NYSE : HFRO

Highland Funds I - Highland Income Fund

$7.37 USD

-$0.08 (-1.07%)

Volume
168.1K
Average Volume
156.76K
Market Capitalization
$408.35M
P/E Ratio
-15.35
Dividend Yield
6.27%
Price Target
Year High
$7.69
Year Low
$5.14
Day High
—
Day Low
—
Payout Ratio
-$0.96
Current Ratio
$25.96
Company Overview

NYSE

Brian Dale Mitts

Asset Management - Income

Financial Services

HFRO

N/A

US

USD

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

972-628-4100

43010E404

0001710680

Liquidity Metrics

0.00

25.96

25.96

4.11

-0.96

Sales & Valuation

$28.26M

14.45

0.47

71.06

0.10

Profitability

-$0.48

-$26.81M

-94.89%

-94.89%

-3.08%

-3.07%

P/E Metrics

-15.35

0.09

0.09

Analyst Price Target & Rating

Sell

2/5

0 Analysts

%

Poll Results

About Highland Funds I - Highland Income Fund (NYSE:HFRO) Stock

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 i ... s 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.

HFRO: Reassessing 8% Yield On Preferreds After Monetization Of Large Asset

2026-07-13 10:52:26

Highland Income Fund faces activist pressure from Saba Capital, which has surpassed a 10% ownership stake. Saba Capital is pushing for larger buybacks to address HFRO's persistent discount to NAV. Recent developments include HFRO's first major monetization event, and the NAV discount has improved.

What Drove This Closed-End Fund ETF's Performance In June?

2026-07-06 17:14:14

The exchange-traded fund (ETF) vehicle continues to offer an array of options to provide access points into niche corners of the capital markets. One such area is the closed-end fund (CEF) universe.

Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

2026-07-01 16:30:00

DALLAS, July 1, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0385 per share. The distribution will be payable on July 31, 2026, to shareholders of record at the close of business July 24, 2026.

Buying Real Estate At Half Price

2026-06-20 10:30:00

Sky-high borrowing costs slow down real estate profits. This won't last forever; we should buy while prices are low. We look at two investment opportunities trading at steep discounts to NAV.

HFRO: Assessing The New $100 Million Share Buyback Program

2026-06-14 08:43:58

Highland Opportunities and Income Fund launches a new $100 million, two-year share repurchase program, with $20 million to be deployed immediately. Saba Capital's activist accumulation and the buyback program create a tactical floor for HFRO's share price, narrowing the discount to NAV. HFRO's real estate-heavy, illiquid asset base poses execution and liquidity risks as buybacks shrink the portfolio and concentrate holdings.

Highland Opportunities and Income Fund Announces Investor Update Call

2026-06-11 16:10:00

DALLAS, June 11, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") announced today that the Fund is scheduled to host a conference call on Thursday, June 25, 2026, at 10:00 a.m. CT, to discuss portfolio updates and recent performance.

Highland Opportunities and Income Fund (HFRO) Announces New $100 Million Share Repurchase Program

2026-06-09 09:00:00

Board Authorizes Two-Year Open-Market Program; Fund Intends to Deploy $20 Million as Soon as Practicable DALLAS, June 9, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced that its Board of Trustees (the "Board") has authorized a new share repurchase program (the "Program") pursuant to which the Fund may repurchase up to $100 million of its outstanding common shares in open-market transactions over a two-year period commencing today, June 9, 2026.   The Program succeeds the Fund's prior $100 million repurchase program, which expired in 2025.

Highland Opportunities and Income Fund Announces the Regular Monthly Distribution

2026-06-01 17:00:00

DALLAS, June 1, 2026 /PRNewswire/ -- The Highland Opportunities and Income Fund (NYSE: HFRO) ("HFRO" or the "Fund") today announced its regular monthly distribution on its common stock of $0.0385 per share. The distribution will be payable on June 30, 2026, to shareholders of record at the close of business June 23, 2026.

Frequently Asked Questions

What is the current Highland Funds I - Highland Income Fund (HFRO) stock price?

Highland Funds I - Highland Income Fund(NYSE:HFRO) stock price is $7.37 in the last trading session. During the trading session, HFRO stock reached the peak price of $7.69 while $5.14 was the lowest point it dropped to. The percentage change in HFRO stock occurred in the recent session was --1.07% while the dollar amount for the price change in HFRO stock was -$0.08.

HFRO's industry and sector of operation?

The NYSE listed HFRO is part of Asset Management - Income industry that operates in the broader Financial Services sector.

Who are the executives of HFRO?

Chris Mawn | Portfolio Manager
Brian Dale Mitts | Principal Financial Officer, Principal Accounting Officer and Treasurer
|
|
|

How many employees does HFRO have?

Number of HFRO employees currently stands at None. HFRO operates from 200 Crescent Court, Dallas, TX 75201, US.

Link for HFRO official website?

Official Website of HFRO is: https://www.highlandfunds.com/Funds---Performance/Mutual-Funds/Alternative-Investment/Floating-Rate-Opportunities

How do I contact HFRO?

HFRO could be contacted at phone #972-628-4100 and can also be accessed through its website. HFRO operates from 200 Crescent Court, Dallas, TX 75201, US.

How many shares of HFRO are traded daily?

The average number of HFRO shares traded daily for last 3 months was 156.76K.

What is the market cap of HFRO currently?

The market value of HFRO currently stands at $408.35M with its latest stock price at $7.37