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

Landscape Capital Management L.L.C. reduced its holdings in Bancroft Fund Ltd. (NYSE:BCV) by 21.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,428 shares of the company’s stock after selling 7,370 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.47% of Bancroft Fund worth $460,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in BCV. Advisors Asset Management Inc. lifted its holdings in shares of Bancroft Fund by 84.3% in the 1st quarter. Advisors Asset Management Inc. now owns 139,259 shares of the company’s stock valued at $2,227,000 after acquiring an additional 63,711 shares during the last quarter. Cornerstone Advisors LLC raised its position in Bancroft Fund by 30.5% during the second quarter. Cornerstone Advisors LLC now owns 113,423 shares of the company’s stock valued at $1,777,000 after purchasing an additional 26,489 shares during the period. Shaker Financial Services LLC lifted its stake in shares of Bancroft Fund by 23.7% in the 3rd quarter. Shaker Financial Services LLC now owns 83,989 shares of the company’s stock valued at $1,408,000 after purchasing an additional 16,100 shares during the last quarter. Beckerman Institutional LLC purchased a new position in shares of Bancroft Fund in the 3rd quarter worth approximately $1,128,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of 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 last quarter. 22.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Mario J. Gabelli sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $16.38, for a total transaction of $65,520.00. Following the completion of the sale, the insider now directly owns 131,000 shares of the company’s stock, valued at approximately $2,145,780. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.10% of the stock is owned by corporate insiders.

Bancroft Fund Stock Performance

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

Bancroft Fund Announces Dividend

The company also recently announced 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 of this dividend is Friday, November 22nd. This represents a $1.28 annualized dividend and a dividend yield of 7.06%.

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.