Bancroft Fund Ltd. (NYSE:BCV) Shares Acquired by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. boosted its position in Bancroft Fund Ltd. (NYSE:BCV) by 409.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,772 shares of the company’s stock after purchasing an additional 74,558 shares during the quarter. John G Ullman & Associates Inc. owned about 1.59% of Bancroft Fund worth $1,482,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. lifted its position in Bancroft Fund by 71.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 34,211 shares of the company’s stock valued at $547,000 after purchasing an additional 14,306 shares during the last quarter. Consolidated Portfolio Review Corp bought a new stake in shares of Bancroft Fund during the 4th quarter worth about $460,000. Blue Bell Private Wealth Management LLC raised its position in shares of Bancroft Fund by 23.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 14,295 shares of the company’s stock worth $228,000 after buying an additional 2,696 shares in the last quarter. Cornerstone Advisors LLC raised its position in shares of Bancroft Fund by 127.7% during the 3rd quarter. Cornerstone Advisors LLC now owns 39,557 shares of the company’s stock worth $624,000 after buying an additional 22,186 shares in the last quarter. Finally, AQR Arbitrage LLC raised its position in shares of Bancroft Fund by 3.4% during the 3rd quarter. AQR Arbitrage LLC now owns 23,148 shares of the company’s stock worth $365,000 after buying an additional 760 shares in the last quarter. 22.43% of the stock is currently owned by institutional investors.

Bancroft Fund Stock Performance

BCV stock opened at $14.67 on Friday. The stock’s 50-day moving average is $15.51. Bancroft Fund Ltd. has a 52 week low of $14.09 and a 52 week high of $18.11.

Bancroft Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date of this dividend was Wednesday, March 13th.

Insider Buying and Selling

In other Bancroft Fund news, insider Mario J. Gabelli sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $15.90, for a total value of $31,800.00. Following the completion of the sale, the insider now owns 137,000 shares in the company, valued at approximately $2,178,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

About Bancroft Fund

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.