Stock fact sheet · data as of
RiverNorth Opportunities Fund, Inc. (RIV): fair value, margin of safety and Wheel Score
Financial Services · Asset Management · United States · Speculative / Distressed
Is RIV undervalued?
At 10.06 (close of 16 Oct 2026), RIV trades 67% below the GLS average fair value of 30.14. That average comes from 6 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns RiverNorth Opportunities Fund, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between EPV (15.09) and Graham Growth (54.18). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files RIV under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for RIV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 21.86 | +117% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 54.18 | +439% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 21.93 | +118% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 44.82 | +346% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 22.98 | +128% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 15.09 | +50% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.2521 | -97% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
RiverNorth Opportunities Fund, Inc. scores only 0 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability RIV scores 5.0/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are moderate - ROIC 8.3%, ROE 8.7%, ROA 8.2% - with debt at 0.05 times equity and negative free cash flow.
The dividend yield is high at 15.53% (payout ratio 49%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 4/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 0 / 9 | ROIC | 8.3% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 8.7% |
| Debt / equity | 0.05 | ROA | 8.2% |
| Free-cash-flow yield | -0.1% | Payout ratio | 49% |
| Institutions | 4 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 39: No options
No options are listed on RiverNorth Opportunities Fund, Inc. in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 224k shares a day on a market cap of $275M, with a beta of 0.66 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 8 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 67% margin of safety | |
| Health | 0 / 20 | Piotroski 0/9 | |
| Moat | 8 / 15 | moat 5.0/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 8 / 20 | 224k shares/day, $275M cap, beta 0.66 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for RIV in the nightly calendar. The shares go ex-dividend on 16 Oct 2026 (0.1306 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to RiverNorth Opportunities Fund, Inc. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RFI Cohen & Steers Total Return Realty Fund, Inc. | 10.32 | 22.04 | +53% | 39No options | $276M |
| NCA Nuveen California Municipal Value Fund | 8.34 | 4.47 | -87% | 23No options | $276M |
| VALSX Value Line Select Growth Fund | 30.01 | 25.91 | -16% | 36No options | $274M |
| ARDC Ares Dynamic Credit Allocation Fund, Inc. | 11.35 | 10.57 | -7% | 35No options | $272M |
| RFMZ RiverNorth Flexible Municipal Income Fund II, Inc. | 11.50 | 25.91 | +56% | 39No options | $280M |
| AFB AllianceBernstein National Municipal Income Fund | 9.76 | 14.94 | +35% | 39No options | $281M |
| TNBIX 1290 SmartBeta Equity Fund Class I | 21.59 | 7.36 | -193% | 20No options | $282M |
| AINTX Ariel International Investor | 18.02 | 78.36 | +77% | 39No options | $268M |
| NBH Neuberger Municipal Fund Inc. | 9.04 | 18.87 | +52% | 39No options | $268M |
| MIN Aberdeen Intermediate Income Fund | 14.10 | 12.90 | -9% | 28No options | $267M |
| DBL DoubleLine Opportunistic Credit Fund | 13.52 | 19.61 | +31% | 39No options | $267M |
| GECCG Great Elm Capital Corp. 7.75% Notes Due 2030 | 24.54 | 55.78 | +56% | 34No options | $284M |
⚖ Compare RIV with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about RIV
Is RIV undervalued right now?
By the GLS models, yes: at 10.06 the stock is 67% below the average fair value of 30.14 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of RIV and what does it mean?
RIV has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for RIV?
30.14 per share as of 16 Oct 2026 - the simple average of the 6 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does RiverNorth Opportunities Fund, Inc. report earnings next?
No upcoming earnings date is recorded for RIV in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does RIV have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on RIV, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.