OPP

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. [OPP] Stock Forecast

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In the News

05:33 11 Dec 2023 OPP

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.

11:28 11 Dec 2023 OPP

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.

03:47 11 Dec 2023 OPP

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.

11:04 11 Dec 2023 OPP

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.

03:11 11 Dec 2023 OPP

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.

05:50 11 Dec 2023 OPP

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.

08:17 11 Dec 2023 OPP

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.

04:04 11 Dec 2023 OPP

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.

12:59 11 Dec 2023 OPP

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.

12:51 11 Dec 2023 OPP

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

Company Rating
-
Market Cap
191.12M
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
1.27
Dividend %
15.28%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
0
Forward P/E
-
PEG
-
P/S
26.27
P/B
-
P/C
-
P/FCF
37.87
Quick Ratio
2
Current Ratio
2
Debt / Equity
-
LT Debt / Equity
-
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
-
EPS this Y
-
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
-
Revenue last 5Y
-14.33%
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
5.28%
SMA50
2.13%
SMA100
-3.66%
Inst Own
21.95%
Inst Trans
0.88%
ROA
2%
ROE
2%
ROC
0.02%
Gross Margin
100%
Oper. Margin
79%
Profit Margin
79%
Payout
663%
Shs Outstand
22.97M
Shs Float
0
-
-
-
-
Target Price
-
52W Range
7.26-9.72
52W High
-7.56%
52W Low
+18.86%
RSI
64
Rel Volume
0.51
Avg Volume
128.31K
Volume
65K
Perf Week
3.23%
Perf Month
13.82%
Perf Quarter
0.97%
Perf Half Y
-1.77%
-
-
-
-
Beta
-
-
-
Volatility
0.13%, 0.25%
Prev Close
-1.19%
Price
8.32
Change
0.6%

OPP Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-06-30

Metric History 2019-06-302020-06-302021-06-302022-06-30 2023-06-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
1.41-0.682.81-1.380
Net income per share
1.31-0.752.74-1.430
Operating cash flow per share
1.97-0.24-0.17-2.970
Free cash flow per share
1.97-0.24-0.17-2.970
Cash per share
00.010.1500
Book value per share
17.8213.1421.4314.590
Tangible book value per share
17.8213.1421.4314.590
Share holders equity per share
17.8213.1421.4314.590
Interest debt per share
6.794.441.610.010
Market cap
191.99M211.14M207.05M253.16M0
Enterprise value
265.46M276.54M226.05M253.16M-443.62K
P/E ratio
13.08-18.445.69-7.60
Price to sales ratio
12.17-20.575.53-7.880
POCF ratio
8.71-57.37-92.88-3.670
PFCF ratio
8.71-57.37-92.88-3.670
P/B Ratio
0.961.060.730.750
PTB ratio
0.961.060.730.750
EV to sales
16.83-26.946.04-7.88-0.06
Enterprise value over EBITDA
15.48-28.836.21-7.63-0.08
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
0.08-0.050.18-0.130
Free cash flow yield
0.11-0.02-0.01-0.270
Debt to equity
0.370.330.0700
Debt to assets
0.270.250.0700
Net debt to EBITDA
4.29-6.820.520-0.08
Current ratio
1.4311.80.482.952
Interest coverage
6.95-5.1782.01-285.381.28K
Income quality
1.50.32-0.062.070.88
Dividend Yield
0.110.130.140.150
Payout ratio
1.5-2.320.81-1.116.63
Sales general and administrative to revenue
0.06-0.10.03-0.030.2
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
22.9414.9436.3421.690
ROIC
0.06-0.040.12-0.10.02
Return on tangible assets
0.05-0.040.11-0.10.02
Graham Net
-6.61-4.27-2.150.010
Working capital
486.23K1.57M-6.18M1.33M1.75M
Tangible asset value
199.21M199.51M284.83M339.12M341.29M
Net current asset value
-73.46M-64.34M-27.67M649.95K1.75M
Invested capital
0.370.330.0700
Average receivables
1.39M1.61M2.64M2.83M2.53M
Average payables
1.64M644.79K6M6.27M1.22M
Average inventory
00000
Days sales outstanding
36.94-57.6335.72-22.76153.4
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
9.88-6.3310.22-16.042.38
Payables turnover
00000
Inventory turnover
00000
ROE
0.07-0.060.13-0.10.02
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2023-06-30 for Q4

Metric History 2021-06-302021-12-312022-06-302022-12-31 2023-06-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
00000
Net income per share
00000
Operating cash flow per share
00000
Free cash flow per share
00000
Cash per share
00000
Book value per share
00000
Tangible book value per share
00000
Share holders equity per share
00000
Interest debt per share
00000
Market cap
00000
Enterprise value
18.99M3.54K-538-443.62K-443.62K
P/E ratio
00000
Price to sales ratio
00000
POCF ratio
00000
PFCF ratio
00000
P/B Ratio
00000
PTB ratio
00000
EV to sales
00000
Enterprise value over EBITDA
00000
EV to operating cash flow
00000
EV to free cash flow
00000
Earnings yield
00000
Free cash flow yield
00000
Debt to equity
0.070000
Debt to assets
0.070000
Net debt to EBITDA
00000
Current ratio
0.481.793.9722
Interest coverage
00000
Income quality
00000
Dividend Yield
00000
Payout ratio
00000
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
00000
ROIC
00000
Return on tangible assets
00000
Graham Net
00000
Working capital
-6.18M783.75K2.04M1.75M1.75M
Tangible asset value
284.83M392.92M345.07M341.29M341.29M
Net current asset value
-27.67M-357.19K-319.78K1.75M1.75M
Invested capital
0.070000
Average receivables
2.95M2.72M2.25M2.89M3.06M
Average payables
6.9M6.42M837.33K1.22M1.75M
Average inventory
00000
Days sales outstanding
00000
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
00000
Payables turnover
00000
Inventory turnover
00000
ROE
00000
Capex per share
00000

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.

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