Bancroft Fund Ltd. (BCV) Insider Sells $22,100.00 in Stock

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) insider Mario J. Gabelli sold 1,000 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $22.10, for a total value of $22,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bancroft Fund Ltd. (NYSEAMERICAN:BCV) traded up $0.08 on Friday, reaching $22.07. The company’s stock had a trading volume of 8,500 shares, compared to its average volume of 7,512. The company has a market capitalization of $115.36, a P/E ratio of 6.27 and a beta of 0.70. Bancroft Fund Ltd. has a twelve month low of $20.56 and a twelve month high of $22.77.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Tuesday, November 28th were issued a $0.41 dividend. This is an increase from Bancroft Fund’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, November 27th. This represents a $1.64 dividend on an annualized basis and a yield of 7.43%. Bancroft Fund’s dividend payout ratio is 32.95%.

A number of institutional investors and hedge funds have recently bought and sold shares of BCV. Advisory Services Network LLC raised its holdings in Bancroft Fund by 2.6% in the second quarter. Advisory Services Network LLC now owns 5,978 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 153 shares in the last quarter. First Trust Advisors LP bought a new position in Bancroft Fund in the third quarter worth $209,000. Institute for Wealth Management LLC. bought a new position in Bancroft Fund in the second quarter worth $231,000. Royal Bank of Canada raised its holdings in Bancroft Fund by 15.5% in the second quarter. Royal Bank of Canada now owns 14,013 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 1,881 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Bancroft Fund by 12.2% in the second quarter. Wells Fargo & Company MN now owns 55,181 shares of the financial services provider’s stock worth $1,196,000 after purchasing an additional 5,995 shares in the last quarter.

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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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