Highland Income Fund (NYSE: HFRO) stock observed trading -15.42% off 52-week high price. On the other end, the stock has been noted 9.98% away from low price over the last 52-weeks. The stock disclosed a move of -0.36% away from 50 day moving average and -1.90% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.94% off 20-day moving average. It has market cap of $950.16M and dividend yield of 6.96%.
On Oct. 1, 2019, Highland Income Fund (NYSE:HFRO) declared its regular monthly dividend on its common stock of $0.0770 per share. The dividend will be payable on October 31, 2019 to shareholders of record at the close of business October 24, 2019.
The Fund is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. (the Manager), an affiliated adviser of Highland Capital Management, L.P. The Fund will pursue its investment objective by investing primarily in the following categories of securities and instruments: (i) floating-rate loans and other securities deemed to be floating-rate investments; (ii) investments in securities or other instruments directly or indirectly secured by real estate (including real estate investment trusts (REITs), preferred equity, securities convertible into equity securities and mezzanine debt); and (iii) other instruments, including but not limited to secured and unsecured fixed-rate loans and corporate bonds, distressed securities, mezzanine securities, structured products (including but not limited to mortgage-backed securities, collateralized loan obligations and asset-backed securities), convertible and preferred securities, equities (public and private), and futures and options. The investment objective of the Fund is to provide a high level of current income, consistent with the preservation of capital in a registered fund format. The Fund declares and pays dividends of investment income monthly.
The USA based company Highland Funds I – Highland Income Fund moved with change of -0.97% to $13.22 with the total traded volume of 48151 shares in recent session versus to an average volume of 134.48K.The stock was observed in the 5 days activity at -0.15%. The one month performance of stock was 1.23%. HFRO’s shares are at -3.92% for the quarter and driving a -14.27% return over the course of the past year and is now at 3.28% since this point in 2018. The average volatility for the week and month was at 2.61% and 1.67% respectively. There are 71.87M shares outstanding.
Anthony Bell is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 8 years of investment experience, an M.B.A. and is also certified in Risk Management Assurance. Anthony is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.
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