Mario J. Gabelli Sells 1,000 Shares of Bancroft Fund Ltd. (BCV) Stock

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) insider Mario J. Gabelli sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $22.10, for a total transaction of $22,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) opened at $21.99 on Thursday. Bancroft Fund Ltd. has a 12-month low of $20.56 and a 12-month high of $22.77. The stock has a market cap of $115.36, a P/E ratio of 6.25 and a beta of 0.70.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Tuesday, November 28th were given a $0.41 dividend. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.25. This represents a $1.64 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend was Monday, November 27th. Bancroft Fund’s dividend payout ratio is 32.95%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BCV. Advisory Services Network LLC increased its position in Bancroft Fund by 2.6% in the 2nd quarter. Advisory Services Network LLC now owns 5,978 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 153 shares during the period. First Trust Advisors LP acquired a new stake in shares of Bancroft Fund during the third quarter worth $209,000. Institute for Wealth Management LLC. acquired a new stake in shares of Bancroft Fund during the second quarter worth $231,000. Royal Bank of Canada increased its position in shares of Bancroft Fund by 15.5% during the second quarter. Royal Bank of Canada now owns 14,013 shares of the financial services provider’s stock worth $303,000 after buying an additional 1,881 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Bancroft Fund by 12.2% during the second quarter. Wells Fargo & Company MN now owns 55,181 shares of the financial services provider’s stock worth $1,196,000 after buying an additional 5,995 shares during the period.

ILLEGAL ACTIVITY NOTICE: “Mario J. Gabelli Sells 1,000 Shares of Bancroft Fund Ltd. (BCV) Stock” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/01/11/mario-j-gabelli-sells-1000-shares-of-bancroft-fund-ltd-bcv-stock.html.

Bancroft Fund Company Profile

Bancroft Fund Ltd. (the Fund) is a diversified closed-end management investment company. The Fund’s primary investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests.

Receive News & Ratings for Bancroft Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bancroft Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply