Allspring Multi Sector Income Fund
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $9.4527
- Today's High:
- $9.53
- Open Price:
- $9.5
- 52W Low:
- $7.8571
- 52W High:
- $10.096
- Prev. Close:
- $9.48
- Volume:
- 48672
Company Statistics
- Market Cap.:
- $248.50 million
- Book Value:
- 9.472
- Revenue TTM:
- $25.48 million
- Operating Margin TTM:
- 89.29%
- Gross Profit TTM:
- $25.48 million
- Profit Margin:
- -220.69%
- Return on Assets TTM:
- 3.19%
- Return on Equity TTM:
- -18.18%
Company Profile
Allspring Multi Sector Income Fund had its IPO on 2003-06-25 under the ticker symbol ERC.
The company operates in the Financial Services sector and Asset Management industry. Allspring Multi Sector Income Fund has a staff strength of 0 employees.
Stock update
Shares of Allspring Multi Sector Income Fund opened at $9.5 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $9.45 - $9.53, and closed at $9.53.
This is a +0.53% increase from the previous day's closing price.
A total volume of 48,672 shares were traded at the close of the day’s session.
In the last one week, shares of Allspring Multi Sector Income Fund have increased by +0.58%.
Allspring Multi Sector Income Fund's Key Ratios
Allspring Multi Sector Income Fund has a market cap of $248.50 million, indicating a price to book ratio of 0.9275 and a price to sales ratio of 10.5777.
In the last 12-months Allspring Multi Sector Income Fund’s revenue was $25.48 million with a gross profit of $25.48 million and an EBITDA of $23.07 million. The EBITDA ratio measures Allspring Multi Sector Income Fund's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Allspring Multi Sector Income Fund’s operating margin was 89.29% while its return on assets stood at 3.19% with a return of equity of -18.18%.
In Q1.3333333333333, Allspring Multi Sector Income Fund’s quarterly earnings growth was a negative -83.6% while revenue growth was a negative 2.2%.
Allspring Multi Sector Income Fund’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 0
- PEG
- 0
Its diluted EPS in the last 12-months stands at $-2 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Allspring Multi Sector Income Fund’s profitability.
Allspring Multi Sector Income Fund stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 10.5777.
Allspring Multi Sector Income Fund stock pays annual dividends of $1.095 per share, indicating a yield of 8.88% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $389.72 million
- Total Liabilities
- $4.26 million
- Operating Cash Flow
- $0
- Capital Expenditure
- $0
- Dividend Payout Ratio
- 0%
Allspring Multi Sector Income Fund ended 2024 with $389.72 million in total assets and $0 in total liabilities. Its intangible assets were valued at $389.72 million while shareholder equity stood at $265.67 million.
Allspring Multi Sector Income Fund ended 2024 with $0 in deferred long-term liabilities, $4.26 million in other current liabilities, 375050986.00 in common stock, $-109377585.00 in retained earnings and $0 in goodwill. Its cash balance stood at $1146.00 and cash and short-term investments were $1146.00. The company’s total short-term debt was $0 while long-term debt stood at $0.
Allspring Multi Sector Income Fund’s total current assets stands at $7.50 million while long-term investments were $382.20 million and short-term investments were $0. Its net receivables were $7.50 million compared to accounts payable of $4.26 million and inventory worth $0.
In 2024, Allspring Multi Sector Income Fund's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, Allspring Multi Sector Income Fund paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $9.53
- 52-Week High
- $10.096
- 52-Week Low
- $7.8571
- Analyst Target Price
- $
Allspring Multi Sector Income Fund stock is currently trading at $9.53 per share. It touched a 52-week high of $10.096 and a 52-week low of $10.096. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $9.38 and 200-day moving average was $9.1 The short ratio stood at 0.15 indicating a short percent outstanding of 0%.
Around 0% of the company’s stock are held by insiders while 2348.8% are held by institutions.
Frequently Asked Questions About Allspring Multi Sector Income Fund
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About
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.