Oxbow Advisors LLC Has $213,000 Position in ArrowMark Financial Corp. (NASDAQ:BANX)

Oxbow Advisors LLC lowered its position in ArrowMark Financial Corp. (NASDAQ:BANX) by 40.8% in the first quarter, HoldingsChannel.com reports. The fund owned 11,220 shares of the investment management company’s stock after selling 7,748 shares during the quarter. Oxbow Advisors LLC’s holdings in ArrowMark Financial were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Capital Investment Advisors LLC lifted its stake in shares of ArrowMark Financial by 4.0% during the 4th quarter. Capital Investment Advisors LLC now owns 32,250 shares of the investment management company’s stock worth $586,000 after buying an additional 1,250 shares during the last quarter. 24.93% of the stock is owned by institutional investors.

ArrowMark Financial Stock Performance

Shares of NASDAQ BANX traded down $0.03 during mid-day trading on Friday, reaching $18.76. 1,050 shares of the company were exchanged, compared to its average volume of 16,589. The company’s 50-day simple moving average is $18.43 and its 200-day simple moving average is $18.48. ArrowMark Financial Corp. has a twelve month low of $16.26 and a twelve month high of $19.50.

ArrowMark Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend was Monday, June 24th.

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.