Bancroft Fund Ltd. (NYSEAMERICAN:BCV) insider Mario J. Gabelli sold 1,000 shares of Bancroft Fund stock in a transaction on Friday, January 5th. The stock was 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 SEC, which can be accessed through this hyperlink.
Shares of Bancroft Fund Ltd. (NYSEAMERICAN BCV) traded down $0.02 during mid-day trading on Tuesday, hitting $22.10. 10,400 shares of the stock traded hands, compared to its average volume of 7,140. The firm has a market cap of $116.13, a PE ratio of 6.28 and a beta of 0.70. Bancroft Fund Ltd. has a 1 year low of $20.56 and a 1 year high of $22.77.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Tuesday, November 28th were given a dividend of $0.41 per share. This is a boost from Bancroft Fund’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, November 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.42%. Bancroft Fund’s payout ratio is presently 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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