Winmill & Co. Inc, an investment advisory firm, has recently made a significant purchase of shares in Bexil Investment Trust (NYSE:BXSY). The company acquired a total of 6,305 shares across two separate transactions, with a combined value exceeding $83,000.
The first transaction, dated July 30, 2024, involved the purchase of 6,105 shares at a price of $13.2993 per share, amounting to roughly $81,195. The following day, Winmill & Co. continued to increase its stake in Bexil Investment Trust by acquiring an additional 200 shares at a slightly lower price of $13.26 per share, totaling approximately $2,652.
Following these purchases, Winmill & Co.'s holdings in Bexil Investment Trust shares have grown significantly, showcasing the company's continued investment in the trust. The transactions occurred within a price range between $13.26 and $13.2993, reflecting a consistent investment strategy.
The disclosure of these transactions provides current and potential investors with insight into Winmill & Co.'s investment moves and its growing position within Bexil Investment Trust. With these latest acquisitions, Winmill & Co. now holds a total of 78,890 shares in the trust. The firm is noted to be an affiliate of the registered investment adviser of Bexil Investment Trust, as mentioned in the remarks of the ownership document.
Investors often monitor such filings to gauge the confidence and actions of company insiders and affiliates, which can be indicative of the company's future performance and strategic direction.
InvestingPro Insights
As Winmill & Co. Inc increases its stake in Bexil Investment Trust (NYSE:BXSY), investors are closely watching the company's financial performance. 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 challenging environment, the company maintained a gross profit margin of 100% over the same period, with an operating income of $2.53 million, indicating efficient management of its operations.
The company's basic and diluted earnings per share (EPS) for continuing operations stood strong at $3.35, which is a key metric for assessing a company's profitability on a per-share basis. Additionally, Bexil Investment Trust has a notable dividend yield of 7.55%, with its last dividend ex-date being June 17, 2024. This could suggest a potential income-generating opportunity for investors, aligning with Winmill & Co.’s investment strategy.
InvestingPro Tips reveal that Bexil Investment Trust has experienced a positive price total return over various time frames, with a 21.88% increase over the past year and a 13.24% year-to-date return, reflecting a potentially attractive growth trajectory for the company. Investors may find these returns particularly compelling, as they consider the company's recent stock performance and Winmill & Co.'s investment decisions. There are currently 5 additional InvestingPro Tips available that could provide further insight into Bexil Investment Trust's financial health and investment potential.
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