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FGB

First Trust Specialty Finance and Financial Opportunities FundNYSE:FGB Stock Report

Last Price

US$4.09

Market Cap

US$59.8m

7D

-1.7%

1Y

21.7%

Updated

19 Jan, 2022

Data

Company Financials
FGB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

FGB Stock Overview

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P.

Price History & Performance

Summary of all time highs, changes and price drops for First Trust Specialty Finance and Financial Opportunities Fund
Historical stock prices
Current Share PriceUS$4.09
52 Week HighUS$4.39
52 Week LowUS$3.29
Beta0
1 Month Change6.79%
3 Month Change-2.85%
1 Year Change21.73%
3 Year Change-29.73%
5 Year Change-48.22%
Change since IPO-79.55%

Recent News & Updates

Dec 27

FGB: Discount Indicates A Good Buying Opportunity

FGB is a fund that we've successfully traded in the past; now that it is back at a discount, it looks appealing once again. The fund is a bit of a fund of funds approach, but instead of other ETFs or CEFs, it invests in a basket of BDCs. Business development companies are another appealing choice for income investors as they traditionally pay higher yields.

Sep 22

FGB: Discounted BDC Exposure With An 8.33% Distribution Yield

The current discount for FGB is quite appealing, this fund had regularly traded at premiums before 2020. The fund's distribution rate comes to 8.33%, but had been cut twice over the last couple of years. This is a more aggressive play as the BDC space can be quite volatile, then FGB adds a bit more volatility on top of that.

Jun 19

Evaluating CEFs: FGB Is Not A Replacement For BIZD

FGB has an attractive yield near 8% if it can sustain the distribution. I continue my series on CEFs where I look beyond the yield. If FGB can continue to perform as it has over the last year, it should be able to sustain the distribution. Even for income investors, the ETF BIZD is the better choice.

Shareholder Returns

FGBUS Capital MarketsUS Market
7D-1.7%-5.5%-4.6%
1Y21.7%24.6%7.7%

Return vs Industry: FGB underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: FGB exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is FGB's price volatile compared to industry and market?
FGB volatility
FGB Average Weekly Movement2.5%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: FGB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: FGB's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/an/ahttps://www.ftportfolios.com/Retail/Cef/CefSummary.aspx?Ticker=FGB

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States.

First Trust Specialty Finance and Financial Opportunities Fund Fundamentals Summary

How do First Trust Specialty Finance and Financial Opportunities Fund's earnings and revenue compare to its market cap?
FGB fundamental statistics
Market CapUS$59.77m
Earnings (TTM)US$0
Revenue (TTM)n/a

n/a

P/E Ratio

n/a

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGB income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$0
EarningsUS$0

Last Reported Earnings

n/a

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did FGB perform over the long term?

See historical performance and comparison

Valuation

Is First Trust Specialty Finance and Financial Opportunities Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether First Trust Specialty Finance and Financial Opportunities Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as First Trust Specialty Finance and Financial Opportunities Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is First Trust Specialty Finance and Financial Opportunities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Trust Specialty Finance and Financial Opportunities Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has First Trust Specialty Finance and Financial Opportunities Fund performed over the past 5 years?

20.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, First Trust Specialty Finance and Financial Opportunities Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is First Trust Specialty Finance and Financial Opportunities Fund's financial position?


In this section we usually analyse First Trust Specialty Finance and Financial Opportunities Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. First Trust Specialty Finance and Financial Opportunities Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is First Trust Specialty Finance and Financial Opportunities Fund current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FGB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FGB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FGB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FGB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FGB's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

18.0yrs

Average board tenure


CEO

First Trust Specialty Finance and Financial Opportunities Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: FGB's board of directors are seasoned and experienced ( 18 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FGB insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Trust Specialty Finance and Financial Opportunities Fund's employee growth, exchange listings and data sources


Key Information


Location

  • First Trust Specialty Finance and Financial Opportunities Fund
  • 120 East Liberty Drive
  • Suite 400
  • Wheaton
  • Illinois
  • 60187
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:44
End of Day Share Price2022/01/19 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.