Bancroft Fund Ltd. (BCV)
| Market Value | 103.75M |
| Revenue (ttm) | 4.79M |
| Net Income (ttm) | 12.30M |
| Shares Out | 5.83M |
| EPS (ttm) | 2.11 |
| PE Ratio | 8.42 |
| Forward PE | n/a |
| Dividend | $1.38 (7.75%) |
| Ex-Dividend Date | Nov 22, 2024 |
| Volume | 11,412 |
| Open | 17.67 |
| Previous Close | 17.75 |
| Day's Range | 17.67 - 17.87 |
| 52-Week Range | 14.51 - 18.64 |
| Beta | 0.97 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About BCV
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. It benchmarks the performance of its portfolio against S&P 500 Index, Bank of America Merrill Lynch All U.S. Convertibles Index, and Barclays Balanced U.S. Convertibles Index. The fund was formerly ... [Read more]
News
BCV: Decent, But Not Amazing Compared To Other Convertible Funds
The Bancroft Fund offers a 7.12% yield, outperforming most domestic stock or bond indices but lagging behind its peers in yield and historical performance. The fund primarily invests in convertible bo...
Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share
RYE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on December 30, 2024 to c...
Bancroft Fund: This 8%-Yielding CEF Provides Some Income, But It's Nothing Special
The Bancroft Fund offers a high yield of 8.17% for income-focused investors, but its yield is relatively low compared to other similar closed-end funds. The BCV closed-end fund's share price performan...
Bancroft Fund Ltd. Declares Distribution of $0.32 per Share
RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 21, 2024 to comm...
BCV And ECF: Convertible Bond Exposure, Offering Yield With Upside Potential
Bancroft Fund and Ellsworth Growth and Income Fund offer diversified exposure to convertible debt investments. Convertible bonds offer yield as fixed-income investments but also potential upside throu...
BCV: Stay On The Sidelines Until The Right Market Conditions
The Bancroft Fund is a closed-end fund that focuses on convertible securities for current income and capital appreciation. BCV's distribution appears aggressive relative to the fund's long-term histor...
Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share
RYE, N.Y., Aug. 25, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on September 22, 2023 to ...
BCV: An Opportunity In The Convertible Securities Space
Bancroft Fund is trading at a deep discount and invests mostly in convertible securities. The fund's discount is attractive, and recent higher yields on convertibles could lead to better returns going...
Bancroft Fund Ltd. Declares Distribution Of $0.32 Per Share
RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on June 23, 2023 to common...
Closed-End Fund: April 2023 Check On Valuation
Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experience...
BCV: Signs Of Stabilizing With An Attractive Discount
The overall market and BCV have been stabilizing since our previous update. Being towards the end of interest rate hikes should mean that this stabilization could continue.
BCV: Deep Discount Could Present An Opportunity
BCV's discount has widened even further since the last time we looked at the fund. It is below its decade long average, though not all-time deep discount.
BCV: Attractive Discount Presenting An Opportunity
BCV has been getting hit by the market, and discounts have expanded, similar to its sister fund, ECF. These funds operate in the convertible space, but BCV seems to be more pure-play.
Bancroft Fund Ltd. Declares Distribution of $3.17 Per Share
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $3.17 per share cash distribution payable on December 28, 2021 to common shareholde...
CEF Report September 2021 | A Broken Record
Discounts widened a bit but remain very tight relative to historical comparisons going back to 1996. Munis are now in line with taxable avg. premiums. At this time, a counter-cyclical approach is warr...
BCV: A Value In The Convertible Space, Though Some Caution Worth Noting
BCV remains an attractively valued convertible fund as convertibles take a breather this year.
Bancroft Fund Ltd. NAV Performance up 37% and Market Return up 29% in 2020 Declares Distribution of $0.32 Per Share
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on March 24, 2021 to common shareholders ...
Convertibles CEF Sector Update
The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different optio...
8 Closed-End Fund Buys In December To Finish Out A Volatile Year
For the broader indexes, December continued along its upward momentum. Overall, the market seems to be quite lofty at these levels, so keeping a cash allocation could be appropriate.
November Buys: 3 Monthly Paying CEFs, Plus Some Dividend Growth Opportunities
November started out with a bang due to the election. Besides some early buying last month, it was another month of light buying throughout the remainder of November.
BCV: Lower Relative Yield - Still A Buy Due To Valuation
A large year-end distribution recently propelled this fund to a tighter discount from over a 14% discount just a few weeks ago. Even as a "lower yielding" fund, they still pay 4.26% - not counting any...
Bancroft Fund Ltd. Declares Distribution of $2.25 Per Share Fiscal Year 2020 NAV Performance Up 20%
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of Bancroft Fund Ltd. (NYSE American: BCV) (the “Fund”) declared a $2.25 per share cash distribution payable on December 29, 2020 to common shareholde...
Don't Be Fooled By The Low 4% Yield On BCV.
The market is fairly homogenous and most of these funds trade more so with the equity than the debt.