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SPE

Special Opportunities FundNYSE:SPE Stock Report

Last Price

US$14.77

Market Cap

US$187.8m

7D

-5.3%

1Y

1.4%

Updated

21 Jan, 2022

Data

Company Financials
SPE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Special Opportunities Fund
Historical stock prices
Current Share PriceUS$14.77
52 Week HighUS$16.27
52 Week LowUS$13.84
Beta1.13
1 Month Change-0.14%
3 Month Change-6.10%
1 Year Change1.44%
3 Year Change16.39%
5 Year Change4.58%
Change since IPO-2.35%

Recent News & Updates

Aug 08

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.

Jun 17

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.

Jan 05

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.

Nov 12

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

Shareholder Returns

SPEUS Capital MarketsUS Market
7D-5.3%-5.5%-4.6%
1Y1.4%24.6%7.7%

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.

Price Volatility

Is SPE's price volatile compared to industry and market?
SPE volatility
SPE Average Weekly Movement2.3%
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: 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

FoundedEmployeesCEOWebsite
1993n/an/ahttps://www.specialopportunitiesfundinc.com

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

How do Special Opportunities Fund's earnings and revenue compare to its market cap?
SPE fundamental statistics
Market CapUS$187.77m
Earnings (TTM)US$60.67m
Revenue (TTM)US$5.82m

3.1x

P/E Ratio

32.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPE income statement (TTM)
RevenueUS$5.82m
Cost of RevenueUS$0
Gross ProfitUS$5.82m
Expenses-US$54.85m
EarningsUS$60.67m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)4.77
Gross Margin100.00%
Net Profit Margin1,042.14%
Debt/Equity Ratio0.0%

How did SPE perform over the long term?

See historical performance and comparison

Dividends

8.9%

Current Dividend Yield

22%

Payout Ratio

Does SPE pay a reliable dividends?

See SPE dividend history and benchmarks
When do you need to buy SPE by to receive an upcoming dividend?
Special Opportunities Fund dividend dates
Ex Dividend DateFeb 16 2022
Dividend Pay DateFeb 28 2022
Days until Ex dividend26 days
Days until Dividend pay date38 days

Does SPE pay a reliable dividends?

See SPE dividend history and benchmarks

Valuation

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

3.1x

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).

Future Growth

How is Special Opportunities 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 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?

23.0%

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.

Financial Health

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.


Balance Sheet

Dividend

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

8.94%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 21 2022Ex Dividend DateFeb 16 2022Dividend Pay DateFeb 28 202212 days from Ex DividendBuy in the next 26 days to receive the upcoming dividend

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.

Management

How experienced are the management team and are they aligned to shareholders interests?

12.3yrs

Average management tenure


CEO

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


Leadership Team

Experienced Management: SPE's management team is seasoned and experienced (12.3 years average tenure).


Board Members

Experienced Board: SPE's board of directors are seasoned and experienced ( 12.4 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 49.5%.


Top Shareholders

Company Information

Special Opportunities Fund, Inc.'s 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
  • Implied Market Cap: US$187.770m
  • Shares outstanding: 12.71m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 00:03
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.