Highland Funds I - Highland Income Fund (HFRO) Stock

About Highland Funds I - Highland Income Fund

The Highland Funds I - Highland Floating Rate Opportunities Fund operates as a closed-end mutual fund dedicated to fixed income investments, originally launched by Highland Capital Management, L.P. Its management responsibilities are overseen by Highland Capital Management Fund Advisors, L.P. The fund's investment approach encompasses fixed income markets worldwide, primarily targeting instruments that offer floating rate returns. This strategy largely involves adjustable rate senior loans provided to corporations and partnerships, as well as other financial products considered floating rate investments. It actively seeks opportunities within the sphere of below-investment-grade securities and also incorporates derivatives into its investment methodology. The performance of its portfolio is measured against the Credit Suisse Leveraged Loan Index. Founded in the United States on January 13, 2000, the fund was formerly recognized as Pyxis Funds I - Pyxis Floating Rate Opportunities Fund.

Highland Funds I - Highland Income Fund is headquartered in US.

Highland Funds I - Highland Income Fund (HFRO) stock trades at $7.30 with a market capitalization of $404.47M. The stock is valued at a price-to-earnings (P/E) ratio of -15.21, price-to-book of 0.46, price-to-sales of 14.31. Over the past 52 weeks the stock has ranged between $5.19 and $7.69, and currently trades 5.1% below its 52-week high. It pays a dividend yielding 6.30%.

On profitability, Highland Funds I - Highland Income Fund generates a return on equity (ROE) of -3.08%, return on capital employed of -1.68%, an operating margin of -51.97%, a net profit margin of -94.89%.

Official website: www.highlandfunds.com/Funds---Performance/Mutual-Funds/Alternative-Investment/Floating-Rate-Opportunities