PCF Stock Overview
About the company
High Income Securities Fund is a closed-ended balanced income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in both convertible bonds and convertible preferred stocks. The fund benchmarks the performance of its portfolio against a composite index comprising of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. The fund was formerly known as Putnam High Income Securities Fund High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.
Snowflake Analysis
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
My Notes
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High Income Securities Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.27 |
| 52 Week High | US$8.17 |
| 52 Week Low | US$6.19 |
| Beta | 0.79 |
| 1 Month Change | -6.56% |
| 3 Month Change | -4.81% |
| 1 Year Change | -18.89% |
| 3 Year Change | -5.14% |
| 5 Year Change | -30.64% |
| Change since IPO | -8.80% |
Recent News & Updates
High Income Securities Fund dividend declines by 17.3% to $0.0604
Jan 06High Income Securities Fund declares $0.073 dividend
Oct 11PCF: An Interesting Portfolio At A Fair Valuation
Aug 25PCF: Fund-Of-Funds CEF, Large 11.3% Dividend Yield
Aug 18Recent updates
High Income Securities Fund dividend declines by 17.3% to $0.0604
Jan 06High Income Securities Fund declares $0.073 dividend
Oct 11PCF: An Interesting Portfolio At A Fair Valuation
Aug 25PCF: Fund-Of-Funds CEF, Large 11.3% Dividend Yield
Aug 18High Income Securities Fund declares $0.073 dividend
Jul 07PCF: Discounted And A 10% Managed Distribution Plan
May 22PCF's Rights Offering: Quick Notes
Oct 21PCF: An Underfollowed 9.54% Yielder
Aug 26PCF: High Income Fund With A 9.4%+ Distribution Rate
Jun 09High Income Securities Fund declares $0.078 dividend
Jan 05Shareholder Returns
| PCF | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.2% | -1.4% | -0.3% |
| 1Y | -18.9% | -18.5% | -14.8% |
Return vs Industry: PCF matched the US Capital Markets industry which returned -18.5% over the past year.
Return vs Market: PCF underperformed the US Market which returned -14.8% over the past year.
Price Volatility
| PCF volatility | |
|---|---|
| PCF Average Weekly Movement | 2.4% |
| Capital Markets Industry Average Movement | 0.6% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: PCF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PCF's weekly volatility (2%) has been stable over the past year.
High Income Securities Fund Fundamentals Summary
| PCF fundamental statistics | |
|---|---|
| Market Cap | US$59.49m |
| Earnings (TTM) | -US$3.11m |
| Revenue (TTM) | US$6.53m |
9.1x
P/S Ratio-19.1x
P/E RatioIs PCF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PCF income statement (TTM) | |
|---|---|
| Revenue | US$6.53m |
| Cost of Revenue | US$0 |
| Gross Profit | US$6.53m |
| Other Expenses | US$9.64m |
| Earnings | -US$3.11m |
Last Reported Earnings
Aug 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.33 |
| Gross Margin | 100.00% |
| Net Profit Margin | -47.65% |
| Debt/Equity Ratio | 0% |
How did PCF perform over the long term?
See historical performance and comparison