Winmill & Co. Inc has recently increased its stake in Bexil Investment Trust (NYSE:BXSY), with a purchase of shares valued at $79,821. The transaction, which took place on August 7, 2024, involved the acquisition of 6,320 shares at a price of $12.63 each.
This latest buy brings the total number of shares owned by Winmill & Co. in Bexil Investment Trust to 129,129. The transaction is a clear indication of Winmill & Co.’s growing interest in the investment trust company.
Bexil Investment Trust, which operates in the financial sector, has been a part of Winmill & Co.'s portfolio, and this additional purchase signifies a further investment by the affiliate of the registered investment adviser.
Investors and market watchers often look to such transactions as a signal of the firm’s confidence in the investment's future performance. As with all market transactions, the implications of this buy will unfold over time, reflecting in the company's performance and stock value.
The disclosed transaction was signed off by Donald Klimoski II, representing Winmill & Co. Incorporated, as per the regulatory filing with the SEC.
InvestingPro Insights
Bexil Investment Trust (NYSE:BXSY) has recently seen Winmill & Co. Inc bolster its stake, and a deeper look into the company's financials through InvestingPro's real-time data provides further context to this investment decision. Despite a challenging period, as evidenced by a revenue decline of 15.59% in the last twelve months as of Q4 2023, Bexil Investment Trust maintains a high gross profit margin of 100% for the same period. This suggests that while the company's revenue has contracted, its cost of goods sold has remained low, allowing it to retain a strong gross profit figure of $5.59M.
The company's operating income, adjusted to $2.53M, and a consistent basic and diluted EPS (earnings per share) of $3.35 indicate a stable financial footing, which could be a contributing factor to Winmill & Co.'s increased investment. Additionally, Bexil Investment Trust offers an attractive dividend yield of 7.75% as of the latest data, with the ex-date of the last dividend being June 17, 2024. This yield is particularly appealing to income-focused investors.
InvestingPro Tips suggest that while short-term price returns have seen a slight decrease of 1.53% over the past week, the longer-term outlook is more positive, with a 6-month price total return of 11.07% and a year-to-date return of 10.25%. Over the past year, the total return has reached 18.96%, pointing towards a potentially optimistic trend for investors like Winmill & Co.
For investors seeking a comprehensive analysis, InvestingPro offers additional insights, with a current listing of several more tips to guide investment decisions in companies like Bexil Investment Trust.
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