Media coverage about Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) has trended somewhat negative on Friday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public 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 daily sentiment score of -0.15 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.6852454907699 out of 100, meaning that recent media 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 (JRO) opened at 11.56 on Friday. The stock’s 50 day moving average price is $11.68 and its 200-day moving average price is $11.92. Nuveen Floating Rate Income Opportnty Fd has a one year low of $10.64 and a one year high of $12.93.
The company also recently declared a monthly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.0705 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Friday, August 11th.
In other news, insider Scott C. Caraher sold 12,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $11.80, for a total transaction of $141,600.00. Following the completion of the sale, the insider now directly owns 12,136 shares of the company’s stock, valued at approximately $143,204.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Schneider purchased 8,600 shares of the business’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average cost of $11.55 per share, with a total value of $99,330.00. Following the completion of the purchase, the insider now directly owns 47,400 shares in the company, valued at $547,470. The disclosure for this purchase can be found here.
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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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