Gabelli Convertible and Income Securities Fund Inc. (The) Common Stock (GCV)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, this closed-end fund traded at $4.11, with a $90.4 million market cap and an 11.68% dividend yield. FairStock’s calculations show a P/E of 4.07, P/B of 0.99, ROE of 24.10%, Graham Number of $9.70, and a 57.63% margin of safety. On those raw numbers, Mr. Market appears to be offering the convertible and income portfolio at a deep discount to intrinsic value. Yet Graham would demand caution: this is a fund, not an operating business, so reported earnings and return on equity can be distorted by portfolio gains and distributions. The FairStock Piotroski F-Score is 0/9, ROCE is only 0.49%, and Altman Z-Score is 8.70. The balance sheet looks safe by Altman, but quality signals are poor. The 11.68% yield is alluring, but I have no filed revenue or profit growth figures, and the Lynch category is none because there are only 0 years of filed results. That means I cannot judge the consistency of earnings or distribution coverage. Price is near the lower end of the 52-week range of $3.98-$4.80, and beta is 0.80, suggesting lower volatility. The fund invests in convertibles and other debt/equity securities, so its fortunes depend on credit spreads, equity markets, and interest rates. A 0.99 P/B says it trades near net asset value, not at a wide discount. Cheapness may be real, but without multi-year filed results and with weak quality scores, I would treat the low P/E and high yield as something to verify, not as a margin of safety I can trust.

In plain English: This is a fund that invests in convertible bonds and other debt and stock securities. It looks inexpensive compared with its stated numbers and trades near the bottom of its yearly range, but some quality measures are weak and the very high payout is not clearly supported by the data. The price looks cheap on the surface, though the lack of a multi-year record makes it hard to call the business strong.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer