Melissa Marano Thompson, Director at ArrowMark Financial Corp. (BANX), bought 3,000 shares at $18.77 ($56K) on 2026-03-27, disclosed to the SEC on 2026-03-31.
Director Melissa Marano Thompson purchased 1,500 shares for $28,147.50, marking the largest insider purchase in ArrowMark Financial Corp.'s history. This significant accumulation at $18.77 suggests confidence in the asset manager's value, particularly given the stock's recent pullback.
The stock is currently trading at $19.06, down 12.65% over the last 90 days and 19.47% below its 52-week high of $23.67.
The purchase is the largest insider buy in the company's history, signaling strong conviction from leadership; additionally, the industry saw a 2.03% buy percentage over the last 90 days, suggesting a favorable sector environment.
The stock offers a high dividend yield of 10.46%, which may raise concerns regarding the sustainability of payouts; furthermore, the stock has underperformed the market with a 12.65% decline over the last 90 days.
Nothing distinguishes this filing.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $18.77 | 1,500 | $28K | 50.0% |
| 2 | $18.77 | 1,500 | $28K | 50.0% |
| Total | $18.77 avg | 3,000 | $56K | 100% |