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GCV

Gabelli Convertible and Income Securities FundNYSE:GCV Stock Report

Last Price

US$6.32

Market Cap

US$119.0m

7D

-4.1%

1Y

-2.5%

Updated

19 Jan, 2022

Data

Company Financials
GCV fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends4/6

GCV Stock Overview

The Gabelli Convertible and Income Securities Fund Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Gabelli Convertible and Income Securities Fund
Historical stock prices
Current Share PriceUS$6.32
52 Week HighUS$7.21
52 Week LowUS$5.76
Beta1.06
1 Month Change-4.82%
3 Month Change-1.71%
1 Year Change-2.47%
3 Year Change30.04%
5 Year Change31.67%
Change since IPO-39.98%

Recent News & Updates

Oct 14

Gabelli Convertible & Income Securities Fund: An Attractive Higher Yield Convertible Fund

GCV is another fund that is offered under the Gabelli fund sponsor, the others being BCV and ECF. This one is slightly different from BCV and ECF in that it also includes Mario Gabelli himself as a manager. Despite that, the other managers are the same and there is quite a bit of overlap in the portfolio.

Nov 13

Gabelli Convertible&Income Securities Fund declares $0.12 dividend

Gabelli Convertible&Income Securities Fund (GCV) declares $0.12/share quarterly dividend, in line with previous.Forward yield 8.65%Payable Dec. 18; for shareholders of record Dec. 11; ex-div Dec. 10.See GCV Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

GCVUS Capital MarketsUS Market
7D-4.1%-5.5%-4.6%
1Y-2.5%24.6%7.7%

Return vs Industry: GCV underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: GCV underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is GCV's price volatile compared to industry and market?
GCV volatility
GCV Average Weekly Movement2.8%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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.

About the Company

FoundedEmployeesCEOWebsite
1988n/aBruce Alperthttps://www.gabelli.com/Template/fundinfo.cfm?tid=ZTQ4&bid=NmU0Mw==&mid=ZmRjOA==&num=MzcyZjg=&kid=NjNhODI=&fid=MzU2ZDI=&rid=704=edoc_dnuf

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 fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.

Gabelli Convertible and Income Securities Fund Fundamentals Summary

How do Gabelli Convertible and Income Securities Fund's earnings and revenue compare to its market cap?
GCV fundamental statistics
Market CapUS$118.95m
Earnings (TTM)US$36.54m
Revenue (TTM)US$2.90m

3.3x

P/E Ratio

41.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GCV income statement (TTM)
RevenueUS$2.90m
Cost of RevenueUS$0
Gross ProfitUS$2.90m
Expenses-US$33.64m
EarningsUS$36.54m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.94
Gross Margin100.00%
Net Profit Margin1,259.10%
Debt/Equity Ratio0.0%

How did GCV perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

25%

Payout Ratio

Valuation

Is Gabelli Convertible and Income Securities Fund undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GCV ($6.32) is trading below our estimate of fair value ($15.14)

Significantly Below Fair Value: GCV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GCV is good value based on its PE Ratio (3.3x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: GCV is good value based on its PE Ratio (3.3x) compared to the US market (17x).


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 (0.9x) compared to the US Capital Markets industry average (42.2x).

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?

6.3%

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?

42.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GCV has a large one-off gain of $37.1M impacting its June 30 2021 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: GCV has become profitable over the past 5 years, growing earnings by 42.7% per year.

Accelerating Growth: GCV's earnings growth over the past year (340.5%) exceeds its 5-year average (42.7% per year).

Earnings vs Industry: GCV earnings growth over the past year (340.5%) exceeded the Capital Markets industry 86.4%.


Return on Equity

High ROE: GCV's Return on Equity (22.5%) is considered high.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: GCV's short term assets ($568.8K) do not cover its short term liabilities ($1.3M).

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?

10.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GCV's dividend (10.76%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: GCV's dividend (10.76%) is in the top 25% of dividend payers in the US market (3.48%)


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 low payout ratio (24.7%), GCV's dividend payments are 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?

7.0yrs

Average management tenure


CEO

Bruce Alpert (69 yo)

no data

Tenure

Mr. Bruce N. Alpert, CPA, has been the President of GAMCO Global Gold, Natural Resources & Income Trust since 2005. He serves as a Senior Vice President of GAMCO Investors Inc. since May 2008. Mr. Alpert i...


Leadership Team

Experienced Management: GCV's management team is seasoned and experienced (7 years average tenure).


Board Members

Experienced Board: GCV's board of directors are seasoned and experienced ( 32.2 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 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.