Landscape Capital Management L.L.C. Lowers Holdings in Bancroft Fund Ltd. (NYSE:BCV)

Landscape Capital Management L.L.C. reduced its position in shares of Bancroft Fund Ltd. (NYSE:BCV) by 21.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,428 shares of the company’s stock after selling 7,370 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Bancroft Fund were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its position in shares of Bancroft Fund by 19.2% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 18,690 shares of the company’s stock worth $293,000 after buying an additional 3,004 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Bancroft Fund by 424.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 27,478 shares of the company’s stock worth $461,000 after acquiring an additional 22,237 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in 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 purchasing an additional 670 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Bancroft Fund by 9.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 64,028 shares of the company’s stock valued at $1,003,000 after purchasing an additional 5,288 shares during the period. Finally, Beckerman Institutional LLC bought a new stake in shares of Bancroft Fund in the 3rd quarter valued at about $1,128,000. 22.43% of the stock is owned by institutional investors.

Bancroft Fund Trading Down 0.4 %

NYSE BCV opened at $18.13 on Friday. The firm’s 50 day moving average price is $17.08 and its 200-day moving average price is $16.31. Bancroft Fund Ltd. has a 52-week low of $14.51 and a 52-week high of $18.63.

Bancroft Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, November 22nd will be issued a $0.32 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.06%.

Insider Transactions at Bancroft Fund

In other Bancroft Fund news, insider Mario J. Gabelli sold 4,000 shares of Bancroft Fund stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $16.38, for a total value of $65,520.00. Following the transaction, the insider now owns 131,000 shares in the company, valued at $2,145,780. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.10% 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.