Winmill & Co. Inc purchases Bexil Investment Trust shares worth over $25k

Published 14/08/2024, 21:00
Winmill & Co. Inc purchases Bexil Investment Trust shares worth over $25k

Winmill & Co. Inc, an investment advisory firm, has recently made a notable purchase of shares in Bexil Investment Trust (NYSE:BXSY). On August 13, 2024, Winmill & Co. acquired 1,981 shares of Bexil Investment Trust at a price of $12.88 per share, totaling over $25,515.

This transaction has increased the firm's holdings in Bexil Investment Trust to 134,202 shares of beneficial interest. The move was disclosed in a filing dated August 14, 2024, with Russell Kamerman signing on behalf of Winmill & Co. Incorporated.

The recent acquisition by Winmill & Co. signifies a continued interest in Bexil Investment Trust, although the specific reasons behind the purchase were not detailed in the filing. It is also noted that the reporting person is an affiliate of the registered investment adviser of the issuer, which suggests a close relationship between the two entities.

Investors and market watchers often scrutinize such transactions as they may indicate the confidence insiders have in the company's current status and future prospects. The purchase of shares by Winmill & Co. is a financial move that reflects the firm's investment strategy and position regarding Bexil Investment Trust.

InvestingPro Insights

Winmill & Co. Inc's recent acquisition of Bexil Investment Trust (NYSE:BXSY) shares comes at a time when the company's financial metrics show a mix of performance indicators. According to InvestingPro data, Bexil Investment Trust's revenue in the last twelve months as of Q4 2023 stood at $5.59 million. While this figure on its own may seem modest, it's important to note that the company's gross profit margin was reported at an impressive 100% for the same period, indicating that Bexil has effectively managed its cost of goods sold to maintain profitability.

The company has also maintained a robust dividend yield of 7.7% as of the latest data, with the ex-date of the last dividend being June 17, 2024. This attractive yield could be a key factor in Winmill & Co.'s decision to increase their stake, as it suggests a strong return potential for income-focused investors. Additionally, Bexil's price total return over the past year was 20.16%, reflecting a positive market sentiment and possibly reinforcing Winmill & Co.'s investment decision.

Among the InvestingPro Tips, it's highlighted that Bexil's basic and diluted EPS (Earnings Per Share) from continuing operations for the last twelve months as of Q4 2023 were both $3.35. This could indicate a strong earnings performance, which is often a critical factor in investment decisions. For more detailed analysis and insights, InvestingPro offers additional tips on Bexil Investment Trust's financial health and investment potential.

Investors interested in following Winmill & Co.'s lead may find it worthwhile to explore the comprehensive list of InvestingPro Tips, which currently includes numerous additional tips for a more informed investment strategy.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.