Punch Associates Investment Management buys $11,103,505 stake in StoneCastle Financial Corp (BANX)

StoneCastle Financial Corp (BANX) : Punch Associates Investment Management scooped up 50,985 additional shares in StoneCastle Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 594,088 shares of StoneCastle Financial Corp which is valued at $11,103,505.StoneCastle Financial Corp makes up approximately 1.24% of Punch Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Fenimore Asset Management Inc reduced its stake in BANX by selling 3,825 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 269,775 shares of BANX which is valued at $5,042,095. StoneCastle Financial Corp makes up approx 0.24% of Fenimore Asset Management Inc’s portfolio.

StoneCastle Financial Corp closed down -0.01 points or -0.05% at $18.69 with 8,715 shares getting traded on Monday. Post opening the session at $18.6371, the shares hit an intraday low of $18.619 and an intraday high of $18.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on StoneCastle Financial Corp. StoneCastle Financial Corp was Upgraded by Keefe Bruyette to ” Outperform” on Jun 1, 2016.

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.

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