Bancroft Fund Ltd. (NYSE:BCV - Get Free Report) insider Mario J. Gabelli sold 2,000 shares of the firm's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $15.46, for a total value of $30,920.00. Following the transaction, the insider now owns 31,000 shares of the company's stock, valued at $479,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Bancroft Fund Trading Down 1.2 %
Shares of BCV stock opened at $15.26 on Friday. The firm has a 50 day moving average of $15.57. Bancroft Fund Ltd. has a one year low of $14.09 and a one year high of $18.11.
Bancroft Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date was Wednesday, March 13th.
Hedge Funds Weigh In On Bancroft Fund
Hedge funds have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its position in Bancroft Fund by 23.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 14,295 shares of the company's stock valued at $228,000 after acquiring an additional 2,696 shares during the last quarter. John G Ullman & Associates Inc. bought a new position in shares of Bancroft Fund in the 3rd quarter worth about $287,000. Bulldog Investors LLP lifted its stake in Bancroft Fund by 47.6% in the fourth quarter. Bulldog Investors LLP now owns 22,345 shares of the company's stock valued at $357,000 after buying an additional 7,202 shares during the period. AQR Arbitrage LLC boosted its holdings in shares of Bancroft Fund by 3.4% during the 3rd quarter. AQR Arbitrage LLC now owns 23,148 shares of the company's stock worth $365,000 after buying an additional 760 shares in the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new stake in shares of Bancroft Fund during the 4th quarter worth approximately $460,000. Institutional investors own 22.43% of the company's stock.
Bancroft Fund Company Profile
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Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.
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