Nuveen Floating Rate Income Opportnty Fd (JRO) Receiving Negative Press Coverage, Analysis Finds
Media headlines about Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) have been trending negative recently, according to Alpha One. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Nuveen Floating Rate Income Opportnty Fd earned a news sentiment score of -0.29 on Alpha One’s scale. Alpha One also assigned media headlines about the financial services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next few days.
Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) opened at 11.86 on Friday. Nuveen Floating Rate Income Opportnty Fd has a one year low of $9.90 and a one year high of $12.93. The company’s 50-day moving average is $11.90 and its 200-day moving average is $11.85. The company has a market cap of $456.40 million and a price-to-earnings ratio of 6.03.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 1st. Stockholders of record on Thursday, April 13th will be paid a $0.0705 dividend. This represents a $0.85 annualized dividend and a dividend yield of 7.13%. The ex-dividend date is Tuesday, April 11th.
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In other Nuveen Floating Rate Income Opportnty Fd news, insider Albin F. Moschner acquired 3,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was acquired at an average price of $12.02 per share, with a total value of $36,060.00. Following the completion of the purchase, the insider now owns 1,500 shares in the company, valued at approximately $18,030. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott C. Caraher sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $12.58, for a total transaction of $100,640.00. Following the completion of the transaction, the insider now directly owns 42,100 shares of the company’s stock, valued at approximately $529,618. The disclosure for this sale can be found here.
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About Nuveen Floating Rate Income Opportnty Fd
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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