Winmill & Co. Inc has made a significant investment in Bexil Investment Trust (NYSE:BXSY), purchasing shares valued at approximately $172,363. The transaction, which took place on July 24, 2024, involved the acquisition of 13,000 shares at a price of $13.2587 per share.
This move by Winmill & Co. has increased their holdings in Bexil Investment Trust to 60,930 shares of Beneficial Interest. The details of this transaction were made public through a recent filing, which highlights the company's continued confidence in BXSY.
As an affiliate of the registered investment adviser of the issuer, Winmill & Co.'s investment decisions are closely watched by market participants. This latest purchase is no exception, as it reflects the company's strategic positioning within the investment trust sector.
Investors and market analysts often look to such transactions as a signal of a company's prospects and the confidence insiders have in the firm's future performance. With Winmill & Co.'s increased stake in Bexil Investment Trust, stakeholders may anticipate potential positive developments from this investment.
Russell Kamerman, representing Winmill & Co., officially signed off on the filing dated July 25, 2024. As market watchers review the implications of this transaction, all eyes will be on Bexil Investment Trust's performance in the upcoming quarters.
InvestingPro Insights
Winmill & Co.'s recent purchase of Bexil Investment Trust (NYSE:BXSY) shares comes at a time when BXSY's financial metrics present a mixed landscape. According to InvestingPro data, the company has experienced a revenue decline of 15.59% in the last twelve months as of Q4 2023. Despite this downturn, BXSY has maintained a solid gross profit margin of 100% in the same period, with a gross profit equal to its revenue at $5.59M USD.
From an earnings perspective, Bexil Investment Trust reported a basic and diluted EPS (Earnings Per Share) of $3.35, and an operating income, adjusted EBIT (Earnings Before Interest and Taxes), of $2.53M for the last twelve months as of Q4 2023. These figures could be indicative of efficient cost management and a potentially strong underlying business model, despite the revenue challenges.
Investors considering BXSY will also note the investment trust's dividend yield of 7.6%, with the last dividend's ex-date reported on June 17, 2024. This figure might appeal to income-focused investors, especially in the context of the company's one-year price total return of 22.49%, suggesting a potentially attractive total shareholder return profile.
An InvestingPro Tip highlights the importance of looking at the total return, including dividends, when evaluating an investment's performance. Bexil's recent return metrics, such as the 6-month price total return of 16.01% and year-to-date return of 12.39%, are particularly relevant for investors assessing the company's short-to-medium term performance. For more in-depth analysis and additional InvestingPro Tips, users can utilize the exclusive coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. There are currently 7 more InvestingPro Tips available that can provide further insights into BXSY's financial health and investment potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.