Mezzasalma Advisors LLC Buys Shares of 40,806 Bancroft Fund Ltd. (NYSE:BCV)

Mezzasalma Advisors LLC purchased a new position in Bancroft Fund Ltd. (NYSE:BCV) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 40,806 shares of the company’s stock, valued at approximately $723,000.

A number of other large investors have also recently made changes to their positions in BCV. Wolverine Asset Management LLC boosted its holdings in Bancroft Fund by 424.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock valued at $461,000 after purchasing an additional 22,237 shares during the period. Beckerman Institutional LLC purchased a new position in Bancroft Fund during the third quarter worth about $1,128,000. Shaker Financial Services LLC increased its stake in Bancroft Fund by 23.7% in the 3rd quarter. Shaker Financial Services LLC now owns 83,989 shares of the company’s stock worth $1,408,000 after acquiring an additional 16,100 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its position in shares of Bancroft Fund by 1.3% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 52,646 shares of the company’s stock valued at $883,000 after acquiring an additional 670 shares during the last quarter. 22.43% of the stock is owned by institutional investors.

Bancroft Fund Stock Up 0.2 %

Shares of BCV opened at $18.36 on Friday. Bancroft Fund Ltd. has a 1-year low of $14.51 and a 1-year high of $18.64. The firm’s 50 day simple moving average is $18.15 and its 200 day simple moving average is $17.24.

Bancroft Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.97%. The ex-dividend date was Friday, November 22nd.

Insiders Place Their Bets

In other Bancroft Fund news, insider Mario J. Gabelli sold 1,500 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $17.74, for a total transaction of $26,610.00. Following the completion of the sale, the insider now directly owns 28,000 shares in the company, valued at $496,720. This represents a 5.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.60% of the company’s stock.

Bancroft Fund Company Profile

Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets. It primarily invests in convertible securities including convertible debt and convertible preferred stocks. The fund invests in stocks of companies across market capitalization.