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 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
8% more funds holding
Funds holding: 25 [Q2] → 27 (+2) [Q3]
5.76% less ownership
Funds ownership: 18.69% [Q2] → 12.93% (-5.76%) [Q3]
22% less capital invested
Capital invested by funds: $24.5M [Q2] → $19.1M (-$5.45M) [Q3]
44% less call options, than puts
Call options by funds: $79K | Put options by funds: $142K
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for BANX.
Financial journalist opinion
Based on 3 articles about BANX published over the past 30 days
Positive
Seeking Alpha
4 days ago
3 Solid Income Picks For A Safer Retirement
Banks are masterfully skilled at extracting profits from everyday interactions. You likely can't beat them at their skills, but you can join them. We look at two avenues to invest like a bank and earn high income.
Neutral
GlobeNewsWire
1 week ago
ArrowMark Financial Corp. Announces Q3 2024 Results and Releases Month End Estimated Net Asset Value as of November 2024
DENVER, Dec. 17, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of November 30, 2024, was $22.24.
Neutral
GlobeNewsWire
3 weeks ago
ArrowMark Financial Corp. Announces Special Distribution of $0.20 and Regular Cash Distribution of $0.45 per Share for the Fourth Quarter 2024
DENVER, Dec. 04, 2024 (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 $0.20 per share generated from excess income, and a regular cash distribution of $0.45 per share for the fourth quarter 2024. The total distribution of $0.65 per share will be payable on January 3, 2025 to shareholders of record on December 26, 2024.
Neutral
GlobeNewsWire
1 month ago
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of October 2024
DENVER, Nov. 19, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of October 31, 2024, was $22.02.
Positive
Seeking Alpha
1 month ago
2 Ultra-Cheap Big Yields For Passive Recurrent Income
I love to buy income that's on sale. We have two discounted funds to scoop up today. Own the basics of society and our economy, so money never stops pouring into your account. Don't get distracted by the latest fad; own the basics for the strongest income.
Positive
Seeking Alpha
2 months ago
BANX And PDX: Generating Attractive Distributions With Upside Potential
ArrowMark Financial Corp and PIMCO Dynamic Income Strategy Fund offer attractive distributions with the potential for future payout increases or specials. If we don't see increases or specials paid out, then these funds look like they have a good chance at some capital appreciation if they are retaining cash flow and gains. These funds are also trading at discounts to their NAV per share, so they aren't looking overvalued and are fairly attractive to consider initiating positions.
Neutral
GlobeNewsWire
2 months ago
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of September 2024
DENVER, Oct. 14, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of September 30, 2024, was $21.73.
Positive
Seeking Alpha
2 months ago
5 Best CEFs This Month For 9% Plus Yield (September 2024)
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
3 months ago
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of August 2024
DENVER, Sept. 17, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of August 31, 2024, was $21.99.
Neutral
GlobeNewsWire
3 months ago
ArrowMark Financial Corp. Announces Q2 2024 Results and Cash Distribution of $0.45 per Share for the Third Quarter 2024
DENVER, Sept. 16, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial" or the “Fund”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of $0.45 per share for the third quarter 2024. The distribution of $0.45 per share will be payable on September 30, 2024 to shareholders of record on September 26, 2024.
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