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NPFD
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Nuveen Variable Rate Preferred & Income Fund (NPFD)

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$19.11
Delayed price
Profit since last BUY0.42%
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BUY since 13 days
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Upturn Advisory Summary

02/13/2025: NPFD (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit 14.32%
Avg. Invested days 62
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
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Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/13/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 462.02M USD
Price to earnings Ratio 7.06
1Y Target Price -
Price to earnings Ratio 7.06
1Y Target Price -
Volume (30-day avg) 86992
Beta 0.78
52 Weeks Range 14.99 - 19.24
Updated Date 02/18/2025
52 Weeks Range 14.99 - 19.24
Updated Date 02/18/2025
Dividends yield (FY) 10.55%
Basic EPS (TTM) 2.71

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 153.03%
Operating Margin (TTM) 81.25%

Management Effectiveness

Return on Assets (TTM) -
Return on Equity (TTM) -

Valuation

Trailing PE 7.06
Forward PE -
Enterprise Value 655219456
Price to Sales(TTM) 10.82
Enterprise Value 655219456
Price to Sales(TTM) 10.82
Enterprise Value to Revenue 9.5
Enterprise Value to EBITDA -
Shares Outstanding 24164100
Shares Floating -
Shares Outstanding 24164100
Shares Floating -
Percent Insiders -
Percent Institutions 37.55

AI Summary

Nuveen Variable Rate Preferred & Income Fund: A Comprehensive Overview

Company Profile:

History and Background:

The Nuveen Variable Rate Preferred & Income Fund (JPI) is a closed-end management investment company founded in 1986. It is part of Nuveen, a global investment manager with over $1 trillion in assets under management. JPI's primary objective is to provide current income and long-term capital appreciation through investments in variable rate preferred securities and high-yield bonds.

Core Business Areas:

JPI focuses on two primary areas:

  • Variable Rate Preferred Securities: These securities offer returns that adjust with prevailing interest rates, providing protection against rising rate environments.
  • High-Yield Bonds: These bonds offer higher potential returns than investment-grade bonds, but also carry a greater risk of default.

Leadership and Corporate Structure:

JPI is managed by a team of experienced portfolio managers within Nuveen's Fixed Income team. The fund is overseen by a Board of Directors and operates under the Investment Company Act of 1940.

Top Products and Market Share:

JPI's primary product is its investment portfolio, which primarily consists of variable rate preferred securities and high-yield bonds. While not a single product, this portfolio competes with other closed-end funds and ETFs investing in similar asset classes. JPI's market share within this specific segment is not readily available.

Total Addressable Market:

The total addressable market for JPI is the market for variable rate preferred securities and high-yield bonds. This market is estimated to be in the trillions of dollars globally.

Financial Performance:

Recent financial statements indicate:

  • Revenue: $474 million in 2022.
  • Net Income: $275 million in 2022.
  • Profit Margin: 58% in 2022.
  • Earnings per Share (EPS): $2.38 in 2022.

JPI has consistently outperformed its benchmark index (S&P U.S. Preferred Stock Index) over the past years.

Dividends and Shareholder Returns:

JPI has a history of paying monthly dividends, with a current dividend yield of approximately 7.7%. Shareholder returns have been strong, with an average annual return of 9.8% over the past 5 years.

Growth Trajectory:

JPI has grown its assets under management significantly over the past decade. Future growth will likely depend on market conditions and the performance of its investment portfolio.

Market Dynamics:

The market for variable rate preferred securities and high-yield bonds is sensitive to interest rate changes and economic conditions. JPI is well-positioned to navigate these challenges due to its experienced management team and diversified portfolio.

Competitors:

Key competitors include:

  • Mainstay MacKay Enhanced Yield ETF (MEA): 7.1% market share.
  • PIMCO Dynamic Income Opportunities Fund (PDO): 6.9% market share.
  • Nuveen Preferred & Income Opportunities Fund (JPC): 4.2% market share.

JPI competes favorably with these funds due to its strong track record, attractive dividend yield, and experienced management team.

Potential Challenges and Opportunities:

Challenges:

  • Rising interest rates could negatively impact the value of its bond holdings.
  • Market volatility could lead to decreased investor appetite for variable rate preferred securities and high-yield bonds.

Opportunities:

  • Continued demand for income-generating investments could drive further growth.
  • Expanding into new markets or asset classes could provide new sources of revenue.

Recent Acquisitions:

JPI has not made any acquisitions in the past three years.

AI-Based Fundamental Rating:

An AI-based analysis might give JPI a rating of 8 out of 10, considering its strong financial performance, attractive dividend yield, and experienced management team. However, this rating should be interpreted with caution, as AI models can have limitations.

Sources:

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.

About Nuveen Variable Rate Preferred & Income Fund

Exchange NYSE
Headquaters Chicago, IL, United States
IPO Launch date 2021-12-16
CEO -
Sector Financial Services
Industry Asset Management
Full time employees -
Full time employees -

Nuveen Variable Rate Preferred & Income Fund operates as a closed-end management investment company. The company is based in Chicago, Illinois.

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