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Nuveen Floating Rate Income Opportunity Fund (JRO)

8.4   0.05 (0.6%) 09-20 01:23
Open: 8.36 Pre. Close: 8.35
High: 8.4 Low: 8.33
Volume: 157,699 Market Cap: 341M
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund's investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans. The Fund invests approximately 65% of its managed assets in adjustable rate senior loans that are secured by specific collateral. The Fund's portfolio consists of various sectors, including media; software; pharmaceuticals; diversified telecommunication services; diversified consumer services; food products; wireless telecommunication services; technology hardware, storage and peripherals; healthcare equipment and supplies; aerospace and defense and professional services. The Fund's investment advisor is Nuveen Fund Advisors, LLC.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 8.418 - 8.459 8.459 - 8.494
Low: 8.251 - 8.299 8.299 - 8.34
Close: 8.289 - 8.362 8.362 - 8.426

Technical analysis

as of: 2020-09-18 4:32:40 PM
Overall:       
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 9.85     One year: 11.50
Support: Support1: 8.22    Support2: 8.09
Resistance: Resistance1: 8.43    Resistance2: 9.85
Pivot: 8.25
Moving Average: MA(5): 8.34     MA(20): 8.22
MA(100): 7.90     MA(250): 8.65
MACD: MACD(12,26): 0.08     Signal(9): 0.07
Stochastic oscillator: %K(14,3): 74.79     %D(3): 75.50
RSI: RSI(14): 70.25
52-week: High: 10.19  Low: 5.33  Change(%): -12.8
Average Vol(K): 3-Month: 22800  10-Days: 28984

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.
JRO has closed below upper band by 15.1%. Bollinger Bands are 19.4% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

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

Thu, 27 Aug 2020
Form N-PX Cohen & Steers Closed-En For: Jun 30 - StreetInsider.com

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

Tue, 02 Jun 2020
An Assessment Of Nuveen CEFs' Fundamental Health - Seeking Alpha

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

Mon, 11 May 2020
Fitch Places 4 Nuveen Closed-End Funds' 'AA' Preferred Shares Ratings on Rating Watch Negative - Fitch Ratings

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
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) 41
Shares Float (M)
% Held by Insiders 0.02
% Held by Institutions 44.67
Shares Short (K) 37
Shares Short P. Month (K) 21

Stock Financials

EPS 0.760
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 10.860
Profit Margin 73.10
Operating Margin 85.62
Return on Assets (ttm) 3.1
Return on Equity (ttm) 7.0
Qtrly Rev. Growth -5.8
Gross Profit (p.s.) 1.072
Sales Per Share 1.040
EBITDA (p.s.)
Qtrly Earnings Growth
Operating Cash Flow (M) 32
Levered Free Cash Flow (M) 39

Stock Valuations

PE Ratio 11.00
PEG Ratio
Price to Book value 0.77
Price to Sales 8.04
Price to Cash Flow 10.48

Stock Dividends

Dividend 0.740
Forward Dividend 0.540
Dividend Yield 0.09
Dividend Pay Date 2019-01-31
Ex-Dividend Date 2020-08-12
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