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JRO

Nuveen Floating Rate Income Opportunity FundNYSE:JRO Stock Report

Last Price

US$10.34

Market Cap

US$419.2m

7D

1.3%

1Y

13.4%

Updated

16 Jan, 2022

Data

Company Financials
JRO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health1/6
Dividends3/6

JRO Stock Overview

Nuveen Floating Rate Income Opportunity Fund is a closed-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 Opportunity Fund
Historical stock prices
Current Share PriceUS$10.34
52 Week HighUS$10.48
52 Week LowUS$9.07
Beta0.56
1 Month Change3.61%
3 Month Change3.19%
1 Year Change13.38%
3 Year Change7.93%
5 Year Change-14.06%
Change since IPO-31.07%

Recent News & Updates

Sep 25

JRO - 6.95% Yield From This Nuveen Loan Fund

JRO is a closed end fund investing in senior floating rate loans. The fund has historically robust Sharpe and standard deviation metrics but utilizes significant leverage. Although it has a negligible duration, the fund has treaded water from a total return perspective during the years when the 2-year treasury yield has gone up.

Feb 04

Nuveen Floating Rate Income Opportunity Fund declares $0.0475 dividend

Nuveen Floating Rate Income Opportunity Fund (JRO) declares $0.0475/share monthly dividend, in line with previous.Forward yield 6.12%Payable March 1; for shareholders of record Feb. 12; ex-div Feb. 11.See JRO Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Floating Rate Income Opportunity Fund declares $0.0475 dividend

Nuveen Floating Rate Income Opportunity Fund (JRO) declares $0.0475/share monthly dividend, in line with previous.Forward yield 6.57%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See JRO Dividend Scorecard, Yield Chart, & Dividend Growth.

Dec 02

Nuveen Floating Rate Income Opportunity Fund declares $0.0475 dividend

Nuveen Floating Rate Income Opportunity Fund (JRO) declares $0.0475/share monthly dividend, in line with previous.Forward yield 6.64%Payable Dec. 31; for shareholders of record Dec. 15; ex-div Dec. 14.See JRO Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

JROUS Capital MarketsUS Market
7D1.3%-1.6%-0.5%
1Y13.4%30.2%13.7%

Return vs Industry: JRO underperformed the US Capital Markets industry which returned 30.2% over the past year.

Return vs Market: JRO matched the US Market which returned 13.7% over the past year.

Price Volatility

Is JRO's price volatile compared to industry and market?
JRO volatility
JRO Average Weekly Movement1.1%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: JRO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: JRO'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=JRO

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

Nuveen Floating Rate Income Opportunity Fund Fundamentals Summary

How do Nuveen Floating Rate Income Opportunity Fund's earnings and revenue compare to its market cap?
JRO fundamental statistics
Market CapUS$419.20m
Earnings (TTM)US$63.83m
Revenue (TTM)US$30.52m

6.6x

P/E Ratio

13.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JRO income statement (TTM)
RevenueUS$30.52m
Cost of RevenueUS$0
Gross ProfitUS$30.52m
Expenses-US$33.31m
EarningsUS$63.83m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.57
Gross Margin100.00%
Net Profit Margin209.11%
Debt/Equity Ratio58.2%

How did JRO 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 Opportunity Fund undervalued compared to its fair value and its price relative to the market?

6.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate JRO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate JRO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: JRO is good value based on its PE Ratio (6.6x) compared to the US Capital Markets industry average (15.9x).

PE vs Market: JRO is good value based on its PE Ratio (6.6x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: JRO is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.4x).

Future Growth

How is Nuveen Floating Rate Income Opportunity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.7%

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 Opportunity 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 Opportunity Fund performed over the past 5 years?

-26.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JRO has a large one-off gain of $42.1M impacting its July 31 2021 financial results.

Growing Profit Margin: JRO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JRO's earnings have declined by 26.7% per year over the past 5 years.

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

Earnings vs Industry: JRO 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: JRO's Return on Equity (15.3%) is considered low.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: JRO's short term assets ($36.8M) do not cover its short term liabilities ($47.5M).

Long Term Liabilities: JRO's short term assets ($36.8M) do not cover its long term liabilities ($242.3M).


Debt to Equity History and Analysis

Debt Level: JRO's net debt to equity ratio (57.9%) is considered high.

Reducing Debt: JRO's debt to equity ratio has increased from 55.5% to 58.2% over the past 5 years.

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

Interest Coverage: JRO's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet

Dividend

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

6.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JRO's dividend (6.58%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: JRO's dividend (6.58%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: JRO's dividend payments have been volatile in the past 10 years.

Growing Dividend: JRO's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), JRO'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 Opportunity Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: JRO'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 Opportunity Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Floating Rate Income Opportunity 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 Analysis2022/01/16 23:15
End of Day Share Price2022/01/14 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.