Capital Investment Advisors LLC acquired a new position in ArrowMark Financial Corp. (NASDAQ:BANX – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,550 shares of the investment management company's stock, valued at approximately $251,000. Capital Investment Advisors LLC owned about 0.20% of ArrowMark Financial at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Millennium Management LLC bought a new position in shares of ArrowMark Financial in the second quarter worth approximately $275,000. Bard Associates Inc. grew its position in ArrowMark Financial by 4.0% during the second quarter. Bard Associates Inc. now owns 41,315 shares of the investment management company's stock valued at $793,000 after acquiring an additional 1,600 shares during the last quarter. UBS Group AG bought a new position in ArrowMark Financial during the second quarter valued at approximately $36,000. Cambridge Investment Research Advisors Inc. grew its position in ArrowMark Financial by 8.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 16,309 shares of the investment management company's stock valued at $313,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in ArrowMark Financial by 20.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 106,389 shares of the investment management company's stock valued at $2,288,000 after acquiring an additional 17,777 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors.
Get ArrowMark Financial alerts:ArrowMark Financial Price Performance
Shares of NASDAQ BANX opened at $17.34 on Friday. ArrowMark Financial Corp. has a one year low of $16.32 and a one year high of $24.19. The firm's 50 day simple moving average is $17.10 and its two-hundred day simple moving average is $18.07. The stock has a market capitalization of $123.10 million, a P/E ratio of 32.72 and a beta of 0.55.
About ArrowMark Financial
(Get Rating)StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies.
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