| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
GCV Stock Overview
The Gabelli Convertible and Income Securities Fund Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.32 |
| 52 Week High | US$7.21 |
| 52 Week Low | US$5.76 |
| Beta | 1.06 |
| 1 Month Change | -4.82% |
| 3 Month Change | -1.71% |
| 1 Year Change | -2.47% |
| 3 Year Change | 30.04% |
| 5 Year Change | 31.67% |
| Change since IPO | -39.98% |
Recent News & Updates
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.
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
| GCV | US Capital Markets | US 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
| GCV volatility | |
|---|---|
| GCV Average Weekly Movement | 2.8% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1988 | n/a | Bruce Alpert | https://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
| GCV fundamental statistics | |
|---|---|
| Market Cap | US$118.95m |
| Earnings (TTM) | US$36.54m |
| Revenue (TTM) | US$2.90m |
3.3x
P/E Ratio41.0x
P/S RatioIs GCV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GCV income statement (TTM) | |
|---|---|
| Revenue | US$2.90m |
| Cost of Revenue | US$0 |
| Gross Profit | US$2.90m |
| Expenses | -US$33.64m |
| Earnings | US$36.54m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.94 |
| Gross Margin | 100.00% |
| Net Profit Margin | 1,259.10% |
| Debt/Equity Ratio | 0.0% |
How did GCV perform over the long term?
See historical performance and comparisonDividends
10.8%
Current Dividend Yield25%
Payout RatioValuation
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
- Name: The Gabelli Convertible and Income Securities Fund Inc.
- Ticker: GCV
- Exchange: NYSE
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$118.951m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:41 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.