AMEX:BCV.PRA

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Executive Summary

Bancroft Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. More Details

Rewards


Snowflake Analysis

Share Price & News

How has Bancroft Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BCV.PRA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

BCV.PRA

-1.0%

US Capital Markets

-2.4%

US Market


1 Year Return

-0.3%

BCV.PRA

9.7%

US Capital Markets

18.2%

US Market

Return vs Industry: BCV.PRA underperformed the US Capital Markets industry which returned 11.3% over the past year.

Return vs Market: BCV.PRA underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

BCV.PRAIndustryMarket
7 Day0.3%-1.0%-2.4%
30 Day0.9%3.9%4.2%
90 Day1.2%1.3%6.3%
1 Year5.2%-0.3%12.5%9.7%20.9%18.2%
3 Year18.6%1.1%21.2%11.8%41.2%31.8%
5 Yearn/a72.5%50.6%84.8%63.9%

Price Volatility Vs. Market

How volatile is Bancroft Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bancroft Fund undervalued compared to its fair value and its price relative to the market?

6.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BCV.PRA ($25.88) is trading below our estimate of fair value ($27.57)

Significantly Below Fair Value: BCV.PRA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BCV.PRA is good value based on its PE Ratio (21x) compared to the US Capital Markets industry average (23.6x).

PE vs Market: BCV.PRA is poor value based on its PE Ratio (21x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BCV.PRA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BCV.PRA is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (4.5x).

Future Growth

How is Bancroft Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bancroft Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Bancroft Fund performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BCV.PRA has a large one-off gain of $6.0M impacting its April 30 2020 financial results.

Growing Profit Margin: BCV.PRA's current net profit margins are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: BCV.PRA's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: BCV.PRA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BCV.PRA had negative earnings growth (-51.9%) over the past year, making it difficult to compare to the Capital Markets industry average (11.9%).


Return on Equity

High ROE: BCV.PRA's Return on Equity (5.2%) is considered low.

Financial Health

How is Bancroft Fund's financial position?


Financial Position Analysis

Short Term Liabilities: BCV.PRA's short term assets ($695.7K) do not cover its short term liabilities ($2.1M).

Long Term Liabilities: BCV.PRA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: BCV.PRA is debt free.

Reducing Debt: BCV.PRA has not had any debt for past 5 years.

Debt Coverage: BCV.PRA has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: BCV.PRA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Bancroft Fund current dividend yield, its reliability and sustainability?

6.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BCV.PRA's dividend (6.59%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: BCV.PRA's dividend (6.59%) is in the top 25% of dividend payers in the US market (4.66%)


Stability and Growth of Payments

Stable Dividend: BCV.PRA's dividend payments have been volatile in the past 10 years.

Growing Dividend: BCV.PRA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (145.2%), BCV.PRA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

18.8yrs

Average board tenure


CEO

Bancroft Fund has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Nicolas Platt
Independent Trustee23.75yrsUS$22.00k0.0047%
$ 6.5k
Elizabeth Bogan
Independent Trustee30.75yrsUS$21.00k0.074%
$ 103.7k
Daniel Harding
Independent Trustee13.75yrsUS$22.50k0.031%
$ 44.0k
Kinchen Bizzell
Independent Trustee12.75yrsUS$20.50k0.071%
$ 98.8k

18.8yrs

Average Tenure

67.5yo

Average Age

Experienced Board: BCV.PRA's board of directors are seasoned and experienced ( 18.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bancroft Fund Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • Bancroft Fund Ltd.
  • One Corporate Center
  • Rye
  • New York
  • 10580-1422
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BCVAMEX (NYSE MKT LLC)YesCommon SharesUSUSDNov 1971
BCV.PRAAMEX (NYSE MKT LLC)PFD CUM SER AUSUSDAug 2016

Biography

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 convert ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 23:35
End of Day Share Price2020/10/19 00:00
Earnings2020/04/30
Annual Earnings2019/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.