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About the company
Tri-Continental Corporation (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to produce future growth of both capital and income while providing reasonable current income. It invests primarily for the longer term and has no charter restrictions with respect to its investments. With respect to the Fund's investments, assets may be held in cash or invested in all types of securities, that is, in common stocks, bonds, convertible bonds, debentures, notes, preferred and convertible preferred stocks, rights, and other securities or instruments. It may invest in debt/fixed income instruments and convertible securities that, at the time of purchase, are rated below investment grade or are unrated but determined to be of comparable quality. The Fund may invest in derivatives, such as futures contracts (including equity futures and index futures), to equitize cash. The Fund's manager is Columbia Management Investment Advisers, LLC.
- Revenue in USD (TTM)67.10m
- Net income in USD253.08m
- Incorporated1929
- Employees--
- LocationTri-Continental Corporation290 Congress StreetBOSTON 02210United StatesUSA
- Phone+1 (612) 671-4321
- Websitehttps://www.columbiathreadneedleus.com/investment-products/closed-end-funds/Tri-Continental-Corporation/Class-None/details/?cusip=895436103
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nuveen California Quality Muncpl IncmFnd | 135.13m | 153.28m | 1.65bn | -- | 10.73 | 0.8913 | -- | 12.18 | 1.06 | 1.06 | 0.9337 | 12.76 | 0.0441 | -- | 2.48 | -- | 5.00 | 0.7119 | 5.04 | 0.717 | 46.06 | 63.73 | 113.43 | 18.17 | -- | -- | 0.4001 | 350.92 | 3.57 | -2.03 | 138.82 | 11.79 | -- | -7.30 |
| Blackrock Enhanced Equity Dividend Trust | 49.09m | 191.73m | 1.65bn | 0.00 | 8.59 | 0.9691 | -- | 33.56 | 1.03 | 1.03 | 0.264 | 9.13 | 0.0285 | -- | 92.65 | -- | 11.15 | -- | 11.31 | -- | 72.98 | -- | 390.58 | -- | -- | -- | 0.0001 | -- | 7.01 | -- | 306.31 | -- | -- | -- |
| Eaton Vance Tax-Mngd Buy-Wrt Opport Fund | 20.94m | 255.42m | 1.66bn | -- | 6.49 | 0.9963 | -- | 79.17 | 2.19 | 2.19 | 0.1794 | 14.25 | 0.0128 | -- | 6.06 | -- | 15.66 | 7.97 | 15.73 | 7.99 | 22.66 | 29.08 | 1,219.75 | 561.99 | -- | -- | 0.00 | 92.69 | -2.15 | 4.07 | 186.61 | -- | -- | -3.06 |
| Virtus Investment Partners Inc | 888.04m | 119.29m | 1.68bn | 824.00 | 14.55 | 1.89 | 7.58 | 1.89 | 16.45 | 16.45 | 122.38 | 126.71 | 0.2411 | -- | 8.10 | 1,077,721.00 | 4.11 | 4.13 | 4.61 | 4.61 | -- | -- | 17.06 | 18.99 | -- | -- | 0.6873 | 29.21 | -4.64 | 8.89 | 11.13 | 14.22 | -5.52 | 28.84 |
| BlackRock Capital Allocation Term Trust | 81.13m | 208.42m | 1.72bn | -- | 8.25 | 0.911 | -- | 21.23 | 1.94 | 1.94 | 0.7573 | 17.60 | 0.0387 | -- | 7.08 | -- | 9.95 | -- | 11.00 | -- | 71.44 | -- | 256.90 | -- | -- | -- | 0.00 | -- | -3.48 | -- | 163.48 | -- | -- | -- |
| BlackRock ESG Capital Allocatin Trm Trst | 61.68m | 260.77m | 1.74bn | -- | 6.52 | 0.9075 | -- | 28.13 | 2.61 | 2.61 | 0.6244 | 18.76 | 0.0303 | -- | 25.54 | -- | 12.79 | -- | 13.83 | -- | 62.50 | -- | 422.80 | -- | -- | -- | 0.0035 | -- | 38.89 | -- | 194.26 | -- | -- | -- |
| Compass Diversified Holdings | 2.07bn | -155.52m | 1.74bn | 4.39k | -- | 1.92 | 24.31 | 0.8403 | -2.10 | 0.6823 | 27.73 | 16.35 | 0.5333 | 1.30 | 5.44 | 471,650.40 | -1.01 | -0.5496 | -1.21 | -0.6476 | 45.35 | 39.15 | -1.90 | -0.9424 | 1.62 | 0.3155 | 0.5418 | -- | 2.48 | 8.69 | -220.52 | -- | 2.08 | -7.03 |
| BlackRock Innovation and Growth Trm Trst | 5.84m | -65.77m | 1.74bn | -- | -- | 0.9186 | -- | 298.63 | -0.2935 | -0.2935 | 0.0262 | 8.46 | 0.0028 | -- | 8.49 | -- | -3.19 | -- | -3.23 | -- | -336.63 | -- | -1,126.40 | -- | -- | -0.5447 | 0.0135 | -- | 26.47 | -- | 112.77 | -- | -- | -- |
| Tri-Continental Corp | 67.10m | 253.08m | 1.75bn | -- | 7.01 | 1.03 | -- | 26.08 | 4.82 | 4.82 | 1.28 | 33.37 | 0.0398 | -- | 4.85 | -- | 15.02 | 10.67 | 15.05 | 10.69 | 89.62 | 88.89 | 377.16 | 287.45 | -- | -- | 0.00 | 65.97 | -1.63 | 1.83 | 186.61 | -- | -- | -2.37 |
| Wisdomtree Inc | 407.88m | 46.76m | 1.75bn | 314.00 | 42.14 | 4.68 | 29.20 | 4.30 | 0.2848 | 0.2848 | 2.57 | 2.57 | 0.4138 | -- | 10.06 | 1,346,152.00 | 5.93 | 3.24 | 6.53 | 3.59 | -- | -- | 14.33 | 10.67 | -- | 10.51 | 0.5958 | 70.99 | 15.83 | 4.95 | 111.39 | 21.01 | 99.82 | -5.59 |
| Umbra Companies Inc | 0.00 | -470.21k | 1.77bn | 0.00 | -- | 1.74 | -- | -- | -0.9752 | -0.9752 | 0.00 | 2.03 | 0.00 | -- | -- | -- | -28.19 | -105.74 | -35.72 | -132.77 | -- | -- | -- | -- | -- | -13.36 | 0.1835 | -- | -- | -- | -5,222.31 | -- | -- | -- |
| Oxford Lane Capital Corp | 356.74m | 185.45m | 1.80bn | -- | 8.18 | 1.09 | -- | 5.05 | 0.637 | 0.637 | 1.17 | 4.76 | 0.1913 | -- | 13.83 | -- | 9.95 | 3.51 | 10.29 | 3.85 | 64.82 | 63.13 | 51.99 | 18.52 | -- | 5.96 | 0.2455 | 327.20 | 16.98 | 27.97 | 237.26 | -- | -- | -- |
| Cohen & Steers Qlty Inc Realty Fund Inc | 92.42m | 109.76m | 1.81bn | -- | 16.47 | 1.08 | -- | 19.56 | 0.8165 | 0.8165 | 0.6875 | 12.48 | 0.0384 | -- | 5.82 | -- | 4.56 | -- | 4.58 | -- | 30.63 | -- | 118.77 | -- | -- | -- | 0.2974 | -- | 9.08 | -- | 136.40 | -- | -- | -- |
| Nuveen Municipal Value Fund Inc | 83.23m | 48.97m | 1.81bn | -- | 37.00 | 0.9458 | -- | 21.77 | 0.2359 | 0.2359 | 0.401 | 9.23 | 0.0422 | -- | 1.78 | -- | 2.48 | -0.1999 | 2.51 | -0.2013 | 98.83 | 99.21 | 58.84 | -5.00 | -- | 3.05 | 0.0213 | -- | 4.83 | -1.74 | 117.48 | -6.88 | -- | -2.85 |
| Patria Investments Ltd | 328.66m | 64.29m | 1.87bn | 430.00 | 28.76 | 3.84 | 21.09 | 5.69 | 0.428 | 0.428 | 2.17 | 3.20 | 0.2916 | -- | 2.81 | 764,320.90 | 6.16 | 18.16 | 9.20 | 25.53 | 52.47 | 59.11 | 21.12 | 43.13 | -- | 12.51 | 0.2485 | -- | 26.31 | 25.53 | 27.37 | 22.08 | 36.84 | -- |
| Royce Small-Cap Trust Inc | 22.92m | 227.88m | 1.87bn | 50.00 | 8.22 | 0.9812 | -- | 81.70 | 1.98 | 1.98 | 0.1987 | 16.54 | 0.0122 | -- | 3.37 | -- | 12.17 | 10.20 | 12.22 | 10.23 | -5.75 | 25.41 | 994.46 | 782.20 | -- | -- | 0.018 | 66.54 | -6.08 | -2.85 | 171.57 | -- | -- | -1.04 |
Data as of Nov 22 2024. Currency figures normalised to Tri-Continental Corporation's reporting currency: US Dollar USD
6.10%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 2024 | 530.10k | 0.99% |
| Lazard Asset Management LLCas of 30 Sep 2024 | 449.81k | 0.84% |
| Allspring Global Investments LLCas of 30 Sep 2024 | 441.73k | 0.82% |
| Blue Bell Private Wealth Management LLCas of 30 Sep 2024 | 412.57k | 0.77% |
| Bard Financial Services, Inc.as of 30 Sep 2024 | 297.71k | 0.56% |
| UBS Financial Services, Inc.as of 30 Sep 2024 | 246.00k | 0.46% |
| Relative Value Partners Group LLCas of 31 Mar 2024 | 236.14k | 0.44% |
| Kovitz Investment Group Partners LLCas of 30 Sep 2024 | 226.09k | 0.42% |
| HTLF Bank (Wealth Management)as of 30 Sep 2024 | 223.71k | 0.42% |
| Raymond James & Associates, Inc. (Invt Mgmt)as of 30 Sep 2024 | 206.44k | 0.39% |
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Data from 31 Mar 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
