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

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $7.41, market value $409 million.

## Valuation
- **P/E (trailing): 148.2×** (5-yr avg 17.2×). Highland Opportunities and Income Fund Common Shares of Beneficial Interest trades at 148.2× 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: 0.5×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 2.3%** (5-yr avg 13.3%). Free cash flow equals 2.3% of the market value, below its five-year average of 13.3%, so the shares are pricier on cash than usual.
- **Earnings yield: 0.7%**. The inverse of the P/E: 0.7% 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.
- **Free-cash-flow growth (3 yr): 172.2%/yr**. Free cash flow has compounded at 172.2% a year over three years.

## Dividends
- **Dividend yield: 6.23%** ($0.46 per share, trailing). Highland Opportunities and Income Fund Common Shares of Beneficial Interest yields 6.23%, 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: 6.2%**. Dividends plus net buybacks return 6.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): 28.5%** (YTD 29.3%, 3-mo 11.8%). The shares are up 28.5% over twelve months including dividends.
- **From 52-week high: -4.3%** (35.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.47** (volatility 21%). Beta of 0.47 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.