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RIV

RiverNorth Opportunities FundNYSE:RIV Stock Report

Last Price

US$16.50

Market Cap

US$220.1m

7D

-0.8%

1Y

-2.7%

Updated

16 Jan, 2022

Data

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

RIV Stock Overview

RiverNorth Opportunities Fund, Inc. was founded in 2015 and is headquartered in Chicago, Illinois.

Price History & Performance

Summary of all time highs, changes and price drops for RiverNorth Opportunities Fund
Historical stock prices
Current Share PriceUS$16.50
52 Week HighUS$18.75
52 Week LowUS$15.67
Beta0
1 Month Change0.76%
3 Month Change-5.47%
1 Year Change-2.74%
3 Year Change-3.54%
5 Year Change-15.14%
Change since IPO-16.69%

Recent News & Updates

Jan 07

RIV: Survived 2021 And Distribution Maintained For Another Year

In 2021, shareholders of RIV voted on whether or not they would like to convert to an open-ended fund. As RIV is still a CEF trading on the public market, suffice it to say, shareholders declined the conversion. That was a way for shareholders to get out at NAV if the fund had been trading at a deep discount. The fund regularly traded at a premium, so that almost solidified the conversion would be turned down.

Oct 19

RIV: Quick Notes On Rights Offering

RIV's offering is unlikely to be undersubscribed. Shareholder-friendly formula unlikely to cause much dilution. Rights appear to be significantly undervalued but are not necessarily a bargain.

Sep 29

RIV: Solid Fund With Good Strategies Issuing Rights At A Slight Discount

I like to look at closed-end funds from time-to-time. Especially going into the year end they can become very attractive. RiverNorth Opportunities is a popular fund and for good reason. The fund has a good strategy and returns to back it up. I'm ultimately passing because I like wider discounts.

Jul 02

RIV: Winning Fund-Of-Fund CEF Is Just A Bit Too Rich

The RiverNorth Opportunities Fund invests across a diversified portfolio of CEFs through a "fund-of-funds" strategy. We highlight that the share price spread to NAV has climbed into a historically high premium, making the fund relatively expensive. An overall mixed performance history against a peer group of comparable funds keeps us on the sidelines.

Jan 05

RiverNorth Opportunities Fund cuts dividend by ~6%

RiverNorth Opportunities Fund (RIV) declares $0.17/share monthly dividend, -5.6% decrease from prior dividend of $0.18.Forward yield 12.35%Payable Jan. 29; for shareholders of record Jan. 15; ex-div Jan. 14.See RIV Dividend Scorecard, Yield Chart, & Dividend Growth.

Nov 19

RIV: 'Failed' Rights Offering Is Good For Shareholders

We discussed the RiverNorth Opportunities Fund's (RIV) rights offering results in last week's Weekly Closed-End Fund Roundup for our members and I wanted to share these results with our public readers as well, together with a timeline of the main dates involved and the things that an investor might look out for next time. As of November 18, RIV closed with a discount of -3.97% and a market yield of 14.87%, paid monthly. For separate

Shareholder Returns

RIVUS Capital MarketsUS Market
7D-0.8%-1.6%-0.5%
1Y-2.7%30.2%13.7%

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

Return vs Market: RIV underperformed the US Market which returned 13.7% over the past year.

Price Volatility

Is RIV's price volatile compared to industry and market?
RIV volatility
RIV Average Weekly Movement2.0%
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: RIV is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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

About the Company

FoundedEmployeesCEOWebsite
2015n/an/a

RiverNorth Opportunities Fund, Inc. was founded in 2015 and is headquartered in Chicago, Illinois.

RiverNorth Opportunities Fund Fundamentals Summary

How do RiverNorth Opportunities Fund's earnings and revenue compare to its market cap?
RIV fundamental statistics
Market CapUS$220.08m
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
RIV 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 RIV perform over the long term?

See historical performance and comparison

Valuation

Is RiverNorth 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 RiverNorth Opportunities Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as RiverNorth 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 RiverNorth Opportunities 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 RiverNorth 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 RiverNorth Opportunities Fund performed over the past 5 years?

19.5%

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 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 RiverNorth Opportunities Fund's financial position?


In this section we usually analyse RiverNorth 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. RiverNorth 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 RiverNorth Opportunities Fund current dividend yield, its reliability and sustainability?


Upcoming Dividend Payment

TodayJan 17 2022Ex Dividend DateFeb 10 2022Dividend Pay DateFeb 28 202218 days from Ex DividendBuy in the next 23 days to receive the upcoming dividend

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if RIV'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 RIV'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 Opportunities 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: RIV 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 31.1%.


Top Shareholders

Company Information

RiverNorth Opportunities Fund, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: RiverNorth Opportunities Fund, Inc.
  • Ticker: RIV
  • Exchange: NYSE
  • Founded: 2015
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: US$220.080m
  • Shares outstanding: 13.10m

Location

  • RiverNorth Opportunities Fund, Inc.
  • 325 North Lasalle Street
  • Suite 645
  • Chicago
  • Illinois
  • 60654
  • 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 23:22
End of Day Share Price2022/01/14 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.