Highland Funds I - Highland Opportunities and Income Fund (HFRO)

NYSE: HFRO · Real-Time Price · USD
5.68
+0.02 (0.35%)
Jan 28, 2025, 4:00 PM EST - Market closed
0.35%
Market Value 379.96M
Revenue (ttm) n/a
Net Income (ttm) n/a
Shares Out 66.89M
EPS (ttm) n/a
PE Ratio n/a
Forward PE n/a
Dividend $0.46 (8.13%)
Ex-Dividend Date Jan 24, 2025
Volume 244,719
Open 5.65
Previous Close 5.66
Day's Range 5.62 - 5.69
52-Week Range 5.11 - 7.37
Beta 0.83
Analysts n/a
Price Target n/a
Earnings Date n/a

About HFRO

Highland Funds I - Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships. The fund seeks to invest in below investment grade securities. It also invests ... [Read more]

Sector Financials
Founded 2000
Country United States
Stock Exchange NYSE
Ticker Symbol HFRO
Full Company Profile

Financial Performance

In 2022, HFRO's revenue was $44.54 million, a decrease of -69.60% compared to the previous year's $146.48 million. Earnings were $83.62 million, a decrease of -39.40%.

News

HFRO: 8% Yielding Preferreds Trading At A Discount To NAV

HFRO's investment-grade rated Series A Preferreds are currently trading at a 33% discount to their intrinsic value. The preferreds offer a compelling 8% yield on cost. This yield has been catalyzed by...

14 days ago - Seeking Alpha

Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have se...

Other symbols: BRWBSTBUICCDCRFCUBADMA
15 days ago - Seeking Alpha

Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

DALLAS , Jan. 2, 2025 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of  $0.0385 pe...

26 days ago - PRNewsWire

Preferreds Weekly Review: HFRO Tees Up Another Preferred

We take a look at the action in preferreds and baby bonds through the first week of December and highlight some of the key themes we are watching. Preferred stocks showed mixed performance, but the se...

6 weeks ago - Seeking Alpha

HFRO: New Preferred Shares Aim To Narrow The Discount

HFRO's attempts to boost share price, including buybacks and a dedicated board committee, have failed. HFRO's new tender offer swaps common shares for preferred shares at a premium. Bold move. Let's s...

2 months ago - Seeking Alpha

Highland Opportunities and Income Fund (HFRO) Announces Tender Offer for Common Shares in Exchange for up to $100 Million in Preferred Shares

DALLAS , Nov. 25, 2024 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") today announced its plan to conduct an issuer tender offer pursuant to Rule 13e-4 u...

2 months ago - PRNewsWire

Highland Opportunities and Income Fund Announces Investor Update Call

DALLAS , Nov. 22, 2024 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") announced today that the Fund is scheduled to host a conference call on Wednesday, ...

2 months ago - PRNewsWire

HFRO: Discount To NAV Widens To 53% For A 7% Yield

Highland Opportunities and Income Fund trades at a 53% discount to NAV. The recent purchase of QuarterNorth by Talos Energy validated at least some marks on the book as accurate. We look at where the ...

7 months ago - Seeking Alpha

BlackRock Just Sent These 8%+ Payers Soaring

A couple weeks ago, on May 3, BlackRock BlackRock , the world's largest investment firm, did something that will send a shockwave through our favorite high-yield investments: closed-end funds (CEFs).

Other symbols: BGYBIGZBSTBSTZ
9 months ago - Forbes

HFRO: Preferred Shares Look More Attractive Than The Commons For This CEF

Highland Opportunities and Income Fund is a $1 billion closed-end fund with a real estate-focused portfolio. The main portfolio manager for the CEF, Mr. James Dondero, is also the founder of NexPoint,...

11 months ago - Seeking Alpha

The Quality Closed-End Fund Report, January 2024

Quantitative screens narrow down attractive closed-end funds for further due diligence and investigation. The "Quality" report focuses on funds with coverage exceeding 100% to lower the risk of distri...

1 year ago - Seeking Alpha

HFRO: 50% Discount To NAV And 50% Distribution Cut

Highland Opportunities and Income Fund provided an opportunity as it cut its income. HFRO fund tanked 16% and widened the discount to NAV to almost 50%. We examine the "why" and give you our take.

1 year ago - Seeking Alpha

7 Massive Monthly Dividends Yielding Up To 18%

A safe double-digit yield makes it a lot easier to retire. Today we'll discuss a portfolio that pays 14.1% (that's no typo).

Other symbols: CLMCRFFPFFSCOGOFIGR
1 year ago - Forbes

HFRO Update: Looks Attractive With A 37% Discount And An 11.6% Distribution Yield

Highland Opportunities and Income Fund is a closed-end fund that invests in various asset classes, including real estate, CLOs, equity, and loans. HFRO pays an 11.59% distribution and trades at a 37% ...

1 year ago - Seeking Alpha

The 5 Biggest Dividend Bargains Left To Buy Before 2024

Did you miss out? Have cash suddenly burning a hole in your pocket?

Other symbols: GDVKYNMEGINBXG
1 year ago - Forbes

Closed-End Funds: Revisiting Valuations As We End Q3 2023

Closed-End Funds: Revisiting Valuations As We End Q3 2023

1 year ago - Seeking Alpha

The 'High-High-Low' Closed-End Fund Report, August 2023

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxYxZ funds from this month's report...

Other symbols: BANXFPF
1 year ago - Seeking Alpha

The Chemist's Quality Closed-End Fund Report, August 2023

Quantitative screens narrow down attractive closed-end funds for further investigation. "Quality" report focuses on funds with >100% distribution coverage to lower the risk of distribution cuts. Top l...

Other symbols: BANXFLC
1 year ago - Seeking Alpha

Highland Opportunities and Income Fund Announces Update Call

DALLAS , Aug. 29, 2023 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE:HFRO) ("HFRO" or the "Fund") announced today that the Fund is scheduled to host a conference call on Tuesday, Se...

1 year ago - PRNewsWire

HFRO: 40% Discount To NAV And A 11.4% Yield

Daily market opportunities can be enticing, but it's important to question why an opportunity is available in the first place. A fund that has outperformed its benchmarks is trading at a significant d...

1 year ago - Seeking Alpha

The Quality Closed-End Fund Report, July 2023

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, PFO and HNW.

Other symbols: HNWPFO
1 year ago - Seeking Alpha

The 'High-High-Low' Closed-End Fund Report, May 2023

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HFRO, JSD, and JRO.

1 year ago - Seeking Alpha

The Quality Closed-End Fund Report, May 2023

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, HNW and BGX.

Other symbols: BGXHNW
1 year ago - Seeking Alpha

CEF Weekly Review: Why Are Investors Souring On Loan CEFs?

We review CEF market valuation and performance through the fourth week of May and highlight recent market action. CEFs had another down week - the fourth in a row - as rising Treasury yields and weak ...

Other symbols: ARDC
1 year ago - Seeking Alpha

Highland Income Fund Announces the Regular Monthly Distribution

DALLAS , June 1, 2023 /PRNewswire/ -- The Highland Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of  $0.0770 per share. The distr...

1 year ago - PRNewsWire