Gabelli Convertible and Income Securities Fund
Market Cap
US$117.4m
Last Updated
2021/02/26 23:51 UTC
Data Sources
Company Financials
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
| GCV | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.6% | -2.6% | -4.6% |
| 30 Day | -0.5% | 8.5% | 0.6% |
| 90 Day | 6.5% | 14.9% | 1.9% |
| 1 Year | 30.9%19.5% | 41.3%38.0% | 41.5%38.5% |
| 3 Year | 50.9%9.9% | 39.5%29.1% | 56.7%46.7% |
| 5 Year | 129.8%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Portfolio Manager | 31.58yrs | no data | 2.7% $ 3.2m | |
| Executive Vice President & Chief Operating Officer | no data | no data | 0.012% $ 14.4k | |
| President & Chief Operating Officer of the Open-End Fund Division & Vice President | no data | no data | no data | |
| Vice President | no data | US$160.00k | no data | |
| Assistant Vice President | no data | US$72.00k | no data | |
| Portfolio Manager | 6.08yrs | no data | no data | |
| Portfolio Manager | 6.08yrs | no data | no data | |
| Portfolio Manager | 6.08yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 29.83yrs | US$7.50k | no data | |
| Independent Director | 31.67yrs | US$6.00k | no data | |
| Independent Director | 31.67yrs | US$6.00k | no data | |
| Independent Director | 29yrs | US$6.00k | 0.0026% $ 3.0k | |
| Lead Independent Director | no data | US$11.00k | no data | |
| Independent Director | 31.25yrs | US$9.50k | no data | |
| Independent Director | 19.5yrs | US$6.50k | 0.56% $ 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
- Name: The Gabelli Convertible and Income Securities Fund Inc.
- Ticker: GCV
- Exchange: NYSE
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$117.445m
- Shares outstanding: 18.82m
- Website: https://www.gabelli.com/Template/fundinfo.cfm?tid=ZTQ4&bid=NmU0Mw==&mid=ZmRjOA==&num=MzcyZjg=&kid=NjNhODI=&fid=MzU2ZDI=&rid=704=edoc_dnuf
Location
- The Gabelli Convertible and Income Securities Fund Inc.
- One Corporate Center
- Rye
- New York
- 10580-1422
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GCV | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Aug 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 23:51 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.