BofA update shows where active managers are putting money
In a recent transaction, Winmill & Co. Inc, an affiliate of the registered investment adviser for Bexil Investment Trust (NYSE:BXSY), has made a notable purchase in the company's shares. On August 9, 2024, Winmill & Co. acquired 3,092 shares of Bexil Investment Trust at a price of $12.87 per share, amounting to a total investment of approximately $39,794.
This transaction has increased Winmill & Co.'s holdings in Bexil Investment Trust to a total of 132,221 shares of beneficial interest. It's worth noting that the reporting person for this transaction is Russell Kamerman, acting on behalf of Winmill & Co. Incorporated.
Bexil Investment Trust, listed under the ticker BXSY, is a company with a business address in Rochester, New York. While the specifics of the transaction are publicly disclosed, the strategic intentions behind Winmill & Co.'s investment have not been elaborated upon in the filing.
Investors often monitor such transactions by insiders and affiliates as they may provide insights into the company's performance and future prospects as perceived by those closely associated with the firm. The purchase by Winmill & Co. is a direct ownership transaction, indicating a straightforward investment rather than a more complex derivative position.
As of the date of the filing, there has been no additional commentary from Winmill & Co. or Bexil Investment Trust regarding this transaction.
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 and market performance through InvestingPro's real-time data provides a broader context for investors. Despite a decline in revenue over the last twelve months as of Q4 2023, with a -15.59% drop, Bexil Investment Trust has maintained a robust gross profit margin of 100%. This suggests that the company has managed costs effectively, sustaining profitability even amidst revenue challenges.
Furthermore, Bexil Investment Trust's adjusted operating income stood at $2.53M for the same period, aligning with its EBIT figures. This consistency indicates operational stability. Notably, investors have been rewarded with a generous dividend yield of 7.73% as of mid-2024, a compelling figure for income-focused shareholders. The ex-date for the last dividend was on June 17, 2024, which is pertinent information for those considering an investment in the near term.
InvestingPro Tips highlight that while the company's quarterly revenue growth saw a slight decrease of -15.71% in Q4 2023, the year-to-date price total return as of mid-2024 demonstrated a strong performance at 10.59%. This could suggest that despite short-term revenue fluctuations, investor confidence in Bexil Investment Trust's long-term prospects remains intact. For those seeking additional insights, InvestingPro offers a total of 17 more tips on BXSY, providing a comprehensive analysis for informed investment decisions.
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