On October 17, 2024, Daniel Black, Director of Advent Convertible & Income Fund (AVK, Financial), purchased 1,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 21,998.58 shares of Advent Convertible & Income Fund.
Advent Convertible & Income Fund (AVK, Financial) focuses on achieving total return through a combination of capital appreciation and current income. The fund primarily invests in convertible securities and non-convertible income-producing securities.
The shares were acquired at a price of $11.28 each, valuing the transaction at $11,280. The current market cap of Advent Convertible & Income Fund stands at approximately $401.153 million.
Regarding valuation metrics, the price-earnings ratio of Advent Convertible & Income Fund is 10.80, which is below the industry median of 11.85. This ratio provides insight into what investors are willing to pay for a dollar of earnings in a given stock compared to the industry average.
Over the past year, the insider transaction history for Advent Convertible & Income Fund shows a trend of more insider buys than sells, with 5 insider buys and only 1 insider sell recorded.
This recent purchase by Director Daniel Black aligns with the ongoing trend of insider buying at Advent Convertible & Income Fund, potentially signaling confidence in the future prospects of the company.
For more detailed information on Advent Convertible & Income Fund's stock performance and valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, investors can refer to the GF Value assessment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
