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OPP

RiverNorth/DoubleLine Strategic Opportunity FundNYSE:OPP Stock Report

Last Price

US$14.06

Market Cap

US$290.1m

7D

-4.5%

1Y

-3.5%

Updated

19 Jan, 2022

Data

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

OPP Stock Overview

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for RiverNorth/DoubleLine Strategic Opportunity Fund
Historical stock prices
Current Share PriceUS$14.06
52 Week HighUS$16.36
52 Week LowUS$13.81
Beta0
1 Month Change-3.24%
3 Month Change-5.00%
1 Year Change-3.50%
3 Year Change-14.84%
5 Year Change-24.57%
Change since IPO-29.63%

Recent News & Updates

Sep 26

Quick Look At OPP: The RiverNorth - DoubleLine 'Joint Venture'

A number of my Inside the Income Factory readers have asked about OPP, a joint-venture effort between RiverNorth and DoubleLine. It hasn't been around too long but it has a reasonable record. I have a small holding and am not inclined to buy more at this point. Sustainability is the main issue; will it continue to generate the capital gains needed to support its generous 12%-plus payout?

May 08

OPP: Preferred Looks A Better Bet Than The Common

Photo by primeimages/E+ via Getty Images This article was first released to Systematic Income subscribers and free trials on 20-Apr. - any pricing is as of that date. As valuations continue to richen across the income space, investors are finding that uncovering attractive opportunities is harder work than at any

Jan 04

RiverNorth/DoubleLine Strategic Opportunity Fund declares $0.1586 dividend

RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) declares $0.1586/share monthly dividend, in line with previous.Forward yield 13.24%Payable Jan. 29; for shareholders of record Jan. 15; ex-div Jan. 14.Payable Feb. 26; for shareholders of record Feb. 11; ex-div Feb. 10.Payable Mar. 31; for shareholders of record Mar. 17; ex-div Mar. 16.See OPP Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

OPPUS Capital MarketsUS Market
7D-4.5%-5.5%-4.6%
1Y-3.5%24.6%7.7%

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

Return vs Market: OPP underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is OPP's price volatile compared to industry and market?
OPP volatility
OPP Average Weekly Movement2.2%
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: OPP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2010n/an/ahttps://www.rivernorth.com/mutual-funds/rnsix-rndlx

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets.

RiverNorth/DoubleLine Strategic Opportunity Fund Fundamentals Summary

How do RiverNorth/DoubleLine Strategic Opportunity Fund's earnings and revenue compare to its market cap?
OPP fundamental statistics
Market CapUS$290.14m
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
OPP 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 OPP perform over the long term?

See historical performance and comparison

Valuation

Is RiverNorth/DoubleLine Strategic Opportunity 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 RiverNorth/DoubleLine Strategic Opportunity Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as RiverNorth/DoubleLine Strategic Opportunity 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 RiverNorth/DoubleLine Strategic Opportunity 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 RiverNorth/DoubleLine Strategic 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 RiverNorth/DoubleLine Strategic Opportunity 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, RiverNorth/DoubleLine Strategic Opportunity 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 RiverNorth/DoubleLine Strategic Opportunity Fund's financial position?


In this section we usually analyse RiverNorth/DoubleLine Strategic Opportunity 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. RiverNorth/DoubleLine Strategic Opportunity 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 RiverNorth/DoubleLine Strategic Opportunity Fund current dividend yield, its reliability and sustainability?


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateFeb 10 2022Dividend Pay DateFeb 28 202218 days from Ex DividendBuy in the next 21 days to receive the upcoming dividend

Dividend Yield vs Market

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

High Dividend: Unable to evaluate OPP'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 OPP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OPP'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 OPP'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?


CEO

RiverNorth/DoubleLine Strategic Opportunity Fund has no CEO, or we have no data on them.


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 been diluted in the past year, with total shares outstanding growing by 38.7%.


Top Shareholders

Company Information

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
  • Ticker: OPP
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$290.145m
  • Shares outstanding: 19.21m
  • Website: https://www.rivernorth.com/mutual-funds/rnsix-rndlx

Location

  • RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.
  • 433 West Van Buren Street
  • 1150-E
  • Chicago
  • Illinois
  • 60607
  • 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 23:50
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.