Highland Funds I - Highland Opportunities and Income Fund (HFRO) Stock Price, News & Analysis

Company Overview

Highland Opportunities and Income Fund (NYSE: HFRO) is a diversified, closed-end management investment company organized in Maryland. Since its inception in 2007, HFRO has pursued a strategy aimed at generating total return through a blend of current income and capital appreciation. The fund’s portfolio is primarily composed of floating-rate loans, high-yield corporate bonds and other structured credit instruments, allowing it to participate in the credit markets with an emphasis on risk management and relative value opportunities.

HFRO’s investment approach combines both fundamental credit analysis and opportunistic trading. The fund allocates across senior secured loans, secured and unsecured bonds, and select special-situation investments, including debt of middle-market companies undergoing corporate events or restructuring. By maintaining broad sector diversification and actively managing interest rate exposure, the fund seeks to deliver a steady income stream while preserving capital through market cycles. In addition to its core credit holdings, HFRO may selectively hold convertible securities and preferred equity to capture upside in improving credit environments.

The fund is advised by Highland Capital Management Fund Advisors, L.P., a Dallas-based investment management firm founded in 1993 by James Dondero and Mark Okada. Under the oversight of a seasoned management team, including senior portfolio managers with extensive credit-markets experience, the fund leverages the broader research and trading capabilities of its parent firm. Highland Capital Management serves a global client base of institutional and individual investors, drawing on its longstanding expertise in alternative credit strategies and multi-asset portfolio construction across North America and international markets.

Key Stats

• Today's Range: $5.24 to $5.30
• 50-Day Range: $5.04 to $5.28
• 52-Week Range: $4.24 to $6.43
• Volume: 71,885 shs
• Average Volume: 271,967 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: 8.74%
• Price Target: N/A
• Consensus Rating: N/A

HFRO Stock Analysis - Frequently Asked Questions

How have HFRO shares performed this year?

Highland Funds I - Highland Opportunities and Income Fund's stock was trading at $5.19 on January 1st, 2025. Since then, HFRO shares have increased by 1.5% and is now trading at $5.27.

Who are Highland Funds I - Highland Opportunities and Income Fund's major shareholders?

Highland Funds I - Highland Opportunities and Income Fund's top institutional shareholders include Park Avenue Securities LLC.
View institutional ownership trends.

How do I buy shares of Highland Funds I - Highland Opportunities and Income Fund?

Shares of HFRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Highland Funds I - Highland Opportunities and Income Fund own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Highland Funds I - Highland Opportunities and Income Fund investors own include Medical Properties Trust (MPW), AGNC Investment (AGNC), Annaly Capital Management (NLY), Cohen & Steers Infrastructure Fund (UTF), Rithm Capital (RITM), Mplx (MPLX) and Black Stone Minerals (BSM).

Company Calendar

• Record date for 6/30 Dividend: 6/23/2025
• Ex-Dividend for 6/30 Dividend: 6/23/2025
• Dividend Payable: 6/30/2025
• Today: 7/15/2025
• Record date for 7/31 Dividend: 7/24/2025
• Ex-Dividend for 7/31 Dividend: 7/24/2025
• Dividend Payable: 7/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Financial Services
• Industry: Asset Management
• Sub-Industry: Financial Services
• Current Symbol: NYSE:HFRO
• CIK: 1710680
• Web: www.highlandfunds.com
• Phone: 214-276-6300
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: -$23.81 million
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A