The Technical Analyst
Madison Covered Call & [MCN]
Exchange: NYSE Sector: Financial Services Industry: Asset Management
Madison Covered Call & Price, Forecast, Insider, Ratings, Fundamentals & Signals
0.00% $7.18
America/New_York / 8 mai 2024 @ 15:56
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 151.03 mill |
| EPS: | 0.730 |
| P/E: | 9.84 |
| Earnings Date: | Aug 23, 2024 |
| SharesOutstanding: | 21.04 mill |
| Avg Daily Volume: | 0.0495 mill |
| RATING 2024-05-08 |
|---|
| B+ |
| Neutral |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Strong Sell | |
| Return On Equity: | Buy | |
| Return On Asset: | Strong Buy | |
| DE: | Strong Sell | |
| P/E: | Neutral | |
| Price To Book: | Buy |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 3/22 | 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | n/a | n/a | n/a | |||
| Debt | n/a | n/a | n/a | n/a | n/a |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.99x |
| Company: PE 9.84 | sector: PE 9.91 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.49x |
| Company: PE 9.84 | industry: PE 20.04 |
| DISCOUNTED CASH FLOW VALUE |
|---|
|
$-1.827 (-125.45%) $-9.01 |
| Date: 2024-05-09 |
| Expected Trading Range (DAY) |
|---|
|
$ 7.07 - 7.29 ( +/- 1.55%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2023-11-02 | Lefurgey Paul Anthony | Buy | 0 | |
| 2023-11-02 | Friedow Jill M | Buy | 0 | |
| 2021-12-31 | Jones Scott C | Buy | 0 | |
| 2021-12-31 | Imhoff James R Jr | Buy | 0 | |
| 2020-03-06 | Thompson Kevin S | Buy | 0 |
| INSIDER POWER |
|---|
| 0.00 |
| Last 49 transactions |
| Buy: 92 243 | Sell: 41 972 |
Forecast:
16:00 - $7.18
Live Trading Signals (every 1 min)
Forecast
1: 16:00 - $7.18
Forecast 2: 16:00 - $7.18
Forecast 3: 16:00 - $7.18
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | $7.18 (0.00% ) |
| Volume | 0.0317 mill |
| Avg. Vol. | 0.0495 mill |
| % of Avg. Vol | 63.95 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For MCN
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % |
|---|
MCN
Madison Covered Call & Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth (GARP) stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios (price-earnings ratio to growth rate), financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE S&P 500 Buy/Write Index. The fund conducts in-house research to make its investments. It was formerly known as Madison/Claymore Covered Call & Equity Strategy Fund. Madison Covered Call & Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.
Last 10 Buy Signals
Latest Press Releases
2024-03-01 16:30:00 - Press Release
Madison Covered Call And Equity Strategy Fund (mcn) Declares Quarterly Dividend
Madison, wis., march 01, 2024 (globe newswire) -- the madison covered call and equity strategy fund (nyse:mcn) (the “fund”) declares its quarterly dividend of $0.18/share. the dividends will be payable march 28, 2024 to shareholders of record on march 15, 2024. the ex-dividend date will be march 14, 2024. if it is determined that a notification is required pursuant to section 19(a) of the investment company act of 1940, as amended, such notice will be posted to the fund's website after the close of business three business days before the payable date. if a distribution rate is largely comprised of sources other than income, it may not reflect fund performance.
2023-12-05 10:25:00 - Press Release
Madison Covered Call And Equity Strategy Fund (mcn) Declares Quarterly Dividend
Madison, wis., dec. 05, 2023 (globe newswire) -- the madison covered call and equity strategy fund (nyse:mcn) (the “fund”) declares its quarterly dividend of $0.18/share. the dividends will be payable december 29, 2023 to shareholders of record on december 15, 2023. the ex-dividend date will be december 14, 2023. if it is determined that a notification is required pursuant to section 19(a) of the investment company act of 1940, as amended, such notice will be posted to the fund's website after the close of business three business days before the payable date. if a distribution rate is largely comprised of sources other than income, it may not reflect fund performance.
2023-09-06 09:07:00 - Press Release
Madison Investments Unveils Msti, Latest Addition To Actively-managed Etf Suite
Fourth fund in the suite reinforces commitment to dynamic fixed-income solutions fourth fund in the suite reinforces commitment to dynamic fixed-income solutions
2023-09-01 16:30:00 - Press Release
Madison Covered Call And Equity Strategy Fund (mcn) Declares Quarterly Dividend
Madison, wis., sept. 01, 2023 (globe newswire) -- the madison covered call and equity strategy fund (nyse:mcn) (the “fund”) declares its quarterly dividend of $0.18/share. the dividends will be payable september 29, 2023 to shareholders of record on september 15, 2023. the ex-dividend date will be september 14, 2023. if it is determined that a notification is required pursuant to section 19(a) of the investment company act of 1940, as amended, such notice will be posted to the fund's website after the close of business three business days before the payable date. if a distribution rate is largely comprised of sources other than income, it may not reflect fund performance.
2023-08-29 09:00:00 - Press Release
Madison Investments Expands Actively-managed Etf Suite With First Of Two Fixed-income Funds
Madison, wis., aug. 29, 2023 (globe newswire) -- madison investments , an independently-owned investment firm managing $22.9 billion in assets, today announces the launch of the madison aggregate bond etf (nyse: magg), the latest addition to its suite of actively-managed, income-driven exchange-traded funds (etfs).
Latest News
2024-01-12 03:28:15 - Seeking Alpha
MCN: A Fund For Investors Looking To Value And High Yield
Madison Covered Call and Equity Strategy Fund has delivered strong performance compared to the benchmark, despite following a more value-oriented strategy. MCN offers diversification for investors with heavy exposure to stock indexes like the S&P 500 while yielding nearly 10%. The Fund's stable distribution policy and low exposure to the technology sector make it an attractive investment option.
2023-12-19 10:24:05 - Seeking Alpha
MCN: Suitability Depends On Your View Of The Market
The Madison Covered Call and Equity Strategy Fund offers a 9.92% yield, higher than most equity funds. The MCN closed-end fund has slightly underperformed the S&P 500 Index in the past two months but has a higher yield. The MCN fund's covered call options strategy provides income but sacrifices some upside potential in a strong bull market.
2023-10-12 17:55:09 - Seeking Alpha
MCN: This Covered Call Fund Is Getting Much More Attractive
The Madison Covered Call and Equity Strategy Fund offers a high level of income and potential for upside compared to fixed-income funds. The MCN closed-end fund has underperformed the S&P 500 Index over the past two months, but its distribution partially offsets share price declines. The fund employs a strategy of writing covered calls on stocks in its portfolio to generate income, resulting in a higher yield than peer funds.
2023-08-08 11:51:27 - Seeking Alpha
MCN: A Very Good Fund, But The Premium Is Irritating
The rapidly rising cost of living has strained the budgets of many Americans. Wages have not kept up with the rising prices, forcing people to see alternative sources of income to maintain their lifestyles. Madison Covered Call and Equity Strategy Fund offers a high level of current income and gains through a covered call strategy.
2023-03-25 05:11:21 - Seeking Alpha
MCN: Strong Performance, But Premium Persists
MCN has been able to reduce losses relative to the market. This would be thanks to its call-writing strategy plus holding a significant portion of its portfolio in money markets.
2022-12-19 20:07:54 - Seeking Alpha
MCN: A Diamond In The Rough
MCN is an equity buy-write closed-end fund. The CEF has significantly outperformed the S&P 500 Buy-Write Index, which is down almost -12% this year.
2022-12-14 14:28:41 - Seeking Alpha
MCN: Good Strategy But Marred By Overdistributing And Expensive Price
Madison Covered Call & Equity Strategy Fund invests in a diversified portfolio of stocks and writes covered calls against them to generate income. The covered call strategy is one of the best techniques to use in a flat market like the one that we are in today.
2022-11-01 12:51:54 - Seeking Alpha
Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
2022-10-24 12:22:08 - Seeking Alpha
Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
2022-10-07 09:31:24 - Seeking Alpha
Equity CEFs: Why MCN Should Be The Fund At A 69% Premium
You cannot make this stuff up. We're in a bear market, right? Then why is a CEF that has lost -46.1% of its NAV this year trading at a +69% market-price premium? And why is another CEF whose NAV is only down -2.0% YTD trading at a discount when its defensive option strategy is working wonders in this market?