Greenwich Investment Management Inc. Has $3.69 Million Stock Position in StoneCastle Financial Corp (NASDAQ:BANX)

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Greenwich Investment Management Inc. boosted its stake in StoneCastle Financial Corp (NASDAQ:BANX) by 0.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,168 shares of the investment management company’s stock after buying an additional 882 shares during the period. StoneCastle Financial accounts for 3.6% of Greenwich Investment Management Inc.’s portfolio, making the stock its 10th biggest holding. Greenwich Investment Management Inc. owned about 2.58% of StoneCastle Financial worth $3,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Oxbow Advisors LLC lifted its holdings in StoneCastle Financial by 0.5% in the 1st quarter. Oxbow Advisors LLC now owns 281,207 shares of the investment management company’s stock valued at $6,025,000 after acquiring an additional 1,279 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in StoneCastle Financial by 12.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 16,156 shares of the investment management company’s stock valued at $346,000 after acquiring an additional 1,737 shares during the last quarter. Oak Grove Capital LLC lifted its holdings in StoneCastle Financial by 40.7% in the 1st quarter. Oak Grove Capital LLC now owns 22,516 shares of the investment management company’s stock valued at $482,000 after acquiring an additional 6,516 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in StoneCastle Financial by 1.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 422,637 shares of the investment management company’s stock valued at $9,055,000 after acquiring an additional 7,001 shares during the last quarter. Finally, Brinker Capital Inc. acquired a new stake in StoneCastle Financial in the 1st quarter valued at about $461,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

BANX stock opened at $22.19 on Wednesday. StoneCastle Financial Corp has a one year low of $16.75 and a one year high of $23.00. The stock has a market capitalization of $144.56 million, a price-to-earnings ratio of 13.53 and a beta of 0.43. The firm’s 50-day moving average price is $21.83.

BANX has been the subject of a number of research analyst reports. National Securities reissued a “buy” rating and issued a $25.00 price target on shares of StoneCastle Financial in a report on Monday, May 6th. Zacks Investment Research lowered shares of StoneCastle Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.50.

StoneCastle Financial Company Profile

StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies.

See Also: What does a hold rating mean?

Institutional Ownership by Quarter for StoneCastle Financial (NASDAQ:BANX)

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