DoubleLine Opportunistic Credit Fund (DBL) Stock

About DoubleLine Opportunistic Credit Fund

Managed by DoubleLine Capital LP, the DoubleLine Opportunistic Credit Fund functions as a closed-end mutual fund primarily focused on fixed income investments. Its strategy involves allocating capital across a diverse spectrum of debt instruments, including both residential and commercial mortgage-backed securities, asset-backed securities, U.S. government obligations, corporate bonds, international sovereign debt, and various short-term holdings. The fund measures its portfolio performance against the Barclays Capital U.S. Aggregate Bond Index. This U.S.-domiciled fund was established on July 22, 2011.

DoubleLine Opportunistic Credit Fund (DBL) stock trades at $14.05 with a market capitalization of $277.80M. The stock is valued at a price-to-earnings (P/E) ratio of 13.38, price-to-book of 0.92, price-to-sales of 12.08. Over the past 52 weeks the stock has ranged between $13.95 and $16.01, and currently trades 12.2% below its 52-week high.

On profitability, DoubleLine Opportunistic Credit Fund generates a return on equity (ROE) of 6.98%, return on capital employed of 4.77%, an operating margin of 91.30%, a net profit margin of 91.30%.

Official website: www.doubleline.com/opp-credit-fund-overview.php