NYSE:GCV

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Gabelli Convertible and Income Securities Fund

Executive Summary

The Gabelli Convertible and Income Securities Fund Inc. More Details

Rewards


Snowflake Analysis

Share Price & News

How has Gabelli Convertible and Income Securities Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GCV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: GCV's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-5.6%

GCV

-2.6%

US Capital Markets

-4.6%

US Market


1 Year Return

19.5%

GCV

38.0%

US Capital Markets

38.5%

US Market

Return vs Industry: GCV underperformed the US Capital Markets industry which returned 36.4% over the past year.

Return vs Market: GCV underperformed the US Market which returned 38.9% over the past year.


Shareholder returns

GCVIndustryMarket
7 Day-5.6%-2.6%-4.6%
30 Day-0.5%8.5%0.6%
90 Day6.5%14.9%1.9%
1 Year30.9%19.5%41.3%38.0%41.5%38.5%
3 Year50.9%9.9%39.5%29.1%56.7%46.7%
5 Year129.8%39.9%140.6%110.9%123.5%98.6%

Long-Term Price Volatility Vs. Market

How volatile is Gabelli Convertible and Income Securities Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gabelli Convertible and Income Securities 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: GCV ($6.24) is trading below our estimate of fair value ($6.64)

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


Price To Earnings Ratio

PE vs Industry: GCV is good value based on its PE Ratio (14.2x) compared to the US Capital Markets industry average (23.4x).

PE vs Market: GCV is good value based on its PE Ratio (14.2x) compared to the US market (21.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GCV is good value based on its PB Ratio (1.2x) compared to the US Capital Markets industry average (10.9x).

Future Growth

How is Gabelli Convertible and Income Securities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

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 Gabelli Convertible and Income Securities 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 Gabelli Convertible and Income Securities Fund performed over the past 5 years?

43.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GCV has a large one-off gain of $8.4M impacting its June 30 2020 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: GCV has become profitable over the past 5 years, growing earnings by 43.8% per year.

Accelerating Growth: GCV's earnings growth over the past year (18%) is below its 5-year average (43.8% per year).

Earnings vs Industry: GCV earnings growth over the past year (18%) exceeded the Capital Markets industry 9.9%.


Return on Equity

High ROE: GCV's Return on Equity (6.5%) is considered low.

Financial Health

How is Gabelli Convertible and Income Securities Fund's financial position?


Financial Position Analysis

Short Term Liabilities: GCV's short term assets ($506.1K) exceed its short term liabilities ($318.8K).

Long Term Liabilities: GCV has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GCV is debt free.

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

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

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


Balance Sheet

Dividend

What is Gabelli Convertible and Income Securities Fund current dividend yield, its reliability and sustainability?

7.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GCV's dividend (7.69%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: GCV's dividend (7.69%) is in the top 25% of dividend payers in the US market (3.72%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (108.9%), GCV'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?

6.1yrs

Average management tenure


CEO

Bruce Alpert (68 yo)

no data

Tenure

Mr. Bruce N. Alpert, CPA, has been a Executive Vice President at GAMCO Investors, Inc. He served as a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert is President at The Gabelli Di...


Leadership Team

NamePositionTenureCompensationOwnership
Mario Gabelli
Portfolio Manager 31.58yrsno data2.7%
$ 3.2m
Bruce Alpert
Executive Vice President & Chief Operating Officerno datano data0.012%
$ 14.4k
Agnes Mullady
President & Chief Operating Officer of the Open-End Fund Division & Vice Presidentno datano datano data
Laurissa Martire
Vice Presidentno dataUS$160.00kno data
Curtis Browning
Assistant Vice Presidentno dataUS$72.00kno data
Thomas Dinsmore
Portfolio Manager6.08yrsno datano data
James Dinsmore
Portfolio Manager6.08yrsno datano data
Jane O'Keeffe
Portfolio Manager6.08yrsno datano data

6.1yrs

Average Tenure

63yo

Average Age

Experienced Management: GCV's management team is seasoned and experienced (6.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Salvatore Zizza
Independent Director29.83yrsUS$7.50kno data
Dugald Fletcher
Independent Director31.67yrsUS$6.00kno data
E. Cerutti
Independent Director31.67yrsUS$6.00kno data
Anthonie van Ekris
Independent Director29yrsUS$6.00k0.0026%
$ 3.0k
Anthony Pustorino
Lead Independent Directorno dataUS$11.00kno data
Anthony Colavita
Independent Director31.25yrsUS$9.50kno data
Werner Roeder
Independent Director19.5yrsUS$6.50k0.56%
$ 655.2k

30.5yrs

Average Tenure

85yo

Average Age

Experienced Board: GCV's board of directors are seasoned and experienced ( 30.5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: GCV insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

The Gabelli Convertible and Income Securities Fund Inc.'s company bio, employee growth, exchange listings and data sources


Key Information


Location

  • The Gabelli Convertible and Income Securities Fund Inc.
  • One Corporate Center
  • Rye
  • New York
  • 10580-1422
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GCVNYSE (New York Stock Exchange)YesCommon SharesUSUSDAug 1989

Biography

The Gabelli Convertible and Income Securities Fund Inc. is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity and f...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 23:51
End of Day Share Price2021/02/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.