BRW

Saba Capital Income & Opportunities Fund [BRW] Stock Forecast

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In the News

06:43 28 Mar 2024 BRW

BRW: I Like This Fund, But Not The NAV Destruction

Saba Capital Income & Opportunities Fund has a high distribution yield of 13.60% and pays out special distributions to shareholders. The fund has a reputation for activist investing and has attempted to force fund managers to make changes to reduce discounts on NAV. The fund's performance has been flat compared to the S&P 500, but investors have received a 4.94% total return due to high distribution yields.

05:02 28 Mar 2024 BRW

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.

01:15 28 Mar 2024 BRW

4 Closed-End Fund Buys From The Month Of November 2023

The market is anticipating rate cuts, which led to a rally in November as rates on risk-free Treasuries retreated. Closed-end funds present good investment opportunities, trading at historically deep discounts. While the key theme this year had been primarily to avoid adding significant amounts of leverage, I made an exception with adding a PIMCO fund.

05:52 28 Mar 2024 BRW

BRW: Accessing Saba Capital's CEF At A Ripe Time For Shareholder Activism

Saba Capital Income & Opportunities Fund is a closed-end fund that invests in global opportunities across various asset classes. BRW uses both public and private instruments, including CEFs and SPACs, and may use derivatives to enhance returns or reduce portfolio risk. BRW offers a high distribution yield of approximately 12% and trades at a discount of around 11%, making it attractive to income-seeking investors.

03:54 28 Mar 2024 BRW

The Month In Closed-End Funds: October 2023

For the third straight month, both equity (-2.52% on a NAV basis) and fixed income (-1.62%) CEFs on average suffered downside performance. At month end, 6% of all CEFs traded at a premium to their NAV, with 8% of equity CEFs and only 5% of fixed income CEFs trading in premium territory. Utility CEFs (-0.52%), for the first month in seven, mitigated losses better than the other classifications in the equity CEF universe for October.

06:56 28 Mar 2024 BRW

BRW: Get Access To Hedge Funds And A Massive Yield

Saba Capital Income & Opportunities Fund employs an unusual strategy to provide a high level of income to investors, with a current yield of 13.28%. The fund has outperformed the S&P 500 Index on a total return basis since July, partially due to its high distribution yield and investments that benefit from rising interest rates. The fund's portfolio includes investments in closed-end funds, special-purpose acquisition companies, and public and private debt instruments, offering access to assets typically only available to accredited investors.

05:30 28 Mar 2024 BRW

SPE And BRW: Investing With The Activists

Closed-end funds offer opportunities for investors to exploit discounts and premiums, with Bulldog Investors and Saba Capital Management being major activists in this space. Both Bulldog and Saba offer publicly traded CEFs that can pool some of their targets into these funds, providing discounted exposure to discounted investments. Despite the added expenses of investing through a CEF into another pool of CEFs, both funds offer attractive discounts, with Special Opportunities Fund looking particularly attractive.

07:27 28 Mar 2024 BRW

BRW: Unique Assets, Variable Distribution, And Selling At A Discount

Investors today are desperate for additional sources of income to maintain their lifestyles in the current inflationary environment. Saba Capital Income & Opportunities Fund invests in a unique portfolio of CEFs, SPACs, and traditional stocks and bonds to provide a high level of current income. The BRW closed-end fund yields a whopping 13.08% annually, but its distribution varies from month to month.

05:07 28 Mar 2024 BRW

BRW: Unique CEF With Some Good Qualities, But Distribution Looks Unsustainable

BRW: Unique CEF With Some Good Qualities, But Distribution Looks Unsustainable.

03:21 28 Mar 2024 BRW

BRW: Top Performing Credit Hedge Fund In A CEF Structure

BRW is managed by Saba Capital Management, one of the best credit managers in the world. The fund was able to navigate a tough 2022 with a 0.3% total return, vastly outperforming peers.

BRW Financial details

Company Rating
Neutral
Market Cap
305.79M
Income
-3.93M
Revenue
11.63M
Book val./share
-
Cash/share
-
Dividend
1.06
Dividend %
14.06%
Employees
-
Optionable
No
Shortable
Yes
Earnings
15 Feb 2002
P/E
-47.25
Forward P/E
-
PEG
6.64
P/S
-52.58
P/B
0.93
P/C
-
P/FCF
-4.29
Quick Ratio
5.98
Current Ratio
5.98
Debt / Equity
0.17
LT Debt / Equity
0.17
-
-
EPS (TTM)
-0.05
EPS next Y
-
EPS next Q
-
EPS this Y
-518.75%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
36.77%
Revenue last 5Y
25.01%
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
-
SMA50
-
SMA100
-
Inst Own
33.38%
Inst Trans
0.73%
ROA
-1%
ROE
-2%
ROC
-0.01%
Gross Margin
100%
Oper. Margin
119%
Profit Margin
119%
Payout
-620%
Shs Outstand
42.53M
Shs Float
42.53M
-
-
-
-
Target Price
-
52W Range
7.15-8.3
52W High
-8.69%
52W Low
+4.36%
RSI
52
Rel Volume
0.72
Avg Volume
222.98K
Volume
160.2K
Perf Week
1.04%
Perf Month
1.32%
Perf Quarter
-3.12%
Perf Half Y
-6.59%
-
-
-
-
Beta
0.613
-
-
Volatility
0.06%, 0.08%
Prev Close
-0.48%
Price
7.305
Change
0.76%

BRW Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-10-31

Metric History 2020-02-292021-02-282021-10-312022-10-31 2023-10-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.16-0.410.29-0.130.76
Net income per share
0.14-0.450.26-0.160.67
Operating cash flow per share
0.727.44.47-1.653.66
Free cash flow per share
0.727.44.47-1.653.66
Cash per share
00.1100.090.25
Book value per share
10.969.9411.748.17.81
Tangible book value per share
10.969.9411.748.17.81
Share holders equity per share
10.969.9411.748.17.81
Interest debt per share
4.560.441.473.931.5
Market cap
701.08M565.34M335.26M355.45M335.05M
Enterprise value
1.02B581.58M387.6M526.73M383.23M
P/E ratio
70.14-20.6136.08-4910.95
Price to sales ratio
62.5-22.4132.51-58.139.78
POCF ratio
13.631.252.1-4.752.02
PFCF ratio
13.631.252.1-4.752.02
P/B Ratio
0.90.930.80.970.95
PTB ratio
0.90.930.80.970.95
EV to sales
90.64-23.0537.58-86.1311.19
Enterprise value over EBITDA
101.72-21.241.71-72.6112.53
EV to operating cash flow
19.761.292.43-7.042.31
EV to free cash flow
19.761.292.43-7.042.31
Earnings yield
0.01-0.050.03-0.020.09
Free cash flow yield
0.070.80.48-0.210.5
Debt to equity
0.40.040.120.480.17
Debt to assets
0.270.040.110.320.09
Net debt to EBITDA
31.58-0.595.63-23.611.57
Current ratio
0.413.076.75.9813.79
Interest coverage
1-7.3954.02-2.673.61
Income quality
5.15-16.4317.1810.325.42
Dividend Yield
0.060.050.050.130.13
Payout ratio
4.53-0.961.8-6.21.44
Sales general and administrative to revenue
0.11-0.20.15-0.40.04
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
5.8810.038.295.410.89
ROIC
0.01-0.040.02-0.010.07
Return on tangible assets
0.01-0.040.02-0.010.05
Graham Net
-4.790.59-0.26-3.48-0.89
Working capital
-29.8M42.34M62.29M17.01M312.57M
Tangible asset value
782.81M605.54M419.71M367.46M353.87M
Net current asset value
-347.38M17.91M8.89M-160.57M40.89M
Invested capital
0.40.040.120.480.17
Average receivables
16.69M37.98M64.58M44.71M170.96M
Average payables
25.07M35.27M15.67M7.17M13.92M
Average inventory
10.32M42.32M32M6.9M6.9M
Days sales outstanding
651.58-809.452.59K-967.683.47K
Days payables outstanding
1.46K712.510241.990
Days of inventory on hand
599.592.23K0977.180
Receivables turnover
0.56-0.450.14-0.380.11
Payables turnover
0.250.5101.510
Inventory turnover
0.610.1600.370
ROE
0.01-0.050.02-0.020.09
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2023-10-31 for Q4

Metric History 2022-10-312023-02-282023-04-302023-08-31 2023-10-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
0.140000
Net income per share
-0.050000
Operating cash flow per share
0.050000
Free cash flow per share
0.050000
Cash per share
0.050000
Book value per share
4.320000
Tangible book value per share
4.320000
Share holders equity per share
4.320000
Interest debt per share
2.090000
Market cap
666.86M0000
Enterprise value
838.15M0-85.6M048.18M
P/E ratio
-42.470000
Price to sales ratio
57.360000
POCF ratio
152.740000
PFCF ratio
152.740000
P/B Ratio
1.810000
PTB ratio
1.810000
EV to sales
72.10000
Enterprise value over EBITDA
-363.610000
EV to operating cash flow
191.970000
EV to free cash flow
191.970000
Earnings yield
-0.010000
Free cash flow yield
0.010000
Debt to equity
0.4800.1800.17
Debt to assets
0.3200.1100.09
Net debt to EBITDA
-74.310000
Current ratio
5.98046.17013.79
Interest coverage
-1.030000
Income quality
-1.110000
Dividend Yield
0.070000
Payout ratio
-11.460000
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
2.120000
ROIC
00000
Return on tangible assets
-0.010000
Graham Net
-1.850000
Working capital
17.01M0211.55M0312.57M
Tangible asset value
367.46M0370.66M0353.87M
Net current asset value
-160.57M0-15.8M040.89M
Invested capital
0.4800.1800.17
Average receivables
8.11M8.11M31.31M31.31M162.85M
Average payables
1.71M1.71M2.34M2.34M12.22M
Average inventory
6.9M6.9M000
Days sales outstanding
125.520000
Days payables outstanding
115.350000
Days of inventory on hand
465.780000
Receivables turnover
0.720000
Payables turnover
0.780000
Inventory turnover
0.190000
ROE
-0.010000
Capex per share
00000

BRW Frequently Asked Questions

What is Saba Capital Income & Opportunities Fund stock symbol ?

Saba Capital Income & Opportunities Fund is a US stock , located in New york of Ny and trading under the symbol BRW

What is Saba Capital Income & Opportunities Fund stock quote today ?

Saba Capital Income & Opportunities Fund stock price is $7.305 today.

Is Saba Capital Income & Opportunities Fund stock public?

Yes, Saba Capital Income & Opportunities Fund is a publicly traded company.

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