Equities

RiverNorth Flexible Municipal Income

RFM:NYQ

RiverNorth Flexible Municipal Income

Actions
FinancialsClosed End Investments
  • Price (USD)16.17
  • Today's Change0.07 / 0.43%
  • Shares traded6.01k
  • 1 Year change+6.10%
  • Beta0.5986
Data delayed at least 15 minutes, as of May 17 2024 21:10 BST.
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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--
  • Location
    RiverNorth 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
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/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)
Bangfu Technology Group Co Ltd0.00-54.70k95.41m2.00---------0.0069-0.00690.00-0.0007-----------284.73---2,912.67---------------------3.75------
Nuveen Mortgage and Income Fund-100.00bn-100.00bn96.17m--------------------------------------------------------------
BlueRiver Acquisition Corp0.00-5.28m96.22m----11.03-----0.485-0.4850.000.99950.00-------3.38---3.46--------------0.0542-------162.18------
Bowen Acquisition Corp-100.00bn-100.00bn96.25m----1.34----------7.84----------------------------0.00--------------
IX Acquisition Corp0.004.02m97.14m0.0027.014.43----0.41840.41840.002.550.00------3.02--3.07--------------0.0794-------56.73------
Pioneer Diversified High Income Fund Inc13.56m22.36m97.18m--4.340.7497--7.172.682.681.6315.550.0737--9.52--12.164.6112.324.7481.2576.55164.9765.74----0.3266117.71-5.59-3.80283.35-----2.19
Great Elm Capital Corp33.99m13.84m97.43m0.005.660.80--2.871.821.824.4712.880.126--15.32--5.13-4.785.81-7.3946.8353.8640.71-58.38----0.5883---3.27-3.85-51.66-----19.75
Trailblazer Merger Corporation I0.001.35m97.44m--78.481.38----0.13770.13770.007.820.00------3.64--3.70--------------0.0045------33,613.68------
RiverNorth Flexible Muncpl Incme Fnd Inc7.15m5.90m98.87m--16.750.9529--13.820.96540.96541.1716.970.0399--3.77--3.29--3.32--27.58--82.53------0.3723--1.28--112.63------
Gablli Globl Small and Mid Cap Valu Trst2.97m9.98m99.66m--10.300.859--33.561.161.160.35413.890.0211--14.72--7.085.537.115.63-1.904.14336.10361.77----0.120873.7313.77-1.05128.89------
Mars Acquisition Corp0.002.59m100.17m--37.231.36----0.28960.28960.007.940.00------6.99--7.01--------------0.00------62,094.12------
MFS Government Markets Income Trust-100.00bn-100.00bn101.05m--------------------------------------------------------------
Lvpai Group Ltd0.00-40.08k101.10m45.00---------0.003-0.0030.00-0.001-------------------------------------10.51------
Eaton Vance Senior Income Trust-100.00bn-100.00bn101.53m--------------------------------------------------------------
Rivernorth Opprtnstc Mncpl Incme Fnd Inc7.42m6.07m101.87m--16.790.9299--13.730.95190.95191.1617.180.0392--3.64--3.20--3.35--32.97--81.78------0.384--2.68--114.10------
Alpha Star Acquisition Corp0.004.60m102.01m--35.011.5322.15--0.32560.32560.007.440.00------4.27--4.51--------------0.0504------2,208.42------
Data as of May 17 2024. Currency figures normalised to RiverNorth Flexible Municipal Income's reporting currency: US Dollar USD

Institutional shareholders

8.68%Per cent of shares held by top holders
HolderShares% Held
Wells Fargo Clearing Services LLCas of 31 Mar 2024120.77k1.98%
UBS Financial Services, Inc.as of 31 Mar 202497.30k1.59%
RBC Capital Markets LLC (Investment Management)as of 31 Mar 202469.14k1.13%
Wedbush Securities, Inc. (Investment Management)as of 31 Mar 202461.81k1.01%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Mar 202455.97k0.92%
LPL Financial LLCas of 31 Mar 202447.72k0.78%
Raymond James & Associates, Inc. (Invt Mgmt)as of 31 Mar 202421.48k0.35%
Wells Fargo Advisors Financial Network LLCas of 31 Mar 202420.98k0.34%
Fairhaven Wealth Management LLCas of 31 Mar 202418.24k0.30%
Stifel Nicolaus & Co., Inc. (Investment Management)as of 31 Mar 202417.40k0.28%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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