On May 31, 2025, RiverNorth Capital Management, LLC made a strategic move by increasing its holdings in Saba Capital Income & Opportunities Fund II (SABA, Financial). The firm added 184,237 shares, bringing its total ownership to 2,932,500 shares. This transaction represents a 6.70% increase in RiverNorth's position in SABA, with the stock now accounting for 1.36% of the firm's portfolio. The shares were acquired at a price of $8.72 each, reflecting a calculated decision to bolster its investment in this closed-end fund.

RiverNorth Capital Management, LLC is a prominent investment firm located at 325 N. LaSalle Street, Chicago, IL. Known for its value investing philosophy, the firm manages a diverse portfolio comprising 357 stocks. RiverNorth's top holdings include Blackrock Muniyield Fund Inc (MYD, Financial), Nuveen Quality Municipal Income Fund (NAD, Financial), and Nuveen Municipal Value Fund Inc (NUV, Financial), among others. With an equity value of $1.88 billion, the firm is recognized for its strategic investments in various sectors.

Saba Capital Income & Opportunities Fund II is a closed-end fund that aims to provide high current income and capital appreciation. The fund invests in fixed income markets globally, offering a diversified approach to asset management. As of the latest data, SABA has a market capitalization of $255.571 million and a stock price of $9.045. Despite the lack of GF Valuation data, the fund's current PE percentage of 4.66 indicates profitability.

The recent acquisition by RiverNorth Capital Management, LLC has increased its stake in SABA by 6.70%, with the fund now comprising 1.36% of the firm's portfolio. This transaction had a 0.09% impact on the overall portfolio, highlighting the firm's confidence in SABA's potential. The stock has experienced a 3.73% gain since the transaction, despite a year-to-date price change of -0.17%.

Saba Capital Income & Opportunities Fund II's financial metrics reveal a mixed picture. The fund has a GF Score of 41/100, suggesting poor future performance potential. Its Balance Sheet Rank is 7/10, while the Profitability Rank is 2/10. The fund's Return on Equity (ROE) stands at 21.78, and Return on Assets (ROA) is 12.07, with respective ranks of 210 and 341.

Despite the recent gain, SABA's performance indicators suggest challenges ahead. The fund's Growth Rank is 0/10, and it lacks significant growth in revenue, EBITDA, and earnings over the past three years. The Piotroski F-Score is 5, indicating moderate financial health, while the Altman Z score is unavailable, making it difficult to assess the fund's financial strength comprehensively.

RiverNorth Capital Management, LLC's decision to increase its stake in Saba Capital Income & Opportunities Fund II reflects a strategic move to capitalize on potential income and appreciation opportunities. While the fund's financial metrics present a mixed outlook, the firm's investment underscores its confidence in SABA's ability to deliver value. For value investors, this transaction highlights the importance of thorough analysis and strategic positioning in the ever-evolving market landscape.

RiverNorth Capital Management, LLC Expands Stake in Saba Capital Income & Opportunities Fund II

RiverNorth Capital Management, LLC increased its holdings in Saba Capital Income & Opportunities Fund II (SABA) by 6.70%, bringing its total ownership to 2,932,500 shares. The transaction, which raised RiverNorth's stake to 1.36% of its portfolio, reflects confidence in SABA's potential for income and appreciation. SABA, a closed-end fund with a market cap of $255.571 million, has mixed financial metrics, including a GF Score of 41/100 and a Piotroski F-Score of 5. Despite challenges in growth and profitability, the fund's recent stock price increase of 3.73% highlights its current performance.