Winmill & Co. Inc has recently made a notable purchase of shares in Bexil Investment Trust (NYSE:BXSY), according to the latest SEC filings. The investment advisory firm acquired 100 shares of beneficial interest at a price of $12.53 per share, totaling an investment of $1,253. This transaction, dated July 10, 2024, increases Winmill & Co.'s holdings in Bexil Investment Trust to 20,590 shares.
The purchase reflects Winmill & Co.'s continued interest in Bexil Investment Trust, a company with which it has an affiliate relationship through its registered investment adviser. The transaction was signed off by Russell Kamerman, acting on behalf of Winmill & Co. Incorporated, and was officially filed on July 11, 2024.
Investors often monitor the buying and selling activities of companies like Winmill & Co., as these can provide insights into the firm's view of the market and specific investments. With this recent purchase, market watchers may take note of Winmill & Co.'s increasing stake in Bexil Investment Trust.
The transaction details, including the number of shares acquired and the total value of the purchase, offer a glimpse into the firm's investment strategy and its confidence in the future performance of Bexil Investment Trust. As the reporting person is an affiliate of the registered investment adviser of the issuer, this move might also suggest a positive outlook on the issuer's prospects.
Investors and analysts alike will be watching closely to see how this investment plays out for Winmill & Co. in the context of its broader portfolio strategy.
InvestingPro Insights
In light of Winmill & Co.'s recent investment in Bexil Investment Trust (NYSE:BXSY), a closer look at the company's financial health using InvestingPro data reveals some interesting metrics. Bexil Investment Trust reported a revenue of $5.59 million for the last twelve months as of Q4 2023. Despite a challenging period, the company maintained a robust gross profit margin of 100% during the same timeframe. This indicates that Bexil Investment Trust has been able to keep its cost of goods sold at bay, translating into a gross profit equal to its revenue, which is a rare feat in any industry.
However, it's worth noting that the company has experienced a decline in revenue growth, with a -15.59% change year-over-year as of Q4 2023. This contraction is also mirrored in the quarterly revenue growth figure, which stands at -15.71% for Q4 2023. On a more positive note, the company's operating income, adjusted for the same period, is reported at $2.53 million, and the basic and diluted EPS (Earnings Per Share) from continuing operations are both at a strong $3.35.
For income-focused investors, Bexil Investment Trust's dividend yield is particularly attractive at 7.94%, as of the latest available data. The ex-date of the last dividend is recorded as June 17, 2024, indicating the company's commitment to shareholder returns. Additionally, the company's stock has shown resilience over time, with a 1-year price total return of 20.6%, showcasing its potential for capital appreciation.
With these insights, investors can better gauge the investment's potential. For further analysis, InvestingPro offers additional InvestingPro Tips that could help in making more informed decisions. Currently, there are 15 additional tips available for Bexil Investment Trust on InvestingPro. Interested investors 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 even more in-depth data and expert analysis.
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