ArrowMark Financial Corp. (NASDAQ:BANX) Sees Significant Increase in Short Interest

ArrowMark Financial Corp. (NASDAQ:BANX) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 21,424 shares, a growth of 34.1% from the November 30th total of 15,975 shares. Based on an average daily volume of 31,265 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 31,265 shares, the short-interest ratio is currently 0.7 days.

ArrowMark Financial Stock Down 0.4%

NASDAQ:BANX opened at $21.73 on Tuesday. The firm has a market capitalization of $154.96 million, a P/E ratio of 47.24 and a beta of 0.19. The company has a fifty day moving average of $21.65 and a 200 day moving average of $21.28. ArrowMark Financial has a 52 week low of $17.99 and a 52 week high of $23.67.

ArrowMark Financial Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BANX. Catalina Capital Group LLC grew its position in shares of ArrowMark Financial by 51.9% in the 2nd quarter. Catalina Capital Group LLC now owns 15,678 shares of the investment management company’s stock worth $328,000 after buying an additional 5,354 shares during the last quarter. Everstar Asset Management LLC lifted its stake in ArrowMark Financial by 68.7% in the second quarter. Everstar Asset Management LLC now owns 40,422 shares of the investment management company’s stock worth $846,000 after acquiring an additional 16,457 shares during the period. Marshall Wace LLP bought a new stake in ArrowMark Financial in the second quarter valued at $386,000. Osaic Holdings Inc. boosted its holdings in ArrowMark Financial by 26.5% in the second quarter. Osaic Holdings Inc. now owns 22,721 shares of the investment management company’s stock valued at $476,000 after acquiring an additional 4,762 shares in the last quarter. Finally, Accurate Wealth Management LLC purchased a new position in ArrowMark Financial during the 3rd quarter valued at $311,000. Institutional investors own 24.93% of the company’s stock.

About ArrowMark Financial

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.