Tri Continental Closed Fund
Prices are adjusted according to historical splits.
- Today's Low:
- Today's High:
- Open Price:
- 52W Low:
- 52W High:
- Prev. Close:
- Market Cap.:
- $1.45 billion
- Book Value:
- Revenue TTM:
- $66.74 million
- Operating Margin TTM:
- Gross Profit TTM:
- $68.21 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Tri Continental Closed Fund had its IPO on 1983-04-06 under the ticker symbol TY.
The company operates in the Financial Services sector and Asset Management industry. Tri Continental Closed Fund has a staff strength of 0 employees.
Shares of Tri Continental Closed Fund opened at $27.11 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $27.08 - $27.19, and closed at $27.08.
This is a -0.29% slip from the previous day's closing price.
A total volume of 29,816 shares were traded at the close of the day’s session.
In the last one week, shares of Tri Continental Closed Fund have slipped by -1.69%.
Tri Continental Closed Fund's Key Ratios
Tri Continental Closed Fund has a market cap of $1.45 billion, indicating a price to book ratio of 0.8831 and a price to sales ratio of 20.534.
In the last 12-months Tri Continental Closed Fund’s revenue was $66.74 million with a gross profit of $68.21 million and an EBITDA of $0. The EBITDA ratio measures Tri Continental Closed Fund's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Tri Continental Closed Fund’s operating margin was 88.63% while its return on assets stood at 2.18% with a return of equity of 9.94%.
In Q2, Tri Continental Closed Fund’s quarterly earnings growth was a negative -85.5% while revenue growth was a negative 4.1%.
Tri Continental Closed Fund’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $3.09 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 Tri Continental Closed Fund’s profitability.
Tri Continental Closed 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 20.534.
Tri Continental Closed Fund stock pays annual dividends of $1.732 per share, indicating a yield of 4.06% and a payout ratio of 2.39%.
Balance sheet and cash flow metrics
- Total Assets
- $1.71 billion
- Total Liabilities
- $6.79 million
- Operating Cash Flow
- Capital Expenditure
- Dividend Payout Ratio
Tri Continental Closed Fund ended 2023 with $1.71 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.71 billion while shareholder equity stood at $1.70 billion.
Tri Continental Closed Fund ended 2023 with $0 in deferred long-term liabilities, $6.79 million in other current liabilities, 26704236.00 in common stock, $193.51 million in retained earnings and $0 in goodwill. Its cash balance stood at $0 and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $0.
Tri Continental Closed Fund’s total current assets stands at $13.69 million while long-term investments were $1.69 billion and short-term investments were $0. Its net receivables were $13.69 million compared to accounts payable of $6.79 million and inventory worth $0.
In 2023, Tri Continental Closed Fund's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, Tri Continental Closed Fund paid $0.02 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Tri Continental Closed Fund stock is currently trading at $27.08 per share. It touched a 52-week high of $28.243 and a 52-week low of $28.243. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $27.48 and 200-day moving average was $26.37 The short ratio stood at 19.3 indicating a short percent outstanding of 0%.
Around 0.4% of the company’s stock are held by insiders while 1175.8% are held by institutions.
Frequently Asked Questions About Tri Continental Closed Fund
Similar Industry Stocks (Asset Management)
Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.