RIV

RiverNorth Opportunities Fund, Inc. [RIV] Stock Forecast

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RSI : 000

RIV Stock Summary

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In the News

10:23 16 Apr 2024 RIV

RIV: Attractive Discount, But Could Get More Attractive

RiverNorth Opportunities fund continues to trade at an attractive valuation relative to its historical level. The fund is highly diversified, with the largest exposure in other closed-end funds, and offers a multi-asset approach with an attractive distribution rate. The fund looks relatively attractive; however, it is overdue for a rights offering that it had done annually - a rights offering could see the discount widen further.

08:30 16 Apr 2024 RIV

Want $5000 in Passive Income? Invest $5000 in These 7 Funds

Work smarter, not harder, the adage tells us. One way to do that is with passive income, which is derived from ownership rather than labor or active involvement in an enterprise.

10:47 16 Apr 2024 RIV

RIV: Increase Your Cash Stream With RiverNorth's 13.5% Level Distribution

I have added abrdn Global Infrastructure Income Fund and RiverNorth Opportunities Fund to my portfolio. RIV is a fund of funds that invests in various types of investments, including BDCs, CEFs, and SPACs. RIV offers a high yield and monthly distributions, and currently trades at a discount to NAV, making it an attractive option for income investors.

11:56 16 Apr 2024 RIV

5 High Yield CEFs That Raised Distributions In 2024

Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

08:49 16 Apr 2024 RIV

RIV: Fund Of Funds, 15% Yield

RIV is a "fund of funds," meaning it invests in other closed-end funds (CEFs), business development company (BDC) debt, exchange-traded funds (ETFs), and special purpose acquisition companies (SPACs). RIV's performance has been influenced by interest rates, and it tends to perform poorly in years when rates are rising. It aims to benchmark itself against the S&P 500. The fund's largest allocation is in CEFs (59%), followed by 14% in BDC debt and equity, 10% in SPACs, and it also has a short position in the S&P 500.

06:06 16 Apr 2024 RIV

RIV: This 13.73%-Yielding CEF Has Unique Qualities, But Be Careful Of Leverage

High inflation is a major problem in the U.S., pushing up the cost of living and putting pressure on household budgets. Investors can earn income by purchasing shares of closed-end funds like the RiverNorth Opportunities Fund. The RIV closed-end fund uses leverage and a unique strategy to boost its effective yield, but it comes with higher risk and uncertain distribution sustainability.

10:38 16 Apr 2024 RIV

RIV: A Tempting Discount

RiverNorth Opportunities Fund is trading at an attractive discount, with a diverse portfolio and exposure to fixed income, SPACs, investment company bonds, and equity. The fund's discount and underlying CEFs' discounts provide potential upside, but leverage increases risks and adds volatility. RIV is not a set-and-forget investment but should be traded around between its discounts/premiums and rights offerings.

06:25 16 Apr 2024 RIV

RIV: A Unique CEF To Boost Your Income

Investors are desperate for new sources of income to maintain their lifestyles in the face of a rapidly-rising cost of living. RIV invests in SPACs, BDCs, and CEFs, which allows it to add a great deal of diversification to an ordinary stock and bond portfolio.

12:19 16 Apr 2024 RIV

94 Monthly Paying Dividend Stocks And 80 Funds For March

Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These March U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (94); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >8.69% (80).

08:43 16 Apr 2024 RIV

RIV: Unique Strategy And Beats The Market, But Concern About The Distribution

RIV invests in a portfolio of CEFs, BDCs, and other very high-yielding assets to try and give investors an outsized yield. The fund's mix of bonds and common equity would have been an advantage in years past but that is not the case today.

RIV Financial details

Company Rating
Sell
Market Cap
250.36M
Income
25.4M
Revenue
22.28M
Book val./share
-
Cash/share
-
Dividend
1.53
Dividend %
13.42%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
-8.14
Forward P/E
-
PEG
0.38
P/S
-15.59
P/B
0.41
P/C
-
P/FCF
-
Quick Ratio
1.89
Current Ratio
1.89
Debt / Equity
-
LT Debt / Equity
-
-
-
EPS (TTM)
1.06
EPS next Y
-
EPS next Q
1.57
EPS this Y
-191.58%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
-1.74%
Revenue last 5Y
11.1%
Revenue Q/Q
-21.46%
EPS Q/Q
161.9%
-
-
-
-
SMA20
-
SMA50
-
SMA100
20%
Inst Own
34.49%
Inst Trans
0.93%
ROA
-5%
ROE
-6%
ROC
-0.04%
Gross Margin
100%
Oper. Margin
110%
Profit Margin
111%
Payout
-
Shs Outstand
21.45M
Shs Float
21.16M
-
-
-
-
Target Price
-
52W Range
9.63-12.43
52W High
-5.77%
52W Low
+25.64%
RSI
31
Rel Volume
1.88
Avg Volume
82.85K
Volume
155.48K
Perf Week
-4.97%
Perf Month
-5.61%
Perf Quarter
15.62%
Perf Half Y
8.63%
-
-
-
-
Beta
0.750369
-
-
Volatility
0.24%, 0.17%
Prev Close
-3.1%
Price
11.308
Change
-4.17%

RIV Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-07-31

Metric History 2019-07-312020-07-312021-07-312022-07-31 2023-07-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
1.12-0.063.53-0.850.64
Net income per share
0.95-0.213.41-0.950.87
Operating cash flow per share
00000
Free cash flow per share
00000
Cash per share
2.62.435.23.073.51
Book value per share
17.2214.7416.8618.7516.87
Tangible book value per share
19.1514.7419.1118.7516.87
Share holders equity per share
17.2214.7416.8618.7516.87
Interest debt per share
1.93.142.232.11.91
Market cap
123.71M139.83M228.72M270.63M246.5M
Enterprise value
137.31M147.16M230.92M309.05M287.32M
P/E ratio
17.91-71.945.35-15.4913.25
Price to sales ratio
15.24-230.865.16-17.2117.94
POCF ratio
00000
PFCF ratio
00000
P/B Ratio
0.9911.080.780.68
PTB ratio
0.9911.080.780.68
EV to sales
16.92-242.975.21-19.6520.91
Enterprise value over EBITDA
19.87-75.715.4-17.8615.45
EV to operating cash flow
00000
EV to free cash flow
00000
Earnings yield
0.06-0.010.19-0.060.08
Free cash flow yield
00000
Debt to equity
0.110.210.130.110.11
Debt to assets
0.10.180.120.10.1
Net debt to EBITDA
1.97-3.770.05-2.222.19
Current ratio
1.160.4912.811.890
Interest coverage
56.67-26.22.51K-104.560
Income quality
00000
Dividend Yield
00000
Payout ratio
00000
Sales general and administrative to revenue
0.08-1.140.02-0.070
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
19.238.2635.9419.9818.14
ROIC
0.05-0.010.18-0.040.05
Return on tangible assets
0.05-0.010.18-0.050.05
Graham Net
3.951.196.762.61.66
Working capital
138.92K-722.38K25.16M1.7M-40.93M
Tangible asset value
138.59M139.17M240.03M346.44M361.9M
Net current asset value
138.92K-23.08M25.16M-37.6M-44.28M
Invested capital
0.110.210.130.110.11
Average receivables
789.14K749.92K1.02M2.43M4.7M
Average payables
529K1.15M1.78M2.02M952.41K
Average inventory
9.89M21.61M32.25M50.55M30.02M
Days sales outstanding
43.07-326.6112.31-78.14160.48
Days payables outstanding
144.88208.31262.62159.750
Days of inventory on hand
3.31K3.42K5.06K5.04K0
Receivables turnover
8.47-1.1229.64-4.672.27
Payables turnover
2.521.751.392.280
Inventory turnover
0.110.110.070.070
ROE
0.06-0.010.2-0.050.05
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2024-01-31 for Q2

Metric History 2022-07-312023-01-312023-01-312023-07-31 2024-01-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
00.150.010.490.39
Net income per share
00.45-0.910.421.1
Operating cash flow per share
00000
Free cash flow per share
00000
Cash per share
00000
Book value per share
0020.1600
Tangible book value per share
0020.1600
Share holders equity per share
0020.1600
Interest debt per share
000.0100
Market cap
0262.8M226.29M246.5M246.07M
Enterprise value
-234.55K0226.29M00
P/E ratio
06.81-3.386.892.61
Price to sales ratio
082.81930.4123.3329.66
POCF ratio
00000
PFCF ratio
00000
P/B Ratio
000.6100
PTB ratio
000.6100
EV to sales
00930.4100
Enterprise value over EBITDA
00-13.6100
EV to operating cash flow
00000
EV to free cash flow
00000
Earnings yield
00.04-0.070.040.1
Free cash flow yield
00000
Debt to equity
00000
Debt to assets
00000
Net debt to EBITDA
00000
Current ratio
1.8901.2600
Interest coverage
00-146.950562.33
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
0020.2700
ROIC
00-0.0400
Return on tangible assets
00-0.0400
Graham Net
00-2.5800
Working capital
1.7M0576.9K00
Tangible asset value
346.44M0372.34M00
Net current asset value
-37.6M0-46.89M00
Invested capital
00000
Average receivables
00000
Average payables
00000
Average inventory
00000
Days sales outstanding
001.03K00
Days payables outstanding
0081.5700
Days of inventory on hand
00000
Receivables turnover
000.0900
Payables turnover
001.100
Inventory turnover
00000
ROE
00-0.0400
Capex per share
00000

RIV Frequently Asked Questions

What is RiverNorth Opportunities Fund, Inc. stock symbol ?

RiverNorth Opportunities Fund, Inc. is a US stock , located in Chicago of Il and trading under the symbol RIV

What is RiverNorth Opportunities Fund, Inc. stock quote today ?

RiverNorth Opportunities Fund, Inc. stock price is $11.308 today.

Is RiverNorth Opportunities Fund, Inc. stock public?

Yes, RiverNorth Opportunities Fund, Inc. is a publicly traded company.

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