NYSE:SPE

Stock Analysis Report

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Executive Summary

Special Opportunities Fund, Inc. is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. More Details


Snowflake Analysis

Share Price & News

How has Special Opportunities Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

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


Market Performance


7 Day Return

-1.1%

SPE

0.2%

US Capital Markets

-1.4%

US Market


1 Year Return

2.0%

SPE

33.4%

US Capital Markets

37.1%

US Market

Return vs Industry: SPE underperformed the US Capital Markets industry which returned 29% over the past year.

Return vs Market: SPE underperformed the US Market which returned 34.1% over the past year.


Shareholder returns

SPEIndustryMarket
7 Day-1.1%0.2%-1.4%
30 Day1.1%7.6%1.6%
90 Day13.4%18.4%7.3%
1 Year11.9%2.0%36.8%33.4%40.2%37.1%
3 Year32.3%-0.9%41.4%30.9%62.5%52.1%
5 Year80.5%17.0%152.2%120.9%133.9%108.0%

Long-Term Price Volatility Vs. Market

How volatile is Special Opportunities Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Special Opportunities Fund undervalued compared to its fair value and its price relative to the market?

1.13x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SPE ($14.72) is trading above our estimate of fair value ($13.98)

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


Price To Earnings Ratio

PE vs Industry: SPE is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: SPE is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SPE is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (10.6x).

Future Growth

How is Special Opportunities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.4%

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 Special 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 Special Opportunities Fund performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPE is currently unprofitable.

Growing Profit Margin: SPE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPE is unprofitable, but has reduced losses over the past 5 years at a rate of 9.7% per year.

Accelerating Growth: Unable to compare SPE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPE is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (7.6%).


Return on Equity

High ROE: SPE has a negative Return on Equity (-5.23%), as it is currently unprofitable.

Financial Health

How is Special Opportunities Fund's financial position?


Financial Position Analysis

Short Term Liabilities: SPE's short term assets ($4.4M) exceed its short term liabilities ($2.8M).

Long Term Liabilities: SPE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: SPE is debt free.

Reducing Debt: SPE has not had any debt for past 5 years.

Debt Coverage: SPE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SPE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Dividend

What is Special Opportunities Fund current dividend yield, its reliability and sustainability?

7.66%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SPE's dividend (7.66%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: SPE's dividend (7.66%) is in the top 25% of dividend payers in the US market (3.75%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: SPE is paying a dividend but the company is unprofitable.


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?

11.3yrs

Average management tenure


CEO

Special Opportunities Fund has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Phillip Goldstein
Chairman and Secretary11.33yrsno data1.35%
$ 1.7m
Andrew Dakos
President and Interested Director11.5yrsno data0.13%
$ 160.3k
Gerald Hellerman
Chief Compliance Officer and Interested Director12.08yrsUS$70.00k0.42%
$ 525.3k
Rajeev Das
Treasurer and Vice President11.33yrsUS$11.65kno data

11.3yrs

Average Tenure

64.5yo

Average Age

Experienced Management: SPE's management team is seasoned and experienced (11.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Phillip Goldstein
Chairman and Secretary11.33yrsno data1.35%
$ 1.7m
Andrew Dakos
President and Interested Director11.5yrsno data0.13%
$ 160.3k
Gerald Hellerman
Chief Compliance Officer and Interested Director12.08yrsUS$70.00k0.42%
$ 525.3k
Ben Harris
Independent Director11.42yrsUS$33.00kno data
Charles Walden
Independent Director12.08yrsUS$33.00kno data

11.5yrs

Average Tenure

75yo

Average Age

Experienced Board: SPE's board of directors are seasoned and experienced ( 11.5 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

Special Opportunities Fund, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Special Opportunities Fund, Inc.
  • Ticker: SPE
  • Exchange: NYSE
  • Founded: 1993
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$125.134m
  • Shares outstanding: 8.50m
  • Website: https://www.specialopportunitiesfundinc.com

Location

  • Special Opportunities Fund, Inc.
  • Park 80 West - Plaza Two
  • 250 Pehle Avenue
  • Saddle Brook
  • New Jersey
  • 7663
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPENYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1993
SPE.PRBNYSE (New York Stock Exchange)PFD CONV SE BUSUSDAug 2016

Biography

Special Opportunities Fund, Inc. is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC. It invests in close-ended funds investing in public equity and fixed income markets....


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/25 00:02
End of Day Share Price2021/02/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.