BANX
ArrowMark FinancialBANX
BANX
About: ArrowMark Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investments in various portfolios such as debt securities, Trust Preferred and Preferred Securities, preferred securities, exchange-traded funds, money market funds and others.
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
15% more funds holding
Funds holding: 27 [Q3] → 31 (+4) [Q4]
4% more capital invested
Capital invested by funds: $19.1M [Q3] → $19.8M (+$734K) [Q4]
0.33% more ownership
Funds ownership: 12.93% [Q3] → 13.26% (+0.33%) [Q4]
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
19% less call options, than puts
Call options by funds: $165K | Put options by funds: $203K
Research analyst outlook
We haven’t received any recent analyst ratings for BANX.
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
5 Best CEFs This Month For Yields Up To 14%
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Neutral
GlobeNewsWire
2 weeks ago
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of February 2025
DENVER, March 19, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of February 28, 2025, was $22.04.
Neutral
GlobeNewsWire
4 weeks ago
ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.45 per Share for the First Quarter 2025
DENVER, March 05, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.45 per share for the first quarter 2025. The total distribution of $0.55 per share will be payable on March 27, 2025 to shareholders of record on March 20, 2025.
Neutral
GlobeNewsWire
1 month ago
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of January 2025
DENVER, Feb. 26, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of January 31, 2025, was $22.11.
Positive
Seeking Alpha
1 month ago
5 Best CEFs This Month: Average Yield Of 10% (February 2025)
For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Positive
Seeking Alpha
1 month ago
BANX: 8.5% Income Yield, Fully Covered Distribution, But Is It A Buy?
ArrowMark Financial Corp. focuses on high income through investments in Regulatory Capital Relief Securities, comprising 87% of its portfolio, primarily issued by major banks. BANX currently offers an attractive and fully covered 8.5% distribution yield and is currently trading at a discount of roughly -3.5% (based on NAV as of Dec. 31, 2024). It is probably a good bet on getting consistent and fully covered high income, as long as interest rates stay reasonably high. However, there are some risks involved, and the fund may be a bit pricey as the discount has significantly narrowed during the last six months.
Positive
Seeking Alpha
1 month ago
BANX: Continuing To Deliver Solid Income To Investors
ArrowMark Financial Corp (BANX) has seen some strong total returns since our prior update, some of this was thanks to further discount narrowing. BANX invests in regulatory capital securities of financial institutions, offering a unique fixed-income exposure, delivering an 8.50% yield with strong distribution coverage. The fund's narrow discount does mean we remain more neutral; however, being able to deliver consistent quarterly distributions can still make it appropriate for income-seeking investors.
Positive
Seeking Alpha
2 months ago
5 Best CEFs This Month For Nearly 10% Yield (January 2025)
For income investors, closed-end funds, or CEFs, remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. CEFs are generally characterized by higher volatility and deeper draw-downs than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer “excess” discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.
Neutral
GlobeNewsWire
2 months ago
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of December 2024
DENVER, Jan. 15, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of December 31, 2024, was $21.80.
Positive
Seeking Alpha
2 months ago
BANX: Decent Income, Occasional Risks
ArrowMark Financial Corp offers a high dividend yield near 10%, but better yields exist with similar or better credit risks. BANX's portfolio focuses on regulatory capital relief securities, providing high yields through floating rates and modest leverage. Future income may decline slightly with projected rate cuts, and BANX lacks significant capital appreciation potential compared to other funds.
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