# Highland Opportunities and Income Fund of Beneficial Interest (HFRO) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Capital Markets. Price $6.24, market value $345 million.

## Valuation
- **P/E (trailing): 124.8×** (5-yr avg 17.2×). Highland Opportunities and Income Fund of Beneficial Interest trades at 124.8× trailing earnings, well above its own five-year average of 17.2×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / book: 0.4×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 2.7%** (5-yr avg 10.8%). Free cash flow equals 2.7% of the market value, below its five-year average of 10.8%, so the shares are pricier on cash than usual.
- **Earnings yield: 0.8%**. The inverse of the P/E: 0.8% of the price is earned each year.

## Profitability
- **Net margin: 262.7%**. 262.7% of each dollar of sales reaches the bottom line.
- **Return on equity: -1.7%**. Return on equity is negative because earnings are negative.
- **Return on assets: -1.7%**. Each dollar of assets produces -1.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 76.5%**. Revenue grew 76.5% over the last year.
- **EPS growth (1 yr): 16.7%**. Earnings per share rose 16.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 172.2%/yr**. Free cash flow has compounded at 172.2% a year over three years.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 7.40%** ($0.46 per share, trailing). Highland Opportunities and Income Fund of Beneficial Interest yields 7.40%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): -12.7%/yr** (1-yr 0.0%). The dividend has not grown over five years.
- **Shareholder yield: 7.4%**. Dividends plus net buybacks return 7.4% of the market value a year.

## Price and momentum
- **Total return (1 yr): 2.1%** (YTD 9.8%, 3-mo -16.6%). The shares are up 2.1% over twelve months including dividends.
- **From 52-week high: -19.4%** (14.1% above the low). Trading 19% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 0.49** (volatility 23%). Beta of 0.49 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HFRO · Page: https://foliofundamentals.com/stocks/hfro

Not investment advice.