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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.
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