Where Will Arrowmark Financial Corp (BANX) Stock Go Next After It Has Gained 2.11% in a Week?

The market has been high on Arrowmark Financial Corp (BANX) stock recently. BANX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Arrowmark Financial Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BANX!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With BANX Stock Today?

Arrowmark Financial Corp (BANX) stock is trading at $19.35 as of 11:13 AM on Monday, Mar 18, a rise of $0.13, or 0.65% from the previous closing price of $19.22. Volume today is 8,197 compared to average volume of 10,677. The stock has traded between $19.22 and $19.47 so far today. To see InvestorsObserver's Sentiment Score for Arrowmark Financial Corp click here.

More About Arrowmark Financial Corp

The companys primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation. The companys strategy is focused on income generation, capital preservation, credit quality and providing risk-adjusted rates of return. StoneCastle Financial Corp. invests in term loans, senior and subordinated debt securities, convertible securities, preferred equity and common equity. The investment strategy emphasizes risk-adjusted rates of return and value creation for shareholders. The Schedule of Investments can be found on the Companys website. Current investments are 30.2% in credit securitizations, 22.2% in term loans and other debt securities, 14.9% in preferred stock, 13.5% in pooled equity interest, 12.8% in ETFs, 2.2% in trust preferred securities, and the remaining 4.2% in other securities.2 A majority of the companys underlying investments are scored investment grade (BBB- or better) by Kroll Bond Rating Agency (KBRA). As a regulated investment company, StoneCastles leverage is limited to a maximum of 33.33%. The Company has approximately $98.6mm of total investments attributed to community banks and $11.7 million of total investments attributed to alternative capital securities in the investment portfolio. Click Here to get the full Stock Report for Arrowmark Financial Corp stock.