49.

ArrowMark Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.80 annualized dividend and a yield of 8.89%.

ArrowMark Financial 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.