Bancroft Fund Ltd. (NYSEAMERICAN:BCV) insider Mario J. Gabelli sold 1,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $22.10, for a total value of $22,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Bancroft Fund Ltd. (BCV) traded up $0.19 during trading on Tuesday, reaching $22.26. The company had a trading volume of 13,700 shares, compared to its average volume of 8,200. The stock has a market capitalization of $116.88, a PE ratio of 6.32 and a beta of 0.70. Bancroft Fund Ltd. has a 12 month low of $20.56 and a 12 month high of $22.77.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Tuesday, November 28th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend was Monday, November 27th. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.25. Bancroft Fund’s dividend payout ratio is 32.95%.
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.
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