FLC Stock Summary and Trading Ideas (Flaherty & Crumrine Total Return | NYSE:FLC)

The Fund’s investment objective is high current income for holders of its common stock. The Fund's secondary investment objective is capital appreciation. At least 80% of the Fund's total assets will be invested in a diversified portfolio of preferred securities and other income-producing securities consisting of various debt securities. The portion of the Fund's assets invested in preferred securities, on the one hand, and debt securities, on the other, will vary from time to time consistent with the Fund's investment objectives, although the Fund will normally invest at least 50% of its total assets in preferred securities. At least 80% of the Fund's holdings of preferred and debt securities will be investment grade quality at the time of purchase. Up to 20% of the Fund's total assets may be invested in securities rated below-investment grade as long as they are rated at least Ba3 or BB- or issued by a company with outstanding investment-grade senior debt. Preferred and debt securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to capacity to pay dividends and interest and repay principal. Due to the risks involved in investing in preferred and debt securities of below investment grade quality, an investment in the Fund should be considered speculative. Under normal market conditions, the Fund will invest 25% or more of its total assets in securities of companies in each of the utilities industry and the banking industry. The Fund's investment adviser intends to pursue strategies that include, among other things, hedging, which it expects generally to result in the Fund’s income increasing in response to significant increases in long-term interest rates while being relatively resistant to the impact of declines in long-term interest rates.

Flaherty & Crumrine Total Return trades on the NYSE stock market under the symbol FLC.

As of April 25, 2024, FLC stock price declined to $14.66 with 30,056 million shares trading.

FLC has a beta of 0.80, meaning it tends to be less sensitive to market movements. FLC has a correlation of 0.34 to the broad based SPY ETF.

FLC has a market cap of $153.30 million. This is considered a Micro Cap stock.

In the last 3 years, FLC stock traded as high as $25.19 and as low as $12.62.

FLC has underperformed the market in the last year with a return of +6.7%, while the SPY ETF gained +25.6%. In the last 3 month period, FLC fell short of the market, returning -0.7%, while SPY returned +3.5%. However, in the most recent 2 weeks FLC has outperformed the stock market by returning -1.2%, while SPY returned -2.8%.

FLC support price is $14.72 and resistance is $14.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FLC stock will trade within this expected range on the day.