Equities

abrdn Income Credit Strategies Fund

abrdn Income Credit Strategies Fund

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  • Price (USD)6.62
  • Today's Change0.045 / 0.68%
  • Shares traded196.73k
  • 1 Year change+0.23%
  • Beta0.9770
Data delayed at least 15 minutes, as of Apr 23 2024 16:53 BST.
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About the company

abrdn Income Credit Strategies Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income with a secondary objective of capital appreciation. The Fund seeks to achieve its investment objectives by opportunistically investing primarily in loan and debt instruments (and loan-related or debt-related instruments, including repurchase and reverse repurchase agreements and derivative instruments) of issuers that operate in a variety of industries and geographic regions. The Fund’s investment manager is abrdn Investments Limited.

  • Revenue in USD (TTM)--
  • Net income in USD--
  • Incorporated2010
  • Employees--
  • Location
    abrdn Income Credit Strategies Fund1900 Market Street, Suite 200PHILADELPHIA 19103United StatesUSA
  • Phone+1 (215) 405-5700
  • Fax+1 (302) 655-5049
  • Websitehttps://www.abrdnacp.com/
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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 New York Quality Muncpl Incm Fund-100.00bn-100.00bn328.88m--------------------------------------------------------------
Inflection Point Acquisition Corp II0.006.75m329.06m--50.341.34----0.20920.20920.007.87----------------------------0.00--------------
RiverNorth Flexible Mncpl Inm Fnd II Inc25.31m23.99m332.65m--13.860.8857--13.140.98530.98531.0415.420.0407--7.37--3.85--3.90--29.83--94.80------0.3891--20.12--116.72------
Putnam Premier Income Trust25.13m18.03m335.77m0.0018.530.9001--13.360.18730.18730.26223.860.0298--0.2493--2.14-0.07713.40-0.110187.8385.7671.73-2.64--6.220.00--1.28-7.53104.67-51.59--0.1287
Stellus Capital Investment Corp105.85m17.53m337.28m0.0017.821.05--3.190.78470.78474.8113.260.1172--181.26--1.942.981.973.0445.7345.4116.5631.16--1.760.6428111.7040.9214.7220.99-7.72----
Abrdn Life Sciences Investors3.50m22.35m340.49m--14.910.8659--97.320.87120.87120.130615.000.0086--1.23--5.471.545.591.56-35.89-68.31638.85238.14----0.00514.0115.8911.99121.37-4.85----
abrdn Income Credit Strategies Fund-100.00bn-100.00bn342.36m--------------------------------------------------------------
Source Capital Inc19.56m53.64m343.17m0.006.370.9474--17.546.536.532.3843.910.0559--6.16--15.318.3915.438.5285.1977.71274.21242.66----0.0066.8249.0918.97298.03----20.76
Grayscale Digital Large Cap Fund LLC0.00215.03m345.12m--1.600.9233----13.5513.550.0023.560.00------80.76--80.76--------------0.00------150.82------
Eaton Vance Floating-Rate Income Trust-100.00bn-100.00bn347.69m0.00------------------------------------------------------------
Net Lease Office Properties174.97m-131.75m350.26m----0.5116--2.00-8.98-8.9811.9646.30----------------78.37---75.28----0.94030.443--12.00---934.95------
John Hancock Preferred Income Fund II-100.00bn-100.00bn354.37m--------------------------------------------------------------
Western Asst High Incm Opprtnty Fnd Inc.-100.00bn-100.00bn354.72m--------------------------------------------------------------
Duff & Phelps Utlty and Infrstct Fnd Inc16.64m-38.40m357.76m----0.9432--21.50-1.01-1.010.43599.930.0276--9.64---6.381.57-6.411.57-7.1522.50-230.7458.59---0.04230.2966455.99-4.24-8.38-204.11-----2.09
Data as of Apr 23 2024. Currency figures normalised to abrdn Income Credit Strategies Fund's reporting currency: US Dollar USD

Institutional shareholders

10.23%Per cent of shares held by top holders
HolderShares% Held
Sit Investment Associates, Inc.as of 31 Dec 20231.85m3.55%
Guggenheim Partners Investment Management LLCas of 31 Dec 2023692.49k1.33%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023678.81k1.30%
Parametric Portfolio Associates LLCas of 31 Dec 2023430.41k0.83%
LPL Financial LLCas of 31 Dec 2023349.28k0.67%
Capital Investment Advisors LLCas of 31 Mar 2024321.40k0.62%
Clough Capital Partners LPas of 31 Dec 2023299.58k0.58%
Landscape Capital Management LLCas of 31 Dec 2023247.35k0.48%
Shaker Financial Services LLCas of 31 Dec 2023241.24k0.46%
The Quarry LPas of 31 Dec 2023219.31k0.42%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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