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About the company
Rivernorth Flexible Municipal Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income exempt from regular United States federal income taxes. Its secondary investment objective is total return. The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. The Fund’s investment adviser is RiverNorth Capital Management, LLC.
- Revenue in USD (TTM)7.15m
- Net income in USD5.90m
- Incorporated2019
- Employees--
- LocationRiverNorth Flexible Municipal Income360 S. Rosemary Ave, Suite 1420WEST PALM BEACH 33401United StatesUSA
- Phone+1 (561) 484-7185
- Websitehttps://www.rivernorth.com/rfm
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Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SuRo Capital Corp | 6.83m | -21.62m | 96.92m | 11.00 | -- | 0.579 | -- | 14.20 | -0.8385 | -0.8385 | 0.2678 | 7.17 | 0.0249 | -- | 56.26 | 620,526.40 | -7.89 | 6.56 | -7.95 | 7.67 | 28.81 | 24.51 | -316.67 | 803.39 | -- | -1.36 | 0.2889 | 199.75 | 90.87 | 32.46 | 103.83 | 41.55 | -- | -- |
| Pioneer Diversified High Income Fund Inc | 13.56m | 22.36m | 97.18m | -- | 4.34 | 0.7497 | -- | 7.17 | 2.68 | 2.68 | 1.63 | 15.55 | 0.0737 | -- | 9.52 | -- | 12.16 | 4.61 | 12.32 | 4.74 | 81.25 | 76.55 | 164.97 | 65.74 | -- | -- | 0.3266 | 117.71 | -5.59 | -3.80 | 283.35 | -- | -- | -2.19 |
| Nuveen Mortgage and Income Fund | -100.00bn | -100.00bn | 97.21m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Trailblazer Merger Corporation I | 0.00 | 1.97m | 97.41m | -- | 49.50 | 1.37 | -- | -- | 0.2182 | 0.2182 | 0.00 | 7.86 | 0.00 | -- | -- | -- | 2.69 | -- | 2.73 | -- | -- | -- | -- | -- | -- | -- | 0.0141 | -- | -- | -- | 33,613.68 | -- | -- | -- |
| IX Acquisition Corp | 0.00 | 1.84m | 97.74m | 0.00 | 40.07 | 4.61 | -- | -- | 0.2838 | 0.2838 | 0.00 | 2.47 | 0.00 | -- | -- | -- | 1.37 | -- | 1.40 | -- | -- | -- | -- | -- | -- | -1.04 | 0.099 | -- | -- | -- | -56.73 | -- | -- | -- |
| Gablli Globl Small and Mid Cap Valu Trst | 2.97m | 9.98m | 97.99m | -- | 10.12 | 0.8446 | -- | 33.00 | 1.16 | 1.16 | 0.354 | 13.89 | 0.0211 | -- | 14.72 | -- | 7.08 | 5.53 | 7.11 | 5.63 | -1.90 | 4.14 | 336.10 | 361.77 | -- | -- | 0.1208 | 73.73 | 13.77 | -1.05 | 128.89 | -- | -- | -- |
| Carlyle Credit Income Fund | 16.03m | -12.84m | 98.54m | -- | -- | 1.07 | -- | 6.15 | -0.9791 | -0.9791 | 1.26 | 7.88 | 0.1235 | -- | 3.75 | -- | -9.89 | -- | -10.17 | -- | 38.59 | -- | -80.09 | -- | -- | 0.292 | 0.3403 | -- | -15.26 | -- | -277.85 | -- | -- | -- |
| RiverNorth Flexible Muncpl Incme Fnd Inc | 7.15m | 5.90m | 100.04m | -- | 16.95 | 0.9641 | -- | 13.99 | 0.9654 | 0.9654 | 1.17 | 16.97 | 0.0399 | -- | 3.77 | -- | 3.29 | -- | 3.32 | -- | 27.58 | -- | 82.53 | -- | -- | -- | 0.3723 | -- | 1.28 | -- | 112.63 | -- | -- | -- |
| MFS Government Markets Income Trust | -100.00bn | -100.00bn | 100.07m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Rivernorth Opprtnstc Mncpl Incme Fnd Inc | 7.42m | 6.07m | 100.97m | -- | 16.64 | 0.9218 | -- | 13.61 | 0.9519 | 0.9519 | 1.16 | 17.18 | 0.0392 | -- | 3.64 | -- | 3.20 | -- | 3.35 | -- | 32.97 | -- | 81.78 | -- | -- | -- | 0.384 | -- | 2.68 | -- | 114.10 | -- | -- | -- |
| MV Oil Trust | 18.44m | 17.42m | 101.09m | 0.00 | 5.80 | 20.46 | -- | 5.48 | 1.52 | 1.52 | 1.60 | 0.4296 | 3.20 | -- | -- | -- | 302.01 | 148.83 | 302.01 | 148.83 | -- | -- | 94.48 | 92.51 | -- | -- | 0.00 | 100.00 | -33.58 | 1.05 | -34.23 | 0.5571 | -- | 1.30 |
| Lvpai Group Ltd | 0.00 | -38.59k | 101.10m | 45.00 | -- | -- | -- | -- | -0.0026 | -0.0026 | 0.00 | -0.0011 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -10.51 | -- | -- | -- |
| Eaton Vance Senior Income Trust | -100.00bn | -100.00bn | 101.85m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| PowerUp Acquisition Corp | 0.00 | 4.46m | 102.23m | -- | 77.07 | 5.22 | 22.90 | -- | 0.1475 | 0.1475 | 0.00 | 2.18 | 0.00 | -- | -- | -- | 2.79 | -- | 2.79 | -- | -- | -- | -- | -- | -- | -- | 0.0006 | -- | -- | -- | 33.65 | -- | -- | -- |
| Alpha Star Acquisition Corp | 0.00 | 4.60m | 102.37m | -- | 35.13 | 1.54 | 22.23 | -- | 0.3256 | 0.3256 | 0.00 | 7.44 | 0.00 | -- | -- | -- | 4.27 | -- | 4.51 | -- | -- | -- | -- | -- | -- | -- | 0.0504 | -- | -- | -- | 2,208.42 | -- | -- | -- |
| Acres Commercial Realty Corp | 219.51m | 5.94m | 102.67m | 0.00 | 18.43 | 0.2291 | 9.80 | 0.4677 | 0.7001 | 0.7001 | 26.13 | 56.31 | 0.0984 | -- | 17.95 | -- | 1.10 | -0.8717 | 1.16 | -0.8858 | 37.14 | 19.07 | 11.15 | -17.06 | -- | -- | 0.7858 | -- | 40.91 | 12.43 | 133.73 | -15.41 | -- | -- |
Data as of Jun 10 2024. Currency figures normalised to RiverNorth Flexible Municipal Income's reporting currency: US Dollar USD
8.68%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Wells Fargo Clearing Services LLCas of 31 Mar 2024 | 120.77k | 1.98% |
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| RBC Capital Markets LLC (Investment Management)as of 31 Mar 2024 | 69.14k | 1.13% |
| Wedbush Securities, Inc. (Investment Management)as of 31 Mar 2024 | 61.81k | 1.01% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Mar 2024 | 55.97k | 0.92% |
| LPL Financial LLCas of 31 Mar 2024 | 47.72k | 0.78% |
| Raymond James & Associates, Inc. (Invt Mgmt)as of 31 Mar 2024 | 21.48k | 0.35% |
| Wells Fargo Advisors Financial Network LLCas of 31 Mar 2024 | 20.98k | 0.34% |
| Fairhaven Wealth Management LLCas of 31 Mar 2024 | 18.24k | 0.30% |
| Stifel Nicolaus & Co., Inc. (Investment Management)as of 31 Mar 2024 | 17.40k | 0.28% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
