In a recent transaction, Winmill & Co. Inc, an affiliate of the registered investment adviser for Bexil Investment Trust (NYSE:BXSY), has increased its stake in the company with the purchase of shares valued at over $283,000.
The transactions, which took place on July 17 and 18, saw Winmill & Co. acquiring a total of 21,220 shares of Bexil Investment Trust. The shares were bought at prices ranging from $13.3354 to $13.35. Following these purchases, Winmill & Co.'s holdings in the company have risen to 47,130 shares of beneficial interest.
These recent acquisitions by Winmill & Co. demonstrate a significant investment in Bexil Investment Trust, reflecting a bullish stance on the company's future performance. The company's increased ownership is a move that investors typically watch closely as it may signal confidence in the company's prospects.
The detailed report of these transactions was filed with the Securities and Exchange Commission, which provides transparency into the trading activities of companies and their affiliated persons. The filings are a valuable source of information for investors looking to understand changes in company ownership and potential impacts on the stock's performance.
Bexil Investment Trust, traded under the ticker BXSY, is a company incorporated in Delaware, and its business address is located in Rochester, NY. The trust's exact nature of business is not specified under the Standard Industrial Classification codes, but it operates within the financial industry.
Investors and market watchers often scrutinize such transactions as they may provide insights into the company's internal expectations and the value seen by insiders or affiliated entities. With the latest acquisition by Winmill & Co., market participants may take a closer look at Bexil Investment Trust's activities and future announcements.
InvestingPro Insights
As Winmill & Co. Inc reinforces its confidence in Bexil Investment Trust (NYSE:BXSY) through strategic share purchases, a glimpse into the company's financials could provide further insights into this bullish behavior. According to recent data, Bexil Investment Trust reported a revenue of $5.59 million for the last twelve months as of Q4 2023. Despite a downturn in revenue growth during the same period, with a -15.59% year-over-year decline, the company has maintained a remarkably high gross profit margin of 100%, which may underpin Winmill & Co.'s investment rationale.
Investors might also be intrigued by Bexil's solid adjusted operating income of $2.53 million and its basic and diluted EPS (earnings per share) from continuing operations, both standing at $3.35. These figures highlight a level of operational efficiency and profitability that could be driving the increased stake from Winmill & Co.
From a shareholder return perspective, Bexil has demonstrated an attractive dividend yield of 7.5%, with the last dividend's ex-date being June 17, 2024. This yield, coupled with a robust 1-year price total return of 24.04%, might be appealing to income-focused investors as well as those looking for capital appreciation.
For those interested in a deeper dive into Bexil Investment Trust's financial health and future prospects, InvestingPro offers additional insights. Currently, there are 5 more InvestingPro Tips available that could help investors make more informed decisions. To access these insights, consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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