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Nuveen Floating Rate Income Fund (JFR)

8.44   0.02 (0.24%) 09-20 20:25
Open: 8.44 Pre. Close: 8.42
High: 8.45 Low: 8.41
Volume: 997,300 Market Cap: 480M
Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. The Fund's investment objective is to achieve a high level of current income. It invests approximately 80% of managed assets in adjustable rate loans, primarily secured senior loans. The Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans. The Fund invests over 65% of its managed assets in adjustable rate senior loans that are secured by specific collateral. The Fund may invest a substantial portion of its managed assets in senior loans and other debt instruments that are, at the time of investment, rated below investment grade or are unrated but judged to be of comparable quality by Symphony Asset Management LLC (Symphony). Its investment portfolio includes Media; Software; Health Care Providers and Services, and Food and Staples Retailing. Nuveen Fund Advisors, LLC is the investment advisor of the Fund. Symphony is the sub-advisor of the Fund.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 8.456 - 8.496 8.496 - 8.534
Low: 8.305 - 8.352 8.352 - 8.397
Close: 8.364 - 8.437 8.437 - 8.505

Technical analysis

as of: 2020-09-18 4:32:33 PM
Overall:       
Stoxline posted a NEUTRAL today, upgraded from lower rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 9.89     One year: 11.55
Support: Support1: 8.25    Support2: 8.12
Resistance: Resistance1: 8.47    Resistance2: 9.89
Pivot: 8.37
Moving Average: MA(5): 8.43     MA(20): 8.34
MA(100): 7.96     MA(250): 8.72
MACD: MACD(12,26): 0.08     Signal(9): 0.08
Stochastic oscillator: %K(14,3): 88.71     %D(3): 90.03
RSI: RSI(14): 70.32
52-week: High: 10.37  Low: 4.73  Change(%): -13.0
Average Vol(K): 3-Month: 33733  10-Days: 44098

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
JFR has closed below upper band by 21.0%. Bollinger Bands are 32.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Fri, 11 Sep 2020
Sep 11, 2020 - Saba Capital Management, LP Buys Pioneer Floating Rate Trust, Eaton Vance Floating-rate Income Trust, Templeton Global Income Fund, Sells BlackRock Multi-Sector Income Trust, First Trust High Income Long/Short Fund, Nuveen New York AMT-Free Quality Muni - GuruFocus.com

Fri, 11 Sep 2020
Nuveen Floating Rate Income Fund (JFR) Ex-Dividend Date Scheduled for September 14, 2020 - Nasdaq

Thu, 10 Sep 2020
Nuveen Floating Rate Income Fund (JFR) Stock: What Does the Chart Say? - InvestorsObserver

Wed, 02 Sep 2020
Nuveen Floating Rate Income Opportunity Fund -- Moody's confirms the ratings of preferred shares issued by 12 senior loan closed-end funds - Yahoo Finance

Mon, 17 Aug 2020
Nuveen Announces Update to Closed-End Fund Portfolio Management Teams - Business Wire

Mon, 01 Jun 2020
Jun 01, 2020 - Saba Capital Management, LP Buys Voya Prime Rate Trust, Nuveen Floating Rate Income Fund, Blackstone / GSO Strategic Credit Fund, Sells Blackrock Credit Allocation Income Trust, Eaton Vance Floating-rate Income Trust, Community Health Systems Inc - GuruFocus.com

Financial Analysis

Growth n/a
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability n/a
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency n/a
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency n/a
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Neutral Discounted cash flow: Neutral
Return on Assets: Neutral Price to Earnings: Neutral
Return on Equity: Neutral Debt to Equity: Neutral
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Asset Management
Shares Out. (M) 57
Shares Float (M)
% Held by Insiders 0.05
% Held by Institutions 36.75
Shares Short (K) 169
Shares Short P. Month (K) 34

Stock Financials

EPS 0.780
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 10.960
Profit Margin 75.11
Operating Margin 85.65
Return on Assets (ttm) 3.0
Return on Equity (ttm) 7.2
Qtrly Rev. Growth -6.6
Gross Profit (p.s.) 1.078
Sales Per Share 1.042
EBITDA (p.s.)
Qtrly Earnings Growth
Operating Cash Flow (M) 44
Levered Free Cash Flow (M) 57

Stock Valuations

PE Ratio 10.82
PEG Ratio
Price to Book value 0.77
Price to Sales 8.10
Price to Cash Flow 10.88

Stock Dividends

Dividend 0.740
Forward Dividend 0.550
Dividend Yield 0.09
Dividend Pay Date 2019-01-31
Ex-Dividend Date 2020-08-12
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