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JFR

Nuveen Floating Rate Income FundNYSE:JFR Stock Report

Last Price

US$10.38

Market Cap

US$590.8m

7D

-0.2%

1Y

12.2%

Updated

19 Jan, 2022

Data

Company Financials
JFR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends5/6

JFR Stock Overview

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Floating Rate Income Fund
Historical stock prices
Current Share PriceUS$10.38
52 Week HighUS$10.49
52 Week LowUS$9.13
Beta0.57
1 Month Change4.22%
3 Month Change1.97%
1 Year Change12.22%
3 Year Change8.35%
5 Year Change-13.50%
Change since IPO-30.98%

Recent News & Updates

Oct 03

JFR - Leveraged Loan CEF, 6.9% Yield

Closed-end fund that invests in the leveraged loan asset class. The fund has a 0.40 Sharpe ratio and 10.46 standard deviation vs 0.56 Sharpe and 3.31 standard deviation for the Bloomberg US Aggregate Bond Index. The fund has a very low duration of 0.21, which makes it fairly immune to a rising interest rate environment.

Feb 04

Nuveen Floating Rate Income Fund declares $0.0485 dividend

Nuveen Floating Rate Income Fund (JFR) declares $0.0485/share monthly dividend, in line with previous.Forward yield 6.21%Payable March 1; for shareholders of record Feb. 12; ex-div Feb. 11.See JFR Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Floating Rate Income Fund declares $0.0485 dividend

Nuveen Floating Rate Income Fund (JFR) declares $0.0485/share monthly dividend, in line with previous.Forward yield 6.62%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See JFR Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 12

The Nuveen Floating Rate Income Fund Trades At An Attractive 11% Discount With A Fresh Team At The Helm

Over the past months, I've written up quite a few closed-end funds. When these funds are trading at a deep discount to net asset value, they can make for interesting special situations. Sure, it is common for these vehicles to trade at a sizeable discount. But if you dig in and look widely enough, you're bound to come across one where it is hard to justify the magnitude of the discount to the net assets.

Dec 02

Nuveen Floating Rate Income Fund declares $0.0485 dividend

Nuveen Floating Rate Income Fund (JFR) declares $0.0485/share monthly dividend, in line with previous.Forward yield 6.69%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See JFR Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

JFRUS Capital MarketsUS Market
7D-0.2%-5.5%-4.6%
1Y12.2%24.6%7.7%

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

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

Price Volatility

Is JFR's price volatile compared to industry and market?
JFR volatility
JFR Average Weekly Movement1.2%
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: JFR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: JFR's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JFR&refsrc=vu_nuveen.com/jfr

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.

Nuveen Floating Rate Income Fund Fundamentals Summary

How do Nuveen Floating Rate Income Fund's earnings and revenue compare to its market cap?
JFR fundamental statistics
Market CapUS$590.81m
Earnings (TTM)US$90.15m
Revenue (TTM)US$43.41m

6.6x

P/E Ratio

13.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JFR income statement (TTM)
RevenueUS$43.41m
Cost of RevenueUS$0
Gross ProfitUS$43.41m
Expenses-US$46.75m
EarningsUS$90.15m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.58
Gross Margin100.00%
Net Profit Margin207.69%
Debt/Equity Ratio40.8%

How did JFR perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

39%

Payout Ratio

Valuation

Is Nuveen Floating Rate Income Fund undervalued compared to its fair value and its price relative to the market?

6.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JFR ($10.38) is trading above our estimate of fair value ($0.08)

Significantly Below Fair Value: JFR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JFR is good value based on its PE Ratio (6.6x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: JFR is good value based on its PE Ratio (6.6x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JFR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JFR is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Nuveen Floating Rate Income 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 Nuveen Floating Rate Income 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 Nuveen Floating Rate Income Fund performed over the past 5 years?

-26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JFR has a large one-off gain of $59.3M impacting its July 31 2021 financial results.

Growing Profit Margin: JFR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JFR's earnings have declined by 26.8% per year over the past 5 years.

Accelerating Growth: JFR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: JFR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: JFR's Return on Equity (15.3%) is considered low.

Financial Health

How is Nuveen Floating Rate Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: JFR's short term assets ($39.5M) do not cover its short term liabilities ($66.5M).

Long Term Liabilities: JFR's short term assets ($39.5M) do not cover its long term liabilities ($339.8M).


Debt to Equity History and Analysis

Debt Level: JFR's net debt to equity ratio (40.7%) is considered high.

Reducing Debt: JFR's debt to equity ratio has reduced from 55.6% to 40.8% over the past 5 years.

Debt Coverage: JFR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: JFR's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet

Dividend

What is Nuveen Floating Rate Income Fund current dividend yield, its reliability and sustainability?

6.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JFR's dividend (6.61%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: JFR's dividend (6.61%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: JFR's dividends per share have been stable in the past 10 years.

Growing Dividend: JFR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), JFR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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

16.0yrs

Average board tenure


CEO

Nuveen Floating Rate Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: JFR's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Nuveen Floating Rate Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Floating Rate Income Fund
  • 333 West Wacker Drive
  • Chicago
  • Illinois
  • 60606
  • 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 23:42
End of Day Share Price2022/01/19 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


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.