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Diversified Investments
Gabelli Convertible Income Securities Fund Inc. (GCV) is a publicly traded company listed on the New York stock exchange. It is an investment fund that focuses on convertible securities, which are securities that can be converted into shares of common stock of the issuing company.
Here are some key fundamental metrics for Gabelli Convertible Income Securities Fund Inc.
A. Earnings
Gabelli Convertible Income Securities Fund Inc's net investment income for the quarter that ended in August 2022 was $4,284,321. The net realized and unrealized gains for the same period were $12,227,095. The fund's earnings per share for the quarter were $0.14.
B. Dividend
The fund's current dividend yield is 7.61% as of November 2022.The fund pays a monthly distribution, and the last reported ex-dividend date was Nov 19, 2022. The fund's 52 week low and high dividend yield were 6.81% and 8.55%.
C. Growth
The fund's total assets are valued at around $398 million, with a five-year annual returns of 51% compared with a -12.2% return for the S&P 500. The fund has returned 7.31% over the past year, as of September 14, 2022, compared with a -10.68% return for the S&P 500.
D. Holdings
The fund's investment portfolio mainly includes convertible securities, such as convertible bonds, notes, and preferred stocks. The top holdings of the fund include T-Mobile US Inc., Cummins Inc., TE Connectivity, Delta Air Lines Inc., Alumni Corp., Roku, Cisco Systems, Draftkings, Biogen, and Visa.
E. Management
The fund's investment manager is Gabelli Funds, LLC, founded by Mario Gabelli in 1976. Gabelli is a well-known value investor who has been successful in managing value portfolios. The company has a team of experienced portfolio managers who have been working together for several years.
F. Valuation
The fund's net asset value as of December 31, 2021, was $9.25 per share. The price-to-book ratio was 1.08 as of November 2022, indicating that the market price of the fund's shares is currently above its net asset value. However, it is essential to note that the fund's earnings multiples are relatively low compared to the broader market, with a price-earnings ratio of 14.86.
Finally, the Gabelli convertible Income Securities Fund Inc is a publicly traded investment f=fund that specializes in convertible securities. The fund has delivered consistent growth over the years, and its earnings have consistently outperformed the broader market. However, it is essential to do your own research and seek the advice of a financial advisor before making any investment decisions.