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Winmill & Co. Inc, an entity known for its investment advisory services, recently reported a purchase of shares in Bexil Investment Trust (NYSE:BXSY) valued at a total of over $38,000. This transaction is part of the company's ongoing investment activities and reflects confidence in the investment trust's potential.
On August 19, 2024, Winmill & Co. acquired 2,915 shares of Bexil Investment Trust at a price of $13.14 per share. The following day, an additional 6 shares were purchased at a slightly lower price of $13.13 each. Collectively, these transactions amounted to a significant investment in the trust, with the combined purchases totaling approximately $38,381.
The shares, categorized as non-derivative securities, are held directly by the company, indicating a straightforward ownership interest. Post-transaction, Winmill & Co.'s holdings in Bexil Investment Trust increased to 137,123 shares of beneficial interest.
Investors often monitor such transactions as they may signal the confidence of significant stakeholders in the company's prospects. The prices paid for the shares ranged between $13.13 and $13.14, demonstrating a consistent valuation over the two-day period.
It is noteworthy that Winmill & Co. is affiliated with the registered investment adviser of Bexil Investment Trust, as mentioned in the remarks section of the SEC filing. This relationship underscores the interconnectedness within the financial management industry and may influence investment decisions.
The reported transactions were signed off by Russell Kamerman, acting on behalf of Winmill & Co. Incorporated, and were made public in accordance with regulatory requirements. These filings offer transparency into the trading activities of company insiders and affiliates, providing investors with critical information for their investment strategies.
InvestingPro Insights
In a recent move that has caught the attention of market analysts, Winmill & Co. Inc has increased its stake in Bexil Investment Trust (NYSE:BXSY), signaling a strong belief in the trust's future performance. The investment advisory firm's purchase aligns with some intriguing metrics from Bexil Investment Trust's latest financial data. The trust reported a gross profit of $5.59 million for the last twelve months as of Q4 2023, with a remarkable gross profit margin of 100%. This indicates that the trust's revenue is being fully retained as gross profit, a positive sign for investors looking for efficient operations and potentially profitable investments.
However, it's important to note that the trust has experienced a decline in revenue growth, with a -15.59% change over the last twelve months as of Q4 2023, and a quarterly revenue growth of -15.71% for Q4 2023. This could suggest some challenges in the trust's ability to increase its revenue streams or could be indicative of a strategic shift in operations. Despite this, the trust has maintained a solid operating income, with an adjusted figure of $2.53 million for the same period.
One InvestingPro Tip to consider is the trust's dividend yield, which stands at an attractive 7.58% as of the latest data. This could be a compelling draw for income-focused investors. Additionally, the trust's year-to-date price total return has been 12.73%, reflecting a positive market reception to its performance and strategies.
For investors interested in market activity, Bexil Investment Trust's average daily volume over the past three months is 0.03 million USD, suggesting a moderate level of trading activity in the trust's shares.
For those looking to delve deeper into the financial health and strategic positioning of Bexil Investment Trust, InvestingPro offers additional insights and tips. Currently, there are numerous additional tips available on InvestingPro that could further inform investment decisions regarding BXSY.
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