Stonecastle Financial Corp. (BANX): George Shilowitz , President of Stonecastle Financial Corp. purchased 1,000 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.92 per share for a total value of $16,922.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 26, 2016, George Shilowitz (President) purchased 250 shares at $16.85 per share price.On Nov 19, 2015, Joshua S. Siegel (CEO) purchased 800 shares at $16.65 per share price.Also, On May 26, 2015, Patrick Joseph Farrell (CFO) purchased 500 shares at $16.96 per share price.
Shares of StoneCastle Financial Corp (BANX) ended Friday, May 27, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -1.07% at $16.6 with 21,132 shares getting traded. Post opening the session at $16.8805, the shares hit an intraday low of $16.5601 and an intraday high of $17.1 and the price vacillated in this range throughout the day. The company has a market cap of $108 M and the number of outstanding shares has been calculated to be 65,10,953 shares. The 52-week high of StoneCastle Financial Corp is $18.365 and the 52-week low is $13.81.
StoneCastle Financial Corp. (StoneCastle Financial) is a non-diversified closed-end management investment company. The Company’s 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.