NEW YORK, November 3, 2019 – Shares of StoneCastle Financial Corp. (NASDAQ: BANX) lost -0.18% to $22.63. The stock grabbed the investor’s attention and traded 7.477K shares as compared to its average daily volume of 12.37K shares. The stock’s institutional ownership stands at 24.74%.
StoneCastle Financial Corp. (BANX) reported net investment income of $2.466M or $0.38 per share, comprised of $4.043M gross income and $1.577M of expenses. Net Assets at quarter end were $142.937M. The Company’s Net Asset Value was $21.80 per share. The unrealized appreciation of the portfolio increased $1.235M, or $0.19.
The Company had $24.0M outstanding on its $62.00M credit facility at the quarter end, which represents approximately 14% of total assets. According to regulated investment company rules, the Company may borrow only up to 33.3% of its total assets.
Portfolio and Investment Summary:
As of the close of business on June 30, 2019, the Company had total assets of $168.153M consisting of total investments of $165.115M, cash of $159.250K, and other assets of $2.878M. Other assets include interest and dividends receivable of $2.226M and prepaid assets of $651.965K.
During the quarter, the Company invested a total of $4.490M in Fidelity Federal Bancorp Fixed Rate Cumulative Perpetual Preferred Series A and B, 9%. The Company received full call proceeds of $12.899M from three investments.
BANX has a market value of $148.39M while its EPS was booked as $1.45 in the last 12 months. The stock has 6.56M shares outstanding. Analyst recommendation for this stock stands at 1.70.