In a recent transaction on July 3, 2024, Winmill & Co. Inc, an affiliate of the registered investment adviser, purchased shares of Bexil Investment Trust (NYSE:BXSY), signaling a vote of confidence in the company's prospects. The firm acquired a total of 1,021 shares at a price of $12.54 per share, amounting to an investment of $12,803.
This buy transaction adds to Winmill & Co.'s already significant stake in the investment trust, bringing their total holdings to 7,955 shares. The move by the company, which is known for providing investment advice and is incorporated in Delaware, demonstrates a continued commitment to its investment in Bexil Investment Trust.
The transaction was duly signed by Russell Kamerman, acting on behalf of Winmill & Co. Incorporated. It's worth noting that the reporting person is affiliated with the investment adviser of the issuer, which could suggest an informed position regarding the potential of Bexil Investment Trust.
Investors often keep a close watch on insider transactions as they can provide insights into how the top brass at a company is viewing the stock's value and future performance. While the reasons behind the purchase can vary, such transactions are always of interest to the market.
The details of the transaction were made public through an SEC Form 4 filing, which is a requirement for company insiders to disclose their trades in the company's stocks. The filing provides transparency and allows investors to see the actions taken by company executives and major shareholders.
For those closely following Bexil Investment Trust, this recent purchase by Winmill & Co. may be an interesting development to consider as part of their investment research.
InvestingPro Insights
In light of the recent insider purchase by Winmill & Co., investors looking at Bexil Investment Trust (NYSE:BXSY) may find the following data points from InvestingPro valuable for their analysis:
- The company's revenue for the last twelve months as of Q4 2023 stood at $5.59 million, which represents a notable decline of 15.59% compared to the previous year. This could indicate potential challenges in revenue generation or a shift in the company's business strategy.
- Despite the decrease in revenue, Bexil Investment Trust maintained a gross profit margin of 100% in the same period, suggesting that the company was able to keep its cost of goods sold at an exceptionally low level, or potentially non-existent, which is a rarity and could be subject to specific accounting treatments or business models.
- The dividend yield as of a date in 2024 was 7.97%, which is considerably high and might appeal to income-focused investors. The ex-date of the last dividend was June 17, 2024, which is an important date for investors to be aware of if they are interested in receiving dividend payments.
InvestingPro Tips:
- It's important to consider the company's earnings performance alongside revenue trends. For Bexil Investment Trust, the basic and diluted earnings per share (EPS) for continuing operations for the last twelve months as of Q4 2023 were both $3.35. This EPS figure could provide insight into the company's profitability and help investors gauge the sustainability of its dividend payments.
- For those interested in the stock's recent performance, the 1-year price total return as of a date in 2024 was 20.92%, which might suggest a positive market sentiment around the company's prospects or reflect broader market trends.
Remember, these are just a few highlights, and there are more InvestingPro Tips available to help you make informed decisions. For access to additional insights, consider using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. There are 5 more InvestingPro Tips listed in InvestingPro for Bexil Investment Trust that could further enrich your investment research.
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