SPE Stock Overview
Special Opportunities Fund, Inc. is a close-ended balanced fund of funds launched and managed by Bulldog Investors, LLC.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.77|
|52 Week High||US$16.27|
|52 Week Low||US$13.84|
|1 Month Change||-0.14%|
|3 Month Change||-6.10%|
|1 Year Change||1.44%|
|3 Year Change||16.39%|
|5 Year Change||4.58%|
|Change since IPO||-2.35%|
Recent News & Updates
SPE: Deep Discount, Attractive 8.3%+ Distribution And Appealing Portfolio
Now that the convertible preferred is all taken care of, we have a bit more clarity on the valuation of the fund. The latest pricing and NAV updates give us an estimated discount of 7.30%, which is quite appealing. This fund is a unique CEF that can add a bit of diversification to almost any portfolio.
SPE: Latest Announcement - Overall Fund Remains Attractive
SPE recently issued a press release with a lot of information involved. We will break all this information down to explain what is going on with SPE. This fund remains a unique and interesting investment that is worth exploring.
Special Opportunities Fund declares $0.094 dividend
Special Opportunities Fund (SPE) declares $0.094/share monthly dividend, in line with previous.Forward yield 8.09%Payable Jan. 29; for shareholders of record Jan. 20; ex-div Jan. 19.Payable Feb. 26; for shareholders of record Feb. 17; ex-div Feb. 16.Payable Mar. 31; for shareholders of record Mar. 22; ex-div Mar. 19See SPE Dividend Scorecard, Yield Chart, & Dividend Growth.
Special Opportunities Fund Adds Optionality To Income Portfolio
The Special Opportunities Fund (SPE) follows a fund of funds strategy that combines steady income with optionality. Bulldog Investors, one of the top closed-end fund activists, manages SPE and its incentives are well aligned with outside investors. Many of SPE's holdings are closed-end funds trading at double-digit discounts, and SPE itself also trades at a discount. Although there is no imminent catalyst to close the discount, SPE investors are paid a monthly distribution while they
|SPE||US Capital Markets||US Market|
Return vs Industry: SPE underperformed the US Capital Markets industry which returned 24.6% over the past year.
Return vs Market: SPE underperformed the US Market which returned 7.7% over the past year.
|SPE Average Weekly Movement||2.3%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
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.
About the Company
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. The fund employs a combination of value, opportunistic and special situations strategies to make its investments.
Special Opportunities Fund Fundamentals Summary
|SPE fundamental statistics|
Is SPE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SPE income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||4.77|
|Net Profit Margin||1,042.14%|
How did SPE perform over the long term?See historical performance and comparison
8.9%Current Dividend Yield
Does SPE pay a reliable dividends?See SPE dividend history and benchmarks
|Special Opportunities Fund dividend dates|
|Ex Dividend Date||Feb 16 2022|
|Dividend Pay Date||Feb 28 2022|
|Days until Ex dividend||26 days|
|Days until Dividend pay date||38 days|
Does SPE pay a reliable dividends?See SPE dividend history and benchmarks
Is Special Opportunities Fund undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SPE ($14.77) is trading above our estimate of fair value ($10.36)
Significantly Below Fair Value: SPE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SPE is good value based on its PE Ratio (3.1x) compared to the US Capital Markets industry average (15.2x).
PE vs Market: SPE is good value based on its PE Ratio (3.1x) compared to the US market (16.9x).
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 (0.9x) compared to the US Capital Markets industry average (37.6x).
How is Special Opportunities Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Special Opportunities Fund performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPE has a high level of non-cash earnings.
Growing Profit Margin: SPE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SPE has become profitable over the past 5 years, growing earnings by 23% per year.
Accelerating Growth: SPE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SPE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (87.1%).
Return on Equity
High ROE: SPE's Return on Equity (28.8%) is considered high.
How is Special Opportunities Fund's financial position?
Financial Position Analysis
Short Term Liabilities: SPE's short term assets ($883.2K) do not cover its short term liabilities ($1.1M).
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.
What is Special Opportunities Fund current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SPE's dividend (8.94%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: SPE's dividend (8.94%) is in the top 25% of dividend payers in the US market (3.49%)
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: With its low payout ratio (22%), SPE'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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Special Opportunities Fund has no CEO, or we have no data on them.
Experienced Management: SPE's management team is seasoned and experienced (12.3 years average tenure).
Experienced Board: SPE's board of directors are seasoned and experienced ( 12.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 49.5%.
Special Opportunities Fund, Inc.'s employee growth, exchange listings and data sources
- Name: Special Opportunities Fund, Inc.
- Ticker: SPE
- Exchange: NYSE
- Founded: 1993
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$187.770m
- Shares outstanding: 12.71m
- Website: https://www.specialopportunitiesfundinc.com
- Special Opportunities Fund, Inc.
- Park 80 West - Plaza Two
- 250 Pehle Avenue
- Saddle Brook
- New Jersey
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 00:03|
|End of Day Share Price||2022/01/20 00:00|
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.