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Upturn AI SWOT - About
Tri Continental Closed Fund (TY)
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Upturn Advisory Summary
03/20/2025: TY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 1.74% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/20/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.61B USD | Price to earnings Ratio 4.94 | 1Y Target Price - |
Price to earnings Ratio 4.94 | 1Y Target Price - | ||
Volume (30-day avg) 48199 | Beta 0.97 | 52 Weeks Range 27.91 - 34.22 | Updated Date 04/2/2025 |
52 Weeks Range 27.91 - 34.22 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 3.73% | Basic EPS (TTM) 6.21 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 471.08% | Operating Margin (TTM) 87.17% |
Management Effectiveness
Return on Assets (TTM) 2.03% | Return on Equity (TTM) 17.57% |
Valuation
Trailing PE 4.94 | Forward PE - | Enterprise Value 1674601728 | Price to Sales(TTM) 23.66 |
Enterprise Value 1674601728 | Price to Sales(TTM) 23.66 | ||
Enterprise Value to Revenue 5.13 | Enterprise Value to EBITDA - | Shares Outstanding 52533100 | Shares Floating - |
Shares Outstanding 52533100 | Shares Floating - | ||
Percent Insiders 0.03 | Percent Institutions 13.57 |
Analyst Ratings
Rating 5 | Target Price - | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Tri Continental Closed Fund
Company Overview
History and Background
Tri Continental Corporation, now Tri Continental Closed Fund (TY), was founded in 1929. It is one of the oldest closed-end investment companies in the United States. The fund primarily invests in a diversified portfolio of common stocks.
Core Business Areas
- Investment Management: TY focuses on generating long-term capital appreciation and current income through investments in a variety of sectors.
Leadership and Structure
The fund is managed by Columbia Management Investment Advisers, LLC. The structure is that of a closed-end fund, with a board of directors overseeing the investment strategy and management.
Top Products and Market Share
Key Offerings
- Diversified Equity Portfolio: TY offers investors exposure to a diversified portfolio of primarily common stocks. Market share is difficult to quantify directly, but TY competes within the broader closed-end fund and investment management industry. Competitors include other closed-end funds and ETFs.
Market Dynamics
Industry Overview
The closed-end fund industry is characterized by active management and the ability to invest in a broader range of assets than traditional mutual funds. Market conditions, interest rates, and investor sentiment significantly impact performance.
Positioning
Tri Continental Closed Fund is a long-established player in the closed-end fund market, known for its focus on equity investments and income generation. Its competitive advantage lies in its history, brand recognition, and experienced management team.
Total Addressable Market (TAM)
The total addressable market for investment management is in the trillions of dollars globally. TY's position within this TAM is a small portion of it, as it primarily caters to investors looking for diversified equity exposure and income through closed-end funds.
Upturn SWOT Analysis
Strengths
- Long-standing history and reputation
- Experienced management team
- Diversified equity portfolio
- Focus on income generation
- Established brand recognition
Weaknesses
- Closed-end fund structure can lead to trading at a discount to NAV
- Dependence on market conditions for performance
- Management fees can impact returns
- Relatively undifferentiated product offering
Opportunities
- Growing demand for income-generating investments
- Expanding into new asset classes
- Leveraging technology to improve efficiency
- Attracting younger investors through digital channels
Threats
- Increased competition from ETFs and other investment vehicles
- Rising interest rates can impact equity valuations
- Economic downturns can negatively impact portfolio performance
- Regulatory changes in the investment management industry
Competitors and Market Share
Key Competitors
- Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG)
- BlackRock Enhanced Equity Dividend Trust (BDJ)
- Gabelli Equity Trust Inc (GAB)
Competitive Landscape
TY faces competition from other closed-end funds, ETFs, and investment management companies. Its advantages include its long history and experienced management, while its disadvantages include the closed-end fund structure and reliance on market conditions.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Growth trends are influenced by market performance and investor demand for closed-end funds. The fund's asset base fluctuates with market valuations.
Future Projections: Future growth projections are dependent on analyst estimates and market forecasts. It is difficult to say exactly because the market is highly volatile
Recent Initiatives: Recent initiatives could include adjustments to the investment portfolio, changes in dividend policy, or efforts to improve shareholder communication. No specific information can be extracted.
Summary
Tri Continental Closed Fund is a long-standing closed-end fund focused on equity investments and income generation. Its strengths include its history and experienced management, while its weaknesses involve the closed-end fund structure. Opportunities lie in expanding into new asset classes and attracting younger investors. Threats include increased competition and economic downturns.
Similar Companies
Sources and Disclaimers
Data Sources:
- Company filings
- Financial news websites
- Analyst reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company-specific factors can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tri Continental Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 1983-04-06 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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.
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