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Bancroft Fund Limited (BCV)



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Upturn Advisory Summary
08/28/2025: BCV (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 15.72% | Avg. Invested days 58 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 110.97M USD | Price to earnings Ratio 8.53 | 1Y Target Price - |
Price to earnings Ratio 8.53 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.92 | 52 Weeks Range 15.61 - 18.94 | Updated Date 06/29/2025 |
52 Weeks Range 15.61 - 18.94 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 6.76% | Basic EPS (TTM) 2.22 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 265.59% | Operating Margin (TTM) 67.12% |
Management Effectiveness
Return on Assets (TTM) 1.46% | Return on Equity (TTM) 9.16% |
Valuation
Trailing PE 8.53 | Forward PE - | Enterprise Value 139643184 | Price to Sales(TTM) 22.91 |
Enterprise Value 139643184 | Price to Sales(TTM) 22.91 | ||
Enterprise Value to Revenue 10.45 | Enterprise Value to EBITDA - | Shares Outstanding 5862060 | Shares Floating - |
Shares Outstanding 5862060 | Shares Floating - | ||
Percent Insiders 3 | Percent Institutions 31.89 |
Upturn AI SWOT
Bancroft Fund Limited
Company Overview
History and Background
Bancroft Fund Limited (BCV) is a closed-end investment company founded in 1971. It seeks high current income and capital appreciation through investments in convertible securities and common stock.
Core Business Areas
- Convertible Securities Investing: Invests in a portfolio of convertible securities, which offer the potential for income and capital appreciation.
- Equity Investing: Invests in common stock, providing an additional source of capital appreciation potential.
Leadership and Structure
The fund is managed by Gabelli Funds, LLC. Mario Gabelli is the Chairman and a portfolio manager. The fund operates under a Board of Directors.
Top Products and Market Share
Key Offerings
- Convertible Securities Portfolio: BCV invests primarily in convertible securities. The fund's market share is dependent on its AUM compared to other convertible securities funds. Competitors include other closed-end funds and ETFs focused on convertible securities.
- Equity Portfolio: BCV also invests in common stock. The percentage varies over time. The fund's market share is small relative to the overall equity market.
Market Dynamics
Industry Overview
The closed-end fund industry is influenced by interest rates, market volatility, and investor sentiment. Demand for income-generating assets drives investment in convertible securities.
Positioning
BCV is positioned as a provider of both income and growth through its convertible and equity investments. Its competitive advantage lies in Gabelli's expertise in security selection.
Total Addressable Market (TAM)
The total addressable market for closed-end funds is in the hundreds of billions of dollars. BCV's position depends on its AUM and ability to attract investors seeking its specific investment strategy.
Upturn SWOT Analysis
Strengths
- Experienced management team (Gabelli Funds)
- Diversified portfolio of convertible securities and equities
- High current income potential
- Long track record
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Performance is subject to market volatility
- Management fees can impact returns
Opportunities
- Rising interest rates can increase income from convertible securities
- Market corrections can provide opportunities to purchase undervalued assets
- Growing demand for income-generating investments
- Potential to narrow the discount to NAV
Threats
- Economic downturns can negatively impact performance
- Increased competition from other investment products
- Changes in interest rates can affect convertible security values
- Regulatory changes
Competitors and Market Share
Key Competitors
- ASG
- CHI
- CFG
Competitive Landscape
BCV's advantages include Gabelli's expertise. Disadvantages include the closed-end fund structure.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by asset appreciation and reinvestment of dividends. Growth is tied to the overall market performance and the fund's ability to generate alpha.
Future Projections: Future growth is dependent on market conditions and the fund's ability to generate returns. Analyst estimates would be based on these factors.
Recent Initiatives: Recent initiatives would include portfolio adjustments based on market conditions and security selection by Gabelli Funds.
Summary
Bancroft Fund Limited offers income and growth through convertible securities and equities. Its strength lies in Gabelli's management, but the closed-end fund structure can create volatility. Investors should be aware of market risks and the potential for discounts to NAV. Future performance depends on market conditions and security selection.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings
- Company website
- Morningstar
- Yahoo Finance
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bancroft Fund Limited
Exchange NYSE MKT | Headquaters Rye, NY, United States | ||
IPO Launch date 1984-09-07 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - |
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 known as Bancroft Convertible Fund, Inc. Bancroft Fund Ltd. was formed on April 20, 1971 and is domiciled in the United States.

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