This company has been acquired
Nuveen Floating Rate Income Opportunity Fund (JRO) Stock Overview
Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
JRO Community Fair Values
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Nuveen Floating Rate Income Opportunity Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.88 |
| 52 Week High | US$8.98 |
| 52 Week Low | US$7.45 |
| Beta | 0.61 |
| 1 Month Change | 1.03% |
| 3 Month Change | 1.55% |
| 1 Year Change | -9.22% |
| 3 Year Change | -1.87% |
| 5 Year Change | -23.05% |
| Change since IPO | -47.47% |
Recent News & Updates
JRO: Potential Merger Arbitrage Opportunities
Jun 28Nuveen Floating Rate Income Opportunity Fund declares $0.074 dividend
Feb 07Nuveen Floating Rate Income Opportunity Fund declares $0.074 dividend
Jan 11Nuveen Floating Rate Income Opportunity Fund declares $0.074 dividend
Dec 06Nuveen Floating Rate Income Opportunity Fund increases dividend by 770%
Nov 04Recent updates
Shareholder Returns
| JRO | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.9% | -1.8% | -0.2% |
| 1Y | -9.2% | 20.1% | 20.3% |
Return vs Industry: JRO underperformed the US Capital Markets industry which returned 7.2% over the past year.
Return vs Market: JRO underperformed the US Market which returned 10.4% over the past year.
Price Volatility
| JRO volatility | |
|---|---|
| JRO Average Weekly Movement | 1.5% |
| Capital Markets Industry Average Movement | 3.5% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 17.4% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: JRO has not had significant price volatility in the past 3 months.
Volatility Over Time: JRO's weekly volatility (1%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | n/a | n/a | 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
| JRO fundamental statistics | |
|---|---|
| Market cap | US$319.46m |
| Earnings (TTM) | -US$12.03m |
| Revenue (TTM) | US$41.00m |
Is JRO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JRO income statement (TTM) | |
|---|---|
| Revenue | US$41.00m |
| Cost of Revenue | US$0 |
| Gross Profit | US$41.00m |
| Other Expenses | US$53.04m |
| Earnings | -US$12.03m |
Last Reported Earnings
Jan 31, 2023
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.30 |
| Gross Margin | 100.00% |
| Net Profit Margin | -29.34% |
| Debt/Equity Ratio | 62.5% |
How did JRO perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/08/01 15:07 |
| End of Day Share Price | 2023/07/28 00:00 |
| Earnings | 2023/01/31 |
| Annual Earnings | 2022/07/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Nuveen Floating Rate Income Opportunity Fund is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.