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RiverNorth Managed Duration Municipal Income Fund Inc, Common Stock

RMM

NYQ

$13.92

+$0.01

(0.07%)

1D
Industry: Capital Markets Sector: Financials

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$274.58M
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
0
Volume info-icon
This is the total number of shares traded during the most recent trading day.
139.32K
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
0
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
0.00%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
0
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$12.06 L
$15.28 H
$13.92

About RiverNorth Managed Duration Municipal Income Fund Inc, Common Stock

Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States. more

Industry: Capital MarketsSector: Financials

Returns

Time FrameRMMSectorS&P500
1-Week Return1.16%1.3%1.33%
1-Month Return2.2%2.55%2.18%
3-Month Return3.25%6.47%9.09%
6-Month Return-3.23%9.59%15.92%
1-Year Return-12.51%19.32%16.83%
3-Year Return-9.61%61.27%68.52%
5-Year Return-18.26%117.73%93.38%
10-Year Return-30.37%183.03%232.15%

Financials

Dec '20Dec '21Dec '22Dec '23Dec '245YR TREND
Total Revenue69.20M(60.83M)19.11M25.43M(5.14M)[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-87.91,"profit":false},{"date":"2022-12-31","value":27.61,"profit":true},{"date":"2023-12-31","value":36.75,"profit":true},{"date":"2024-12-31","value":-7.43,"profit":false}]
Cost of Revenue10.17M10.52M--7.47M[{"date":"2020-12-31","value":96.7,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":71.03,"profit":true}]
Gross Profit69.20M(60.83M)19.11M25.43M(12.61M)[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-87.91,"profit":false},{"date":"2022-12-31","value":27.61,"profit":true},{"date":"2023-12-31","value":36.75,"profit":true},{"date":"2024-12-31","value":-18.23,"profit":false}]
Gross Margin100.00%100.00%100.00%100.00%245.26%[{"date":"2020-12-31","value":40.77,"profit":true},{"date":"2021-12-31","value":40.77,"profit":true},{"date":"2022-12-31","value":40.77,"profit":true},{"date":"2023-12-31","value":40.77,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Operating Expenses42.19K51.30K75.88K167.36K244.18K[{"date":"2020-12-31","value":17.28,"profit":true},{"date":"2021-12-31","value":21.01,"profit":true},{"date":"2022-12-31","value":31.07,"profit":true},{"date":"2023-12-31","value":68.54,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Operating Income70.86M(58.81M)19.03M25.27M(12.86M)[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-83,"profit":false},{"date":"2022-12-31","value":26.86,"profit":true},{"date":"2023-12-31","value":35.66,"profit":true},{"date":"2024-12-31","value":-18.15,"profit":false}]
Total Non-Operating Income/Expense6.57M8.81M-28.89M-[{"date":"2020-12-31","value":22.76,"profit":true},{"date":"2021-12-31","value":30.5,"profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":"-","profit":true}]
Pre-Tax Income69.16M(60.89M)19.03M25.27M(12.86M)[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-88.03,"profit":false},{"date":"2022-12-31","value":27.51,"profit":true},{"date":"2023-12-31","value":36.53,"profit":true},{"date":"2024-12-31","value":-18.59,"profit":false}]
Income Taxes(206.30K)(236.56K)(228.49K)--[{"date":"2020-12-31","value":-20629700,"profit":false},{"date":"2021-12-31","value":-23655800,"profit":false},{"date":"2022-12-31","value":-22848500,"profit":false},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]
Income After Taxes69.37M(60.65M)19.26M--[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-87.43,"profit":false},{"date":"2022-12-31","value":27.76,"profit":true},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]
Income From Continuous Operations69.16M(60.89M)19.03M25.27M(12.86M)[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-88.03,"profit":false},{"date":"2022-12-31","value":27.51,"profit":true},{"date":"2023-12-31","value":36.53,"profit":true},{"date":"2024-12-31","value":-18.59,"profit":false}]
Income From Discontinued Operations-----[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]
Net Income69.16M(60.89M)19.03M25.27M(12.86M)[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-88.03,"profit":false},{"date":"2022-12-31","value":27.51,"profit":true},{"date":"2023-12-31","value":36.53,"profit":true},{"date":"2024-12-31","value":-18.59,"profit":false}]
EPS (Diluted)0.291.78(2.88)--[{"date":"2020-12-31","value":16.29,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":-161.8,"profit":false},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

RMM
Cash Ratio 0.07
Current Ratio 3.37

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.

RMM
ROA (LTM) 0.00%
ROE (LTM) -1666.11%

Liabilities

These ratios help you understand the company's liabilities, gauging the riskiness of the investment.

RMM
Debt Ratio Lower is generally better. Negative is bad. 0.40
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.60

Valuation

These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.

RMM
Trailing PE NM
Forward PE NM
P/S (TTM) 13.49
P/B 0.95
Price/FCF 123
EV/R 22.41
EV/Ebitda NM

FAQs

What is RiverNorth Managed Duration Municipal Income Fund Inc share price today?

RiverNorth Managed Duration Municipal Income Fund Inc (RMM) share price today is $13.92

Can Indians buy RiverNorth Managed Duration Municipal Income Fund Inc shares?

Yes, Indians can buy shares of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) on Vested. To buy RiverNorth Managed Duration Municipal Income Fund Inc from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in RMM stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of RiverNorth Managed Duration Municipal Income Fund Inc be purchased?

Yes, you can purchase fractional shares of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) via the Vested app. You can start investing in RiverNorth Managed Duration Municipal Income Fund Inc (RMM) with a minimum investment of $1.

How to invest in RiverNorth Managed Duration Municipal Income Fund Inc shares from India?

You can invest in shares of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) via Vested in three simple steps:

  • Click on Sign Up or Invest in RMM stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in RiverNorth Managed Duration Municipal Income Fund Inc shares
What is RiverNorth Managed Duration Municipal Income Fund Inc 52-week high and low stock price?

The 52-week high price of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is $15.28. The 52-week low price of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is $12.06.

What is RiverNorth Managed Duration Municipal Income Fund Inc price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is 0.95

What is the Market Cap of RiverNorth Managed Duration Municipal Income Fund Inc?

The market capitalization of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is $274.58M

What is RiverNorth Managed Duration Municipal Income Fund Inc’s stock symbol?

The stock symbol (or ticker) of RiverNorth Managed Duration Municipal Income Fund Inc is RMM

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