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OPP: Positioned For Near-Term Rate Cuts, But Distribution Outlook Is Hazy
The RiverNorth/DoubleLine Strategic Opportunity Fund offers a high level of current income with a 15.22% yield, but there are concerns it may have to reduce its distribution in the future. The fund's recent performance has been reasonable, but it has underperformed the S&P 500 Index. The fund's portfolio is managed by RiverNorth and DoubleLine, and it invests in a combination of traditional bonds and non-traditional assets like closed-end funds and business development companies.

OPP: Attractive Distribution Does Not Appear To Be Sustainable
RiverNorth/DoubleLine Strategic Opportunity Fund offers a high current yield of 15.13%, substantially higher than other options in the market. The fund's performance has remained relatively stable despite the market's incorrect expectation of a rate cut by the Federal Reserve. The fund's portfolio is heavily weighted towards fixed-rate bonds, positioning it well to benefit from a decline in interest rates. However, the sustainability of its distribution is questionable as it relies on new investors to fund distributions.

CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

OPP: Avoid This Amortizing Return Of Principal Fund
The RiverNorth/DoubleLine Strategic Opportunity Fund (OPP fund) is not recommended for investors due to its inability to sustain its high distribution yield of 14.3%. The OPP fund, which combines strategies from RiverNorth Capital and DoubleLine Capital, has earned an average annual return of -0.2% over the past five years. Despite its high distribution payout, the fund's sustainability is questionable as it heavily relies on return of capital to fund its distributions.

OPP: This High-Yielding CEF Looks Better And Could Be A Play On Bank Problems
Investors are desperate for income to maintain their standard of living in today's incredibly high inflation. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests in a portfolio of fixed-income and other high-yielding assets and employs leverage to give investors an incredibly high yield.

Weekly Closed-End Fund Roundup: February 12, 2023
1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.

Preferreds Weekly Review: Year-End Tax Losers Rally Hard
We take a look at the action in preferreds and baby bonds through the first week of January and highlight some of the key themes we are watching. Preferreds had a terrific start to the year, supported by lower Treasury yields and higher stocks.

OPP: Interesting Fund But Don't Count On That Yield Being Sustainable
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. invests its assets in three tactical silos that include both other closed-end funds and fixed-income assets. The closed-end fund is invested in some floating-rate loans that should hold their value in the face of rising rates.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
OPP Financial details
OPP Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-06-30
Metric | History | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2023-06-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.41 | -0.68 | 2.81 | -1.38 | 0 | |
Net income per share | 1.31 | -0.75 | 2.74 | -1.43 | 0 | |
Operating cash flow per share | 1.97 | -0.24 | -0.17 | -2.97 | 0 | |
Free cash flow per share | 1.97 | -0.24 | -0.17 | -2.97 | 0 | |
Cash per share | 0 | 0.01 | 0.15 | 0 | 0 | |
Book value per share | 17.82 | 13.14 | 21.43 | 14.59 | 0 | |
Tangible book value per share | 17.82 | 13.14 | 21.43 | 14.59 | 0 | |
Share holders equity per share | 17.82 | 13.14 | 21.43 | 14.59 | 0 | |
Interest debt per share | 6.79 | 4.44 | 1.61 | 0.01 | 0 | |
Market cap | 191.99M | 211.14M | 207.05M | 253.16M | 0 | |
Enterprise value | 265.46M | 276.54M | 226.05M | 253.16M | -443.62K | |
P/E ratio | 13.08 | -18.44 | 5.69 | -7.6 | 0 | |
Price to sales ratio | 12.17 | -20.57 | 5.53 | -7.88 | 0 | |
POCF ratio | 8.71 | -57.37 | -92.88 | -3.67 | 0 | |
PFCF ratio | 8.71 | -57.37 | -92.88 | -3.67 | 0 | |
P/B Ratio | 0.96 | 1.06 | 0.73 | 0.75 | 0 | |
PTB ratio | 0.96 | 1.06 | 0.73 | 0.75 | 0 | |
EV to sales | 16.83 | -26.94 | 6.04 | -7.88 | -0.06 | |
Enterprise value over EBITDA | 15.48 | -28.83 | 6.21 | -7.63 | -0.08 | |
EV to operating cash flow | 12.04 | -75.14 | -101.4 | -3.67 | -0.09 | |
EV to free cash flow | 12.04 | -75.14 | -101.4 | -3.67 | -0.09 | |
Earnings yield | 0.08 | -0.05 | 0.18 | -0.13 | 0 | |
Free cash flow yield | 0.11 | -0.02 | -0.01 | -0.27 | 0 | |
Debt to equity | 0.37 | 0.33 | 0.07 | 0 | 0 | |
Debt to assets | 0.27 | 0.25 | 0.07 | 0 | 0 | |
Net debt to EBITDA | 4.29 | -6.82 | 0.52 | 0 | -0.08 | |
Current ratio | 1.43 | 11.8 | 0.48 | 2.95 | 2 | |
Interest coverage | 6.95 | -5.17 | 82.01 | -285.38 | 1.28K | |
Income quality | 1.5 | 0.32 | -0.06 | 2.07 | 0.88 | |
Dividend Yield | 0.11 | 0.13 | 0.14 | 0.15 | 0 | |
Payout ratio | 1.5 | -2.32 | 0.81 | -1.11 | 6.63 | |
Sales general and administrative to revenue | 0.06 | -0.1 | 0.03 | -0.03 | 0.2 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 22.94 | 14.94 | 36.34 | 21.69 | 0 | |
ROIC | 0.06 | -0.04 | 0.12 | -0.1 | 0.02 | |
Return on tangible assets | 0.05 | -0.04 | 0.11 | -0.1 | 0.02 | |
Graham Net | -6.61 | -4.27 | -2.15 | 0.01 | 0 | |
Working capital | 486.23K | 1.57M | -6.18M | 1.33M | 1.75M | |
Tangible asset value | 199.21M | 199.51M | 284.83M | 339.12M | 341.29M | |
Net current asset value | -73.46M | -64.34M | -27.67M | 649.95K | 1.75M | |
Invested capital | 0.37 | 0.33 | 0.07 | 0 | 0 | |
Average receivables | 1.39M | 1.61M | 2.64M | 2.83M | 2.53M | |
Average payables | 1.64M | 644.79K | 6M | 6.27M | 1.22M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 36.94 | -57.63 | 35.72 | -22.76 | 153.4 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 9.88 | -6.33 | 10.22 | -16.04 | 2.38 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0.07 | -0.06 | 0.13 | -0.1 | 0.02 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q4
Metric | History | 2021-06-30 | 2021-12-31 | 2022-06-30 | 2022-12-31 | 2023-06-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0 | 0 | 0 | 0 | 0 | |
Net income per share | 0 | 0 | 0 | 0 | 0 | |
Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Cash per share | 0 | 0 | 0 | 0 | 0 | |
Book value per share | 0 | 0 | 0 | 0 | 0 | |
Tangible book value per share | 0 | 0 | 0 | 0 | 0 | |
Share holders equity per share | 0 | 0 | 0 | 0 | 0 | |
Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
Market cap | 0 | 0 | 0 | 0 | 0 | |
Enterprise value | 18.99M | 3.54K | -538 | -443.62K | -443.62K | |
P/E ratio | 0 | 0 | 0 | 0 | 0 | |
Price to sales ratio | 0 | 0 | 0 | 0 | 0 | |
POCF ratio | 0 | 0 | 0 | 0 | 0 | |
PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
P/B Ratio | 0 | 0 | 0 | 0 | 0 | |
PTB ratio | 0 | 0 | 0 | 0 | 0 | |
EV to sales | 0 | 0 | 0 | 0 | 0 | |
Enterprise value over EBITDA | 0 | 0 | 0 | 0 | 0 | |
EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
Earnings yield | 0 | 0 | 0 | 0 | 0 | |
Free cash flow yield | 0 | 0 | 0 | 0 | 0 | |
Debt to equity | 0.07 | 0 | 0 | 0 | 0 | |
Debt to assets | 0.07 | 0 | 0 | 0 | 0 | |
Net debt to EBITDA | 0 | 0 | 0 | 0 | 0 | |
Current ratio | 0.48 | 1.79 | 3.97 | 2 | 2 | |
Interest coverage | 0 | 0 | 0 | 0 | 0 | |
Income quality | 0 | 0 | 0 | 0 | 0 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 0 | 0 | 0 | 0 | 0 | |
ROIC | 0 | 0 | 0 | 0 | 0 | |
Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
Graham Net | 0 | 0 | 0 | 0 | 0 | |
Working capital | -6.18M | 783.75K | 2.04M | 1.75M | 1.75M | |
Tangible asset value | 284.83M | 392.92M | 345.07M | 341.29M | 341.29M | |
Net current asset value | -27.67M | -357.19K | -319.78K | 1.75M | 1.75M | |
Invested capital | 0.07 | 0 | 0 | 0 | 0 | |
Average receivables | 2.95M | 2.72M | 2.25M | 2.89M | 3.06M | |
Average payables | 6.9M | 6.42M | 837.33K | 1.22M | 1.75M | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 0 | 0 | 0 | 0 | 0 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 0 | 0 | 0 | 0 | 0 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0 | 0 | 0 | 0 | 0 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
OPP Frequently Asked Questions
What is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. stock symbol ?
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a US stock , located in Chicago of Il and trading under the symbol OPP
What is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. stock quote today ?
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. stock price is $8.32 today.
Is RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. stock public?
Yes, RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a publicly traded company.