Virtus Equity & Convertible Income Fund (NIE) Stock

About Virtus Equity & Convertible Income Fund

The Virtus Equity & Convertible Income Fund is a closed-end mutual fund designed to invest in a mix of stocks and income-producing convertible securities. It is overseen and managed by Allianz Global Investors Fund Management LLC, with co-management responsibilities held by Allianz Global Investors U.S. LLC. The fund's primary focus is on public equity markets within the United States, targeting companies across diverse economic sectors. A significant portion of its equity holdings comprises growth-oriented companies. Its investment strategy is rooted in comprehensive fundamental analysis, seeking out firms that exhibit characteristics such as exceptional earnings growth, a high return on invested capital, strong or improving financial stability, pronounced competitive advantages, and engagement in developing new technologies. Initially known as the AGIC Equity & Convertible Income Fund, it was established in the United States on February 27, 2007.

Virtus Equity & Convertible Income Fund is headquartered in US.

Virtus Equity & Convertible Income Fund (NIE) stock trades at $26.47 with a market capitalization of $733.46M. The stock is valued at a price-to-earnings (P/E) ratio of 6.41, price-to-book of 0.94, price-to-sales of 8.45. Over the past 52 weeks the stock has ranged between $22.78 and $27.24, and currently trades 2.8% below its 52-week high. It pays a dividend yielding 8.76%.

On profitability, Virtus Equity & Convertible Income Fund generates a return on equity (ROE) of 15.02%, above the typical market average, return on capital employed of 14.67%, an operating margin of 131.75%, a net profit margin of 131.75%.

Official website: www.allianzinvestors.com/Products/pages/456.aspx