Virtus Convertible & Income Fund (NCV) Stock

About Virtus Convertible & Income Fund

The Virtus Convertible & Income Fund, previously known as AGIC Convertible & Income Fund, is a U.S.-domiciled, closed-end mutual fund specializing in fixed-income investments. Launched and primarily overseen by Allianz Global Investors Fund Management LLC, with Allianz Global Investors U.S. LLC serving as co-manager, this fund was established on March 31, 2003. Its investment strategy concentrates on the fixed-income markets within the United States, predominantly allocating capital to convertible securities and non-convertible high-yield bonds that are rated below investment grade. The fund aims for a diverse maturity profile, maintaining a weighted average maturity for its holdings typically ranging from five to ten years. Portfolio construction is driven by fundamental analysis and a bottom-up security selection approach, supported by proprietary models and in-house research capabilities.

Virtus Convertible & Income Fund is headquartered in US.

Virtus Convertible & Income Fund (NCV) stock trades at $17.01 with a market capitalization of $384.31M. The stock is valued at a price-to-earnings (P/E) ratio of 5.08, price-to-book of 0.90, price-to-sales of 5.31. Over the past 52 weeks the stock has ranged between $14.15 and $17.65, and currently trades 3.6% below its 52-week high. It pays a dividend yielding 9.58%.

On profitability, Virtus Convertible & Income Fund generates a return on equity (ROE) of 17.64%, above the typical market average, return on capital employed of 15.05%, an operating margin of 124.09%, a net profit margin of 116.17%.

Official website: www.allianzinvestors.com/Products/pages/12.aspx