NKG Stock Overview
About the company
Nuveen Georgia Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the Georgia. The fund invests into undervalued municipal securities and other related investments the income from which is exempt from regular federal and Georgia income taxes. It seeks to invest in investment grade securities with an average maturity of around 17 years. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor’s (S&P) Georgia Municipal Bond Index and Standard & Poor’s (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen Georgia Dividend Advantage Municipal Fund 2. Nuveen Georgia Quality Municipal Income Fund was formed on October 26, 2001 and is domiciled in the United States.
Snowflake Analysis
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
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Nuveen Georgia Quality Municipal Income Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$9.91 |
| 52 Week High | US$11.75 |
| 52 Week Low | US$9.40 |
| Beta | 0.34 |
| 1 Month Change | 0.61% |
| 3 Month Change | -1.10% |
| 1 Year Change | -14.12% |
| 3 Year Change | -17.21% |
| 5 Year Change | -13.90% |
| Change since IPO | -33.98% |
Recent News & Updates
Nuveen Georgia Quality Municipal Income Fund declares $0.027 dividend
Feb 07Nuveen Georgia Quality Municipal Income Fund declares $0.027 dividend
Jan 11Nuveen Georgia Quality Municipal Income Fund declares $0.033 dividend
Dec 06Nuveen Georgia Quality Municipal Income Fund reduces dividend by 14.3%
Oct 06Nuveen Georgia Quality Municipal Income Fund dips -9.4% to $0.0385/share
Jul 06Recent updates
Nuveen Georgia Quality Municipal Income Fund declares $0.027 dividend
Feb 07Nuveen Georgia Quality Municipal Income Fund declares $0.027 dividend
Jan 11Nuveen Georgia Quality Municipal Income Fund declares $0.033 dividend
Dec 06Nuveen Georgia Quality Municipal Income Fund reduces dividend by 14.3%
Oct 06Nuveen Georgia Quality Municipal Income Fund dips -9.4% to $0.0385/share
Jul 06Nuveen Georgia Dividend Advantage Municipal Funds 2 declares $0.045 dividend
May 07Nuveen Georgia Dividend Advantage Municipal Funds 2 declares $0.045 dividend
Jan 05Nuveen Georgia Dividend Advantage Municipal Funds 2 declares $0.045 dividend
Dec 02Shareholder Returns
| NKG | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -0.8% | 0.5% | 0.8% |
| 1Y | -14.1% | -17.3% | -14.2% |
Return vs Industry: NKG exceeded the US Capital Markets industry which returned -17.3% over the past year.
Return vs Market: NKG matched the US Market which returned -14.2% over the past year.
Price Volatility
| NKG volatility | |
|---|---|
| NKG Average Weekly Movement | 1.4% |
| Capital Markets Industry Average Movement | 0.6% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: NKG is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: NKG's weekly volatility (1%) has been stable over the past year.
Nuveen Georgia Quality Municipal Income Fund Fundamentals Summary
| NKG fundamental statistics | |
|---|---|
| Market Cap | US$103.06m |
| Earnings (TTM) | -US$22.16m |
| Revenue (TTM) | US$7.44m |
13.8x
P/S Ratio-4.7x
P/E RatioIs NKG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NKG income statement (TTM) | |
|---|---|
| Revenue | US$7.44m |
| Cost of Revenue | US$0 |
| Gross Profit | US$7.44m |
| Other Expenses | US$29.61m |
| Earnings | -US$22.16m |
Last Reported Earnings
Nov 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -2.13 |
| Gross Margin | 100.00% |
| Net Profit Margin | -297.71% |
| Debt/Equity Ratio | 63.5% |
How did NKG perform over the long term?
See historical performance and comparison