Bancroft Fund Limited

BCV · AMEX · Financial Services / Asset Management

20.99USD-0.23 (-1.06%)

Price History

Full chart

Market Stats

Previous Close21.22

Open21.21

Day Range20.92 – 21.21

52-Week Range20.01 – 26.49

Volume15.51K

Market Cap135.20M

P/E (TTM)3.59

Forward P/E0.00

EPS6.70

Dividend Yield6.79%

Beta1.01

50-Day Avg24.45

200-Day Avg23.92

About

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.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Thomas Hall Dinsmore C.F.A.
Employees0
HeadquartersOne Corporate Center, Rye, NY, United States, 10580-1422, USA
Websitehttps://www.gabelli.com/Template/fundinfo.cfm?tid=

Leadership

Mr. Thomas Hall Dinsmore C.F.A.Portfolio Manager · b. 1953
Mr. James A. Dinsmore C.F.A.President · b. 1982
Mr. John Chester BallTreasurer and Principal Financial & Accounting Officer · b. 1976
Mr. Richard John WalzChief Compliance Officer · b. 1959

Financials

Income Statement

Currency: USD	1984-10-31	1985-10-31	1986-10-31	1987-10-31	1989-10-31	1990-10-31	1991-10-31	1992-10-31	1993-10-31	1994-10-31	1995-10-31	1996-10-31	1997-10-31	1998-10-31	1999-10-31	2000-10-31	2001-10-31	2002-10-31	2003-10-31	2004-10-31	2005-10-31	2006-10-31	2007-10-31	2008-10-31	2009-10-31	2010-10-31	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2024-10-31	2025-10-31

Currency: USD	1984-10-31	1985-10-31	1986-10-31	1987-10-31	1989-10-31	1990-10-31	1991-10-31	1992-10-31	1993-10-31	1994-10-31	1995-10-31	1996-10-31	1997-10-31	1998-10-31	1999-10-31	2000-10-31	2001-10-31	2002-10-31	2003-10-31	2004-10-31	2005-10-31	2006-10-31	2007-10-31	2008-10-31	2009-10-31	2010-10-31	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2024-10-31	2025-10-31
Total Revenue	3.61M	3.73M	3.95M	3.69M	4.41M	4.50M	4.19M	4.20M	4.17M	4.14M	4.07M	3.95M	3.98M	4.10M	4.08M	5.50M	6.10M	4.80M	4.43M	5.17M	4.99M	5.87M	6.02M	5.41M	4.68M	16.23M	1.59M	7.00M	19.49M	10.67M	2.67M	5.33M	20.59M	7.76M	24.29M	27.51M	42.81M	-48.38M	14.40M	10.02M
Growth (%)	-	+3.32%	+5.90%	-6.58%	+19.51%	+2.04%	-6.89%	+0.24%	-0.71%	-0.72%	-1.69%	-2.95%	+0.76%	+3.02%	-0.49%	+34.80%	+10.91%	-21.31%	-7.71%	+16.70%	-3.48%	+17.64%	+2.56%	-10.13%	-13.49%	+246.73%	-90.19%	+339.53%	+178.48%	-45.27%	-74.97%	+99.65%	+286.26%	-62.29%	+212.93%	+13.26%	+55.60%	-213.00%	+129.77%	-30.41%
Cost of Revenue	410.00K	470.00K	520.00K	510.00K	530.00K	480.00K	470.00K	500.00K	560.00K	560.00K	580.00K	660.00K	740.00K	790.00K	840.00K	910.00K	790.00K	750.00K	740.00K	890.00K	880.00K	960.00K	1.00M	850.00K	640.00K	-	-	-	-	0	964.63K	11.56K	12.18K	13.56K	104.43K	1.29M	1.50M	1.49M	1.59K	1.38M
Gross Profit	3.20M	3.26M	3.43M	3.18M	3.88M	4.02M	3.72M	3.70M	3.61M	3.58M	3.49M	3.29M	3.24M	3.31M	3.24M	4.59M	5.31M	4.05M	3.69M	4.28M	4.11M	4.91M	5.02M	4.56M	4.04M	16.23M	1.59M	7.00M	19.49M	10.67M	2.67M	5.33M	20.59M	7.76M	24.29M	27.51M	42.81M	-48.38M	14.40M	8.64M
Gross Margin	88.64%	87.40%	86.84%	86.18%	87.98%	89.33%	88.78%	88.10%	86.57%	86.47%	85.75%	83.29%	81.41%	80.73%	79.41%	83.45%	87.05%	84.38%	83.30%	82.79%	82.36%	83.65%	83.39%	84.29%	86.32%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	86.19%
Operating Expense	210.00K	230.00K	540.00K	730.00K	280.00K	260.00K	230.00K	150.00K	190.00K	220.00K	200.00K	290.00K	280.00K	280.00K	280.00K	330.00K	350.00K	340.00K	340.00K	400.00K	540.00K	430.00K	420.00K	480.00K	300.00K	387.75K	382.54K	373.86K	431.67K	418.64K	451.74K	388.24K	479.53K	469.29K	572.98K	561.72K	572.62K	427.32K	499.65K	-34.27M
Operating Income	2.99M	3.03M	2.89M	2.45M	3.60M	3.76M	3.49M	3.55M	3.42M	3.36M	3.29M	3.00M	2.96M	3.03M	2.96M	4.26M	4.96M	3.71M	3.35M	3.88M	3.57M	4.48M	4.60M	4.08M	3.74M	15.84M	1.21M	6.62M	19.06M	10.25M	2.22M	4.94M	20.11M	7.29M	23.72M	26.95M	42.24M	-48.80M	13.90M	42.91M
Operating Margin	82.83%	81.23%	73.16%	66.40%	81.63%	83.56%	83.29%	84.52%	82.01%	81.16%	80.84%	75.95%	74.37%	73.90%	72.55%	77.45%	81.31%	77.29%	75.62%	75.05%	71.54%	76.32%	76.41%	75.42%	79.91%	97.61%	75.97%	94.66%	97.79%	96.08%	83.08%	92.72%	97.67%	93.96%	97.64%	97.96%	98.66%	100.88%	96.53%	428.10%
EBITDA	11.50M	25.12M	11.29M	-6.95M	6.94M	-12.91M	20.63M	12.45M	20.35M	-3.08M	17.05M	27.52M	32.77M	4.49M	29.41M	26.64M	-20.13M	-15.20M	25.21M	4.20M	11.55M	21.45M	32.12M	-91.36M	36.88M	15.84M	1.21M	6.62M	19.06M	10.25M	2.22M	4.94M	20.11M	7.29M	23.72M	26.95M	42.24M	-48.80M	13.90M	42.91M
EBITDA Margin	318.56%	673.46%	285.82%	-188.35%	157.37%	-286.89%	492.36%	296.43%	488.01%	-74.40%	418.92%	696.71%	823.37%	109.51%	720.83%	484.36%	-330.00%	-316.67%	569.07%	81.24%	231.46%	365.42%	533.55%	-1688.72%	788.03%	97.61%	75.97%	94.66%	97.79%	96.08%	83.08%	92.72%	97.67%	93.96%	97.64%	97.96%	98.66%	100.88%	96.53%	428.10%
Net Income	7.25M	14.07M	7.09M	-2.25M	5.27M	-4.57M	12.06M	8.00M	11.89M	140.00K	10.17M	15.26M	17.86M	3.76M	16.19M	15.45M	-7.59M	-5.75M	14.28M	4.04M	7.56M	12.96M	18.36M	-43.64M	20.31M	15.84M	1.21M	6.62M	19.06M	10.25M	2.22M	4.94M	20.11M	7.29M	23.72M	26.95M	42.24M	-48.80M	13.90M	42.91M
Net Income Margin	200.83%	377.21%	179.49%	-60.98%	119.50%	-101.56%	287.83%	190.48%	285.13%	3.38%	249.88%	386.33%	448.74%	91.71%	396.81%	280.91%	-124.43%	-119.79%	322.35%	78.14%	151.50%	220.78%	304.98%	-806.65%	433.97%	97.61%	75.97%	94.66%	97.79%	96.08%	83.08%	92.72%	97.67%	93.95%	97.64%	97.96%	98.66%	100.89%	96.53%	428.10%
R&D	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.65	2.38	0.43	1.98	1.31	1.62	6.1	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	-	-
Interest Expense	4.25M	11.05M	4.20M	4.70M	1.67M	8.34M	8.57M	4.45M	8.46M	3.22M	6.88M	12.26M	14.91M	730.00K	13.22M	11.19M	12.54M	9.45M	10.93M	160.00K	3.99M	8.49M	13.76M	47.72M	16.57M	0	0	0	0	0	0	0	0	143	876	253	655	1.10K	1.59K	889
Interest Expense % of Total Revenue	117.73%	296.25%	106.33%	127.37%	37.87%	185.33%	204.53%	105.95%	202.88%	77.78%	169.04%	310.38%	374.62%	17.80%	324.02%	203.45%	205.57%	196.88%	246.73%	3.09%	79.96%	144.63%	228.57%	882.07%	354.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.00%	0.01%	0.01%

Balance Sheet

Currency: USD	1984-10-31	1985-10-31	1986-10-31	1987-10-31	1989-10-31	1990-10-31	1991-10-31	1992-10-31	1993-10-31	1994-10-31	1995-10-31	1996-10-31	1997-10-31	1998-10-31	1999-10-31	2000-10-31	2001-10-31	2002-10-31	2003-10-31	2004-10-31	2005-10-31	2006-10-31	2007-10-31	2008-10-31	2009-10-31	2010-10-31	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2024-10-31	2025-10-31

Currency: USD	1984-10-31	1985-10-31	1986-10-31	1987-10-31	1989-10-31	1990-10-31	1991-10-31	1992-10-31	1993-10-31	1994-10-31	1995-10-31	1996-10-31	1997-10-31	1998-10-31	1999-10-31	2000-10-31	2001-10-31	2002-10-31	2003-10-31	2004-10-31	2005-10-31	2006-10-31	2007-10-31	2008-10-31	2009-10-31	2010-10-31	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2024-10-31	2025-10-31
Total Assets	50.10M	61.20M	63.40M	38.10M	55.00M	46.70M	55.40M	61.80M	67.90M	64.60M	71.50M	83.90M	96.30M	93.50M	106.80M	114.20M	96.20M	89.40M	98.60M	114.20M	118.00M	128.10M	140.90M	70.10M	89.50M	100.75M	98.42M	104.90M	118.99M	124.03M	118.57M	145.93M	157.62M	154.37M	167.86M	184.61M	213.10M	148.00M	150.82M	173.84M
Total Liabilities	900.00K	800.00K	600.00K	100.00K	300.00K	-	500.00K	2.40M	100.00K	-	100.00K	500.00K	100.00K	100.00K	3.00M	2.90M	300.00K	2.50M	100.00K	900.00K	400.00K	1.30M	1.30M	700.00K	2.80M	1.23M	208.26K	2.58M	173.00K	367.51K	130.24K	1.89M	367.75K	442.15K	1.49M	1.08M	560.72K	364.50K	9.49M	226.12K
Total Equity	49.20M	60.40M	62.80M	38.00M	54.70M	46.70M	54.90M	59.40M	67.80M	64.60M	71.40M	83.30M	96.20M	93.40M	103.80M	111.30M	95.90M	86.90M	98.50M	113.40M	117.60M	126.80M	139.60M	69.40M	86.70M	99.52M	98.21M	102.32M	118.82M	123.67M	118.44M	144.04M	157.25M	153.93M	166.16M	183.53M	212.54M	147.64M	141.34M	173.62M
Cash	-	-	-	-	-	100.00K	1.00M	-	400.00K	100.00K	-	100.00K	900.00K	800.00K	400.00K	100.00K	1.20M	300.00K	800.00K	400.00K	100.00K	300.00K	100.00K	1.30M	2.30M	5.10M	1.01M	4.84M	3.25M	927.46K	2.23M	8.52M	38.98K	4.07K	40.65K	31.30K	-	157	502	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.09K	-	-	775
Net Debt	-	-	-	-	-	-100.00K	-1.00M	-	-400.00K	-100.00K	-	-100.00K	-900.00K	-800.00K	-400.00K	-100.00K	-1.20M	-300.00K	-800.00K	-400.00K	-100.00K	-300.00K	-100.00K	-1.30M	-2.30M	-5.10M	-1.01M	-4.84M	-3.25M	-927.46K	-2.23M	-8.52M	-38.98K	-4.07K	-40.65K	-31.30K	1.09K	-157	-502	775

Cash Flow

Currency: USD	1990-10-31	1991-10-31	1992-10-31	1993-10-31	1994-10-31	1995-10-31	1996-10-31	1997-10-31	1998-10-31	1999-10-31	2000-10-31	2001-10-31	2002-10-31	2003-10-31	2004-10-31	2005-10-31	2006-10-31	2007-10-31	2008-10-31	2009-10-31	2010-10-31	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31

Currency: USD	1990-10-31	1991-10-31	1992-10-31	1993-10-31	1994-10-31	1995-10-31	1996-10-31	1997-10-31	1998-10-31	1999-10-31	2000-10-31	2001-10-31	2002-10-31	2003-10-31	2004-10-31	2005-10-31	2006-10-31	2007-10-31	2008-10-31	2009-10-31	2010-10-31	2011-10-31	2012-10-31	2013-10-31	2014-10-31	2015-10-31	2016-10-31	2017-10-31	2018-10-31	2019-10-31	2020-10-31	2021-10-31	2022-10-31	2023-10-31	2024-10-31	2025-10-31
Operating Cash Flow	-4.45M	12.06M	7.97M	11.88M	140.00K	10.17M	15.26M	17.86M	3.76M	16.19M	15.45M	-7.59M	-5.75M	14.28M	4.04M	7.56M	12.96M	18.36M	-43.64M	20.31M	15.84M	1.21M	6.62M	19.06M	10.25M	2.22M	4.94M	20.11M	7.29M	23.72M	26.95M	42.24M	-	-	-	-
Financing Cash Flow	-3.59M	-3.82M	-3.45M	-3.49M	-3.42M	-3.29M	-3.38M	-4.98M	-6.52M	-5.83M	-7.90M	-7.89M	-3.21M	-2.70M	10.85M	-3.31M	-3.74M	-5.63M	-26.54M	-2.98M	-3.05M	-2.52M	-2.52M	-2.55M	-5.40M	-7.45M	-9.34M	-6.89M	-10.62M	-11.49M	-9.58M	-13.23M	-	-	-	-
Capital Expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-4.45M	12.06M	7.97M	11.88M	140.00K	10.17M	15.26M	17.86M	3.76M	16.19M	15.45M	-7.59M	-5.75M	14.28M	4.04M	7.56M	12.96M	18.36M	-43.64M	20.31M	15.84M	1.21M	6.62M	19.06M	10.25M	2.22M	4.94M	20.11M	7.29M	23.72M	-	-	-	-	-	-
Dividends Paid	4.62M	3.82M	3.45M	5.53M	5.26M	4.85M	5.12M	9.71M	14.25M	13.14M	14.24M	17.64M	4.38M	3.45M	3.83M	3.90M	4.40M	7.72M	15.74M	3.45M	3.72M	3.17M	2.92M	2.98M	2.96M	4.65M	9.51M	8.24M	7.70M	13.95M	11.36M	18.89M	-	-	-	-
FCF to OCF	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-	-	-	-	-	-
Dividend Paid to FCF	-103.82%	31.67%	43.29%	46.55%	3757.14%	47.69%	33.55%	54.37%	378.99%	81.16%	92.17%	-232.41%	-76.17%	24.16%	94.80%	51.59%	33.95%	42.05%	-36.07%	16.99%	23.48%	261.98%	44.11%	15.63%	28.88%	209.77%	192.47%	41.00%	105.62%	58.79%	-	-	-	-	-	-

Earnings

Report Date	Jan 31, 2011	Apr 30, 2011	Jul 31, 2011	Oct 31, 2011	Jan 31, 2012	Apr 30, 2012	Jul 31, 2012	Oct 31, 2012	Jan 31, 2013	Apr 30, 2013	Jul 31, 2013	Oct 31, 2013	Jan 31, 2014	Apr 30, 2014	Jul 31, 2014	Oct 31, 2014	Jan 31, 2015	Apr 30, 2015	Jul 31, 2015	Oct 31, 2015	Jan 31, 2016	Apr 30, 2016	Jun 24, 2016	Oct 31, 2016	Dec 20, 2016	Apr 30, 2017	Jun 7, 2017	Oct 31, 2017	Dec 26, 2017	Apr 30, 2018	Jun 1, 2018	Aug 21, 2018	Dec 25, 2018	Feb 12, 2019	May 31, 2019	Aug 20, 2019	Dec 24, 2019	Feb 11, 2020	May 29, 2020	Aug 18, 2020	Dec 22, 2020	Feb 9, 2021	May 28, 2021	Aug 17, 2021	Dec 21, 2021	Feb 8, 2022	May 27, 2022	Aug 16, 2022	Dec 20, 2022	Feb 7, 2023	May 26, 2023	Aug 15, 2023	Dec 26, 2023	Feb 6, 2024	May 31, 2024	Aug 20, 2024	Dec 5, 2024	Feb 11, 2025	Jun 6, 2025	Dec 8, 2025
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS Actual	1.05	1.05	-0.93	-0.93	0.48	0.48	0.14	0.14	0.89	0.89	0.89	0.89	0.69	0.69	0.29	0.29	0.51	0.51	-0.30	-0.30	-0.17	-0.17	-0.34	0.61	1.23	1.09	2.17	0.67	1.35	0.44	0.88	0.10	0.21	1.21	2.41	0.90	1.80	-0.26	-0.52	2.64	5.31	3.21	6.42	0.47	0.94	0.00	-6.01	0.00	-2.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.20	1.20	0.74	6.41
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap135.20M

Enterprise Value158.58M

Trailing P/E3.59

Forward P/E0.00

PEG Ratio0.00

Price / Sales33.98

Price / Book0.98

EPS6.70

Book Value24.53

Revenue (TTM)3.98M

Gross Profit (TTM)3.98M

Profit Margin984.47%

Operating Margin46.99%

Return on Equity25.49%

Return on Assets0.92%

Shares Outstanding5.63M

Shares Float0

Beta1.01

Dividend Yield6.79%

Dividend Rate1.64

Payout Ratio22.78%

Dividends

20263×

0.41Sep 16, 20260.35Jun 15, 20260.35Mar 17, 2026

20254×

0.35Nov 24, 20250.32Sep 16, 20250.32Jun 13, 20250.32Mar 17, 2025

20244×

0.32Nov 22, 20240.32Sep 16, 20240.32Jun 13, 20240.32Mar 13, 2024

20234×

0.32Nov 21, 20230.32Sep 14, 20230.32Jun 14, 20230.32Mar 16, 2023

20224×

0.32Nov 22, 20220.32Sep 15, 20220.32Jun 14, 20220.32Mar 16, 2022

20214×

3.17Nov 23, 20210.32Sep 15, 20210.32Jun 15, 20210.32Mar 16, 2021

20201×

2.25Nov 24, 2020