Large Inflow of Money Witnessed in StoneCastle Financial Corp

StoneCastle Financial Corp (NASDAQ:BANX) : $0.23 million worth of transactions were on upticks in StoneCastle Financial Corp (NASDAQ:BANX), compared to $0.05 million on downticks. The ratio between the two was 4.58, whereas, the net money flow stood at a healthy $0.18 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $0.01 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -1.04%. The stock was trading at $18.07, with a drop of $0.19 over the previous days close. The stock recorded 0.67% for the week.


In an insider trading activity, Shilowitz George, director officer (President) of Stonecastle Financial Corp., executed a transaction worth $16,920 on May 26, 2016. A total of 1,000 shares were purchased at an average price of $16.92. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 8.02% of StoneCastle Financial Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 10.87% . Institutional Investors own 26.75% of StoneCastle Financial Corp shares. During last six month period, the net percent change held by insiders has seen a change of 10.87%.

StoneCastle Financial Corp (NASDAQ:BANX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.55 and $17.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.31, notching a gain of 0.27% for the day. The total traded volume was 18,562 . The stock had closed at $18.26 on the previous day.

StoneCastle Financial Corp. (StoneCastle Financial) is a non-diversified, closed-end management investment company. The Companys primary investment objective is to provide stockholders with current income and capital appreciation. The Company seeks to achieve its investment objectives through investments in preferred equity, subordinated debt, convertible securities and, common equity primarily in the United States community bank sector. The Company may also invest in similar securities of the United States domiciled banks and companies that provide goods and services to banking companies. StoneCastle Asset Management LLC serves as investment adviser to the Company.

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