Nuveen Floating Rate Income Opportnty Fd (JRO) Earning Somewhat Negative Press Coverage, Analysis Shows
Media headlines about Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) have trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nuveen Floating Rate Income Opportnty Fd earned a media sentiment score of -0.06 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.6901529339553 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE JRO) opened at 11.66 on Monday. The stock has a 50 day moving average price of $11.73 and a 200 day moving average price of $11.84. Nuveen Floating Rate Income Opportnty Fd has a 1-year low of $10.64 and a 1-year high of $12.93.
The firm also recently announced a monthly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.0705 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.85 dividend on an annualized basis and a yield of 7.26%.
In related news, insider Scott C. Caraher sold 7,611 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $11.67, for a total transaction of $88,820.37. Following the completion of the transaction, the insider now directly owns 39,800 shares in the company, valued at $464,466. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott C. Caraher sold 12,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $11.80, for a total transaction of $141,600.00. Following the transaction, the insider now owns 12,136 shares of the company’s stock, valued at $143,204.80. The disclosure for this sale can be found here.
Nuveen Floating Rate Income Opportnty Fd Company Profile
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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