Nuveen Floating Rate Income Opportnty Fd (JRO) Getting Somewhat Negative Press Coverage, Analysis Finds
News coverage about Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) has trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring 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 coverage optimism score of -0.16 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.1919940716052 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) traded down 0.008% on Thursday, hitting $11.779. The stock had a trading volume of 7,186 shares. Nuveen Floating Rate Income Opportnty Fd has a 12-month low of $10.87 and a 12-month high of $12.93. The company has a 50 day moving average of $11.73 and a 200 day moving average of $11.78.
The business also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a dividend of $0.0705 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.85 annualized dividend and a dividend yield of 7.18%.
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In related news, insider William J. Schneider purchased 8,600 shares of the stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of $11.55 per share, for a total transaction of $99,330.00. Following the completion of the acquisition, the insider now owns 47,400 shares of the company’s stock, valued at $547,470. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott C. Caraher sold 12,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was 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.
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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