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    rmm-img

    RiverNorth Managed Duration Municipal Income Fund Inc, Common Stock

    RMM

    NYQ

    $15.4

    -$0.23

    (-1.47%)

    1D
    Industry: Capital Markets Sector: Financials

    Analyst Forecast

    Overview Returns Financials Ratios News FAQs

    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.
     $309.30M
    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.
     12.2109
    Volume info-icon
    This is the total number of shares traded during the most recent trading day.
     49.42K
    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).
     8.5%
    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).
    $13.02 L
    $16.19 H
    $15.4

    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 Return-3.39%-1.63%-0.57%
    1-Month Return-1.16%-0.38%1.21%
    3-Month Return-2.96%11.39%7.57%
    6-Month Return0.98%21.58%11.45%
    1-Year Return5.62%33.28%28.48%
    3-Year Return-22.96%28.35%29.52%
    5-Year Return-20.62%61.45%90.66%
    10-Year Return-22.96%214.35%203.75%

    Financials

    Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
    Total Revenue18.45M69.20M(60.83M)19.11M25.43M[{"date":"2019-12-31","value":26.67,"profit":true},{"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}]
    Cost of Revenue12.08M10.17M10.52M--[{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":84.2,"profit":true},{"date":"2021-12-31","value":87.08,"profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
    Gross Profit6.38M69.20M(60.83M)19.11M25.43M[{"date":"2019-12-31","value":9.21,"profit":true},{"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}]
    Gross Margin34.55%100.00%100.00%100.00%100.00%[{"date":"2019-12-31","value":34.55,"profit":true},{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
    Operating Expenses26.79K42.19K51.30K75.88K25.43M[{"date":"2019-12-31","value":0.11,"profit":true},{"date":"2020-12-31","value":0.17,"profit":true},{"date":"2021-12-31","value":0.2,"profit":true},{"date":"2022-12-31","value":0.3,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
    Operating Income6.35M70.86M(58.81M)19.03M25.27M[{"date":"2019-12-31","value":8.96,"profit":true},{"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}]
    Total Non-Operating Income/Expense-6.57M8.81M-28.89M[{"date":"2019-12-31","value":"-","profit":true},{"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}]
    Pre-Tax Income(17.32M)69.16M(60.89M)19.03M25.27M[{"date":"2019-12-31","value":-25.04,"profit":false},{"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}]
    Income Taxes(47.51M)(206.30K)(236.56K)(228.49K)-[{"date":"2019-12-31","value":-4751028000,"profit":false},{"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}]
    Income After Taxes-69.37M(60.65M)19.26M-[{"date":"2019-12-31","value":"-","profit":true},{"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}]
    Income From Continuous Operations-69.16M(60.89M)19.03M25.27M[{"date":"2019-12-31","value":"-","profit":true},{"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}]
    Income From Discontinued Operations-----[{"date":"2019-12-31","value":"-","profit":true},{"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}]
    Net Income(17.32M)69.16M(60.89M)19.03M25.27M[{"date":"2019-12-31","value":-25.04,"profit":false},{"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}]
    EPS (Diluted)-0.291.78(2.88)-[{"date":"2019-12-31","value":"-","profit":true},{"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}]

    Ratios

    Liquidity

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

    RMM
    Cash Ratio 0.00
    Current Ratio 2.34
    Quick Ratio 0.00

    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. 0.39
    Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.61

    Valuation

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

    RMM
    Trailing PE 12.03
    Forward PE NM
    P/S (TTM) 11.95
    P/B 0.94
    Price/FCF 136
    EV/R 19.90
    EV/Ebitda NM

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    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 $15.4

    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 $16.19. The 52-week low price of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is $13.02.

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

    The price-to-earnings (P/E) ratio of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is 12.2109

    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 0.94

    What is RiverNorth Managed Duration Municipal Income Fund Inc dividend yield?

    The dividend yield of RiverNorth Managed Duration Municipal Income Fund Inc (RMM) is 8.5%

    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 $309.30M

    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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