In a recent transaction, Winmill & Co. Inc, an affiliate of the registered investment adviser, has increased its stake in Bexil Investment Trust (NYSE:BXSY) with the purchase of shares valued at over $334,000. The transaction, which took place over two consecutive days, involved the acquisition of a total of 25,500 shares of beneficial interest in the investment trust.
On the first day, Winmill & Co. acquired 12,500 shares at a price of $13.3393 per share. The following day, the firm added another 13,000 shares to its portfolio, this time at a slightly lower price of $12.9294 per share. The total investment for these purchases amounted to approximately $334,823, with the price per share ranging between $12.9294 and $13.3393.
This move has increased Winmill & Co.'s holding in Bexil Investment Trust to a total of 104,390 shares. The reporting person, as noted in the document, is associated with the investment adviser of the issuer, indicating a closer relationship between the two entities.
Investors watching the activities of investment advisers and affiliates like Winmill & Co. may find such transactions indicative of the firm's confidence in Bexil Investment Trust's prospects. The details of these transactions were made public through a Form 4 filing with the Securities and Exchange Commission, which provides transparency on the trading activities of company insiders and affiliates.
The disclosed transaction is a clear sign of Winmill & Co.'s ongoing interest and investment in Bexil Investment Trust, reflecting a positive outlook on the investment trust's performance and potential returns.
InvestingPro Insights
In light of the recent acquisition by Winmill & Co., Bexil Investment Trust's (NYSE:BXSY) financial metrics provide additional context to assess the company's performance and outlook. According to the latest data:
- Bexil Investment Trust reported a revenue of $5.59 million over the last twelve months as of Q4 2023.
- The company experienced a decrease in revenue growth by 15.59% during the same period.
- The gross profit margin stood strong at 100%, indicating that the company was able to convert all of its revenue into gross profit.
Investors may consider these figures when evaluating the company's current financial health. The gross profit margin, in particular, could be a sign of operational efficiency and cost management effectiveness.
InvestingPro Tips highlight that Bexil Investment Trust has a significant dividend yield of 7.63% as of the most recent data, which could be attractive to income-focused investors. Additionally, the company's stock has seen a year-to-date price total return of 11.96%, outpacing many competitors in the market.
For those interested in a deeper dive into Bexil Investment Trust's performance, InvestingPro offers additional insights with numerous tips available on their platform. These tips could provide a more comprehensive understanding of the company's financial trajectory and investment potential.
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