Virtus Equity & Convertible Income Fund logo

Virtus Equity & Convertible Income Fund(NYSE) NIE

Market Cap$694.66MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2007)+470%
5 Year+54%
1 Year+10%
1 Month+2%
$25.04
-0.12%
-0.03Today
Virtus Equity & Convertible Income Fund last closing stock price
MetricPriceDate
Last closeUSD 25.072026-10-16
Virtus Equity & Convertible Income Fund stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.61%USD 25.482026-10-09
1 month+2.12%USD 24.552026-09-16
3 month-2.17%USD 25.632026-07-17
Year to date+7.4%USD 23.342025-12-31
1 year+9.97%USD 22.802025-10-16
3 year+61.96%USD 15.482023-10-17
5 year+53.85%USD 16.302021-10-15
Since inception+470.05%USD 4.402007-02-23

Virtus Equity & Convertible Income Fund Financials at a Glance

Market Cap

$694.66MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$216.91M

Net Income (TTM)

$238.09M

EPS (TTM)

$4.78

P/E Ratio

5.24

Dividend

$2.16

Beta (Volatility)

0.92 (Low)

Price

$25.04

Volume

40,558.726

Open

$25.20

Previous Close

$25.07

Daily Range

$25.03 - $25.20

52-Week Range

$22.78 - $27.24

Estimated Earnings Date

Apr 9, 2026

NIE News

No articles available.

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About Virtus Equity & Convertible Income Fund

Virtus Equity & Convertible Income Fund is a closed-end mutual fund that invests in a diversified portfolio of stocks and income-producing convertible securities. Managed by Allianz Global Investors, the fund primarily targets growth-oriented companies across various sectors in the U.S. public equity markets.

Products and Services
  • Investment in a mix of stocks and convertible securities
  • Focus on growth-oriented companies
  • Comprehensive fundamental analysis for investment selection
Growth Outlook
  • Recent quarterly revenue reached $55.85 million, showing strong performance
  • Trailing twelve months (TTM) revenue of $164.93 million indicates consistent growth
  • Dividend yield of 10.70% reflects attractive income potential for investors
Financial Highlights
  • Net income for the latest quarter was $78.31 million, a significant increase
  • Price-to-earnings (P/E) ratio stands at 6.08, suggesting potential undervaluation
  • Cash and short-term investments total $20.06 million, providing liquidity
The Virtus Equity & Convertible Income Fund offers a unique investment opportunity by combining equity and convertible securities, appealing to investors seeking both growth and income. The fund's strategic focus on growth-oriented companies, coupled with its robust financial performance, positions it as a compelling option in the asset management sector. Recent financial data highlights a strong revenue trajectory and attractive dividend yield, making it an interesting consideration for potential investors.
AI Generated • Sep 28, 2026

Industry

Capital Markets

Sector

Financials

CEO

George Robert Aylward, Jr., MBA

Website

www.virtus.com/NIE

Headquarters

New York City, NY 10019, US

NIE Financials

Key Financial Metrics (TTM)

Gross Margin

93.63%

Operating Margin

100.11%

Net Income Margin

100.11%

Return on Equity

16.74%

Return on Capital

14.67%

Return on Assets

16.42%

Earnings Yield

19.08%

Dividend Yield

8.62%

Payout Ratio

0.00%

Stock Overview

Market Cap

$694.66MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

27.71M

Volume

40.56K

Avg. Volume

69.31K

Financials (TTM)

Gross Profit

$123.89M

Operating Income

$238.09M

EBITDA

$238.09M

Operating Cash Flow

$155.84M

Capital Expenditure

$0.00

Free Cash Flow

$155.84M

Cash & ST Invst.

$60.38M

Total Debt

$0.00

Virtus Equity & Convertible Income Fund Performance Analysis

Virtus Equity & Convertible Income Fund annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-01-31USD 15,883,000-91.3%
20242024-01-31USD 27,439,00072.8%
20252025-01-31USD 94,257,000243.5%
20262026-01-31USD 86,783,000-7.9%
Virtus Equity & Convertible Income Fund sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-01-3132.2%
Q22025-07-31-42.4%
Q42026-01-3180.6%
Q22026-07-3136.9%
Virtus Equity & Convertible Income Fund annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-01-31USD -3.91N/A
20242024-01-31USD 3.38N/A
20252025-01-31USD 4.7039.0%
20262026-01-31USD 4.13-12.3%
Virtus Equity & Convertible Income Fund sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-01-3114.6%
Q22025-07-31-48.2%
Q42026-01-31117.7%
Q22026-07-31-31.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$76.46M

+88.4%

Gross Profit

$72.06M

N/A

Gross Margin

94.24%

N/A

Market Cap

$694.66MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

$54.15M

-10.8%

EBITDA

$54.15M

-10.8%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$60.38M

+170.7%

Total Debt

$0.00

N/A

Accounts Receivable

$4.49M

+70.6%

Inventory

$0.00

N/A

Long Term Debt

$0.00

N/A

Short Term Debt

$0.00

N/A

Return on Assets

16.42%

N/A

Return on Invested Capital

16.42%

N/A

Free Cash Flow

$70.58M

+652.4%

Operating Cash Flow

$70.58M

+652.4%

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Questions About NIE

What is the current price of Virtus Equity & Convertible Income Fund?

Virtus Equity & Convertible Income Fund is trading at $25.04 per share.

What is the 52-week range for Virtus Equity & Convertible Income Fund?

Over the past 52 weeks, Virtus Equity & Convertible Income Fund has traded between $22.78 and $27.24.

How much debt does Virtus Equity & Convertible Income Fund have?

As of the most recent reporting period, Virtus Equity & Convertible Income Fund reported total debt of $0.00.

How much cash does Virtus Equity & Convertible Income Fund have on hand?

Virtus Equity & Convertible Income Fund reported $46.85M in cash and cash equivalents in its most recent financial results.

What is Virtus Equity & Convertible Income Fund’s dividend yield?

Virtus Equity & Convertible Income Fund currently has a dividend yield of 8.62%.

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