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Bancroft Fund Limited (BCV)
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Upturn Advisory Summary
11/05/2025: BCV (3-star) is a STRONG-BUY. BUY since 123 days. Simulated Profits (34.27%). Updated daily EoD!
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 50.58% | Avg. Invested days 65 | Today’s Advisory Strong Buy |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/05/2025 |
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 1922. It primarily invests in convertible securities and common stocks, aiming for both income and capital appreciation. Over the years, it has adapted its investment strategies to market conditions, focusing on undervalued assets.
Core Business Areas
- Convertible Securities: Investments in corporate bonds or preferred stocks that can be converted into a predetermined amount of the company's common stock.
- Common Stocks: Direct investments in the equity of publicly traded companies, selected for their potential for growth and income.
Leadership and Structure
The fund is managed by Gabelli Funds, LLC. Mario Gabelli serves as the portfolio manager.
Top Products and Market Share
Key Offerings
- Convertible Securities Portfolio: A diversified portfolio of convertible securities from various sectors. Market share data for specific holdings within this portfolio is difficult to pinpoint due to the dynamic nature and diverse holdings. Competitors in the convertible securities market include other closed-end funds such as Calamos Convertible Opportunities and Income Fund (CHI) and AllianzGI Convertible & Income Fund (NCV).
- Equity Securities Portfolio: A portfolio of common stocks selected using Gabelli Funds' value-oriented investment approach. Again, it's hard to pinpoint market share from holdings of diversified portfolio. Competitors in the equity investments market include Vanguard, Fidelity, and other large asset managers.
Market Dynamics
Industry Overview
The closed-end fund industry is characterized by active management, aiming to outperform benchmarks. The market is influenced by interest rates, investor sentiment, and economic conditions.
Positioning
Bancroft Fund Limited positions itself as a value-oriented investment company focusing on a mix of convertible securities and equities. Its competitive advantage lies in its experienced management team (Gabelli Funds) and its long-standing track record.
Total Addressable Market (TAM)
The total addressable market for closed-end funds is in the trillions of dollars. BCV's positioning is towards value investors seeking a blend of income and capital appreciation within a diversified portfolio.
Upturn SWOT Analysis
Strengths
- Experienced management team (Gabelli Funds)
- Long-standing track record
- Diversified investment portfolio
- Value-oriented investment approach
Weaknesses
- High expense ratio compared to some ETFs
- Potential for discount to NAV
- Dependence on the manager's investment decisions
- Limited liquidity compared to open-end funds
Opportunities
- Rising interest rate environment (potentially beneficial for convertible securities)
- Market volatility (creating opportunities for value investing)
- Increasing demand for income-generating investments
- Expansion into new asset classes
Threats
- Economic downturn
- Increased competition from other investment vehicles
- Changes in interest rates
- Regulatory changes affecting closed-end funds
Competitors and Market Share
Key Competitors
- CHI
- NCV
- ACP
Competitive Landscape
BCV competes with other closed-end funds and investment vehicles. BCV has advantages because of Gabelli Funds and also disadvantages because of fees.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been dependent on market conditions and Gabelli Funds' investment decisions. It may be stable or volatile. Requires recent financial information to present growth trajectory.
Future Projections: Future growth is dependent on many factors, including market conditions and management actions. Analyst estimates can be used for projections.
Recent Initiatives: Highlight recent strategic initiatives, or any shifts in investment strategy employed by the fund management.
Summary
Bancroft Fund Limited provides a mix of income and capital appreciation through investments in convertible and equity securities. Strengths include experienced management and a long track record. However, its high expense ratio and potential discount to NAV are challenges. Its dependence on market conditions presents both opportunities and risks.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Bancroft Fund Limited's official website
- SEC filings
- Financial news sources (e.g., Bloomberg, Reuters)
- Morningstar
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and after consulting with a qualified financial advisor. Market share estimates are approximate and subject to change. Financial data may be outdated, always refer to official company sources for most current figures.
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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