Tri Continental Closed Fund

Company Profile

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.

Stock update

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

0

Trailing PE

8.7896

PEG

0

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

$0

Capital Expenditure

$0

Dividend Payout Ratio

2.39%

Tri Continental Closed Fund ended 2024 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 2024 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 2024, 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 2024.

Other key metrics

Current Trading Price

$27.08

52-Week High

$28.243

52-Week Low

$24.2152

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.