12,455 Shares in ArrowMark Financial Corp. (NASDAQ:BANX) Bought by Principal Street Partners LLC

Principal Street Partners LLC acquired a new position in shares of ArrowMark Financial Corp. (NASDAQ:BANX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,455 shares of the investment management company's stock, valued at approximately $261,000. Principal Street Partners LLC owned approximately 0.17% of ArrowMark Financial at the end of the most recent quarter.Get ArrowMark Financial alerts:Several other hedge funds and other institutional investors have also modified their holdings of BANX. Trust Co. of Vermont bought a new position in ArrowMark Financial during the fourth quarter valued at about $58,000. Falcon Wealth Planning raised its holdings in ArrowMark Financial by 15.3% during the fourth quarter. Falcon Wealth Planning now owns 18,862 shares of the investment management company's stock valued at $396,000 after buying an additional 2,500 shares in the last quarter. Round Rock Advisors LLC bought a new position in ArrowMark Financial during the fourth quarter valued at about $896,000. Oppenheimer & Co. Inc. raised its holdings in ArrowMark Financial by 7.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,929 shares of the investment management company's stock valued at $502,000 after buying an additional 1,655 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new position in ArrowMark Financial during the fourth quarter valued at about $348,000. 24.93% of the stock is currently owned by hedge funds and other institutional investors. ArrowMark Financial Stock PerformanceNASDAQ BANX opened at $20.32 on Wednesday. ArrowMark Financial Corp. has a fifty-two week low of $17.91 and a fifty-two week high of $21.67. The stock's 50-day moving average is $20.15 and its two-hundred day moving average is $20.67. ArrowMark Financial Announces DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.80 annualized dividend and a yield of 8.86%. About ArrowMark Financial (Free Report)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.Featured StoriesFive stocks we like better than ArrowMark FinancialWhat is the Nasdaq? Complete Overview with HistoryTop 5 Stocks Hedge Funds Are Buying Right NowBasic Materials Stocks InvestingViking Holdings Posts Strong Q1, Eyes Growth AheadWhat Are Dividend Champions? How to Invest in the Champions2 Reasons Netflix’s 40% Rally Is Far From OverThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in ArrowMark Financial Right Now?Before you consider ArrowMark Financial, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ArrowMark Financial wasn't on the list.While ArrowMark Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here