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Bexil Corporation (OTC:BXLC) Stock In Focus After Earnings Update

Scott Birndorf

The midweek trading period can sometimes be tricky, but this morning there are some stocks that could be tracked by investors, and one of those is the Bexil Corporation (OTC:BXLC) stock. The company was in sharp focus on Tuesday after it announced its financial results for the fiscal year ended on December 31, 2024.

The Highlights

The company announced that in the 2024 fiscal year it had generated net income of $3.1 million attributable to shareholders as opposed to $3.2 million in the previous fiscal year. However, the earnings per share jumped from $4.41 in 2023 to $4.83 in the 2024 fiscal. Additionally, Bexil Corporation revealed that the net unrealized gains for the year were $0.44 million at the end of the period. In the previous fiscal year, the company ended with unrealized gains to the tune of $1.6 million.

Further Information

One of the more crucial pieces of information provided by Bexil Corporation yesterday was that the company had decided to repurchase shares from time to time. However, it was also noted that any repurchase would take place entirely at the discretion of the company. It could be a good move to keep an eye on Bexil Corporation today.