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DENVER—Dana Staggs, President of ArrowMark Financial Corp. (NASDAQ:BANX), recently acquired shares of the company's common stock, according to a filing with the Securities and Exchange Commission. On April 9, Staggs purchased 149 shares at a weighted average price of $18.37 per share, totaling approximately $2,737. Following this transaction, Staggs holds a total of 5,750 shares directly. The insider purchase comes as the stock trades at an attractive P/E ratio of 8x, with a notable dividend yield of 15.8%. According to InvestingPro, the company has maintained dividend payments for 13 consecutive years.
The purchase reflects Staggs's ongoing commitment to the company, where he serves in a key leadership role. ArrowMark Financial, formerly known as StoneCastle Financial Corp., is headquartered in Denver, Colorado. With a market capitalization of $133 million and profitable operations over the last twelve months, the company demonstrates strong financial health. InvestingPro analysis reveals additional insights about the company's valuation and growth prospects, with multiple ProTips available for subscribers.
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