Winmill & Co. Inc., a company known for its investment advisory services, has recently made significant purchases of Bexil Investment Trust (NYSE:BXSY) shares. According to the latest filings, Winmill & Co. acquired a total of 11,655 shares across two separate transactions, with the combined value exceeding $153,000.
The first transaction took place on July 26, 2024, with Winmill & Co. purchasing 6,105 shares at a price of $13.14 each. Following this acquisition, the company undertook another purchase on July 29, adding 5,550 shares to its portfolio at a slightly higher price of $13.18 per share.
These transactions reflect a strong buying signal from Winmill & Co., as they now hold a total of 72,585 shares of Bexil Investment Trust. The company's recent activity in the market has caught the attention of investors, given the substantial amount of capital invested in these shares.
Investors often monitor such insider buying patterns for insights into company performance and potential value. While the reasons behind Winmill & Co.'s decision to increase its stake in Bexil Investment Trust have not been disclosed, the firm's status as an affiliate of the registered investment adviser to the issuer could suggest confidence in Bexil's future prospects.
The filings also noted that Russell Kamerman, acting on behalf of Winmill & Co. Incorporated, signed off on the transactions, underscoring the company's calculated approach to these investments. As with all market movements, investors are advised to consider the broader context and perform their own due diligence when interpreting insider buying activities.
InvestingPro Insights
Winmill & Co.'s recent acquisition of Bexil Investment Trust (NYSE:BXSY) shares aligns with some intriguing financial metrics revealed by InvestingPro. The company's revenue for the last twelve months as of Q4 2023 stood at $5.59 million, which, while robust, represents a decrease of 15.59% compared to the same period in the previous year. This contraction was mirrored in the quarterly revenue growth, which also dipped by 15.71% in Q4 2023.
Despite this revenue decline, Bexil Investment Trust maintained a gross profit margin of 100%, indicating that the company was able to convert all of its revenue into gross profit over the last twelve months. Moreover, the operating income, adjusted for the same period, was reported at $2.53 million, suggesting effective cost management and operational efficiency.
InvestingPro Tips highlight the company's attractive dividend yield, currently standing at 7.58%, with the ex-date of the last dividend being June 17, 2024. This yield is particularly noteworthy for income-focused investors. Additionally, the price total return metrics are promising, with a 21.73% increase over the past year and a 12.82% year-to-date return, indicating positive investor sentiment and potential for capital growth.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights. There are more than 10 additional InvestingPro Tips available, which can further guide investment decisions. Interested readers can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription, providing access to an even broader array of financial data and expert analysis.
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