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About the company
Federated Hermes Premier Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The investment objective of the Fund is to provide current income exempt from federal income tax, including the federal alternative minimum tax (AMT). The Fund normally invests substantially all (at least 90%) of its total assets in tax-exempt securities, and normally invests at least 80% of its total assets in investment grade tax-exempt securities. The Fund may invest up to 20% of its total assets in tax-exempt securities of below investment grade quality (but not lower than B, including modifiers, sub-categories or gradations). The Fund invests in various sectors, including hospital, tobacco, toll road, senior care, airport, water and sewer, and other utility. The Fund’s investment advisor is Federated Investment Management Company.
- Revenue in USD (TTM)--
- Net income in USD--
- Incorporated2002
- Employees0.00
- LocationFederated Hermes Premier Municipal Inc4000 Ericsson DrWARRENDALE 15086-7561United StatesUSA
- Phone+1 (800) 341-7400
- Fax+1 (302) 492-1453
- Websitehttps://www.federatedinvestors.com/products/closed-end-funds/premier-municipal-income.do
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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RMG Acquisition Corp III | 0.00 | -5.55m | 123.93m | -- | -- | -- | -- | -- | -0.4974 | -0.4974 | 0.00 | -0.8687 | 0.00 | -- | -- | -- | -2.25 | -- | -2.29 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 127.53 | -- | -- | -- |
| Nuveen Arizona Premium Income Mun Fd | -100.00bn | -100.00bn | 123.96m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Evergreen Corp | 0.00 | 3.88m | 124.30m | -- | 31.79 | 1.67 | -- | -- | 0.3586 | 0.3586 | 0.00 | 6.83 | 0.00 | -- | -- | -- | 3.90 | -- | 3.96 | -- | -- | -- | -- | -- | -- | -- | 0.0375 | -- | -- | -- | 18,743.21 | -- | -- | -- |
| New Providence Acquisition Corp II | 0.00 | 3.36m | 124.62m | 3.00 | 69.06 | 2.80 | 37.12 | -- | 0.1567 | 0.1567 | 0.00 | 3.86 | 0.00 | -- | -- | 0.00 | 2.13 | -- | 2.16 | -- | -- | -- | -- | -- | -- | -- | 0.0065 | -- | -- | -- | 104.56 | -- | -- | -- |
| Athena Technology Acquisition Corp II | 0.00 | 2.49m | 124.91m | -- | 272.51 | 11.15 | 50.12 | -- | 0.0412 | 0.0412 | 0.00 | 1.01 | 0.00 | -- | -- | -- | 1.75 | -- | 1.79 | -- | -- | -- | -- | -- | -- | -- | 0.0122 | -- | -- | -- | 1,324.42 | -- | -- | -- |
| Kensington Capital Acquisition Corp V | 0.00 | 9.49m | 125.18m | 0.00 | 29.63 | 3.73 | 15.12 | -- | 0.3692 | 0.3692 | 0.00 | 2.94 | 0.00 | -- | -- | -- | 5.66 | -- | 5.73 | -- | -- | -- | -- | -- | -- | -- | 0.0317 | -- | -- | -- | -67.51 | -- | -- | -- |
| OFS Capital Corp | 56.94m | -465.00k | 127.15m | 51.00 | -- | 0.7848 | -- | 2.23 | -0.0347 | -0.0347 | 4.25 | 12.09 | 0.115 | -- | 25.77 | 1,116,529.00 | -0.0939 | 2.42 | -0.0954 | 2.49 | 44.26 | 43.73 | -0.8166 | 24.68 | -- | 0.9901 | 0.6491 | 121.16 | 16.82 | 5.86 | 93.87 | -- | -- | -0.2959 |
| Western Asset Premier Bond Fund | -100.00bn | -100.00bn | 128.15m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Federated Hermes Premier Muncpl Incm Fnd | -100.00bn | -100.00bn | 128.43m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| John Hancock Income Securities Trust | -100.00bn | -100.00bn | 129.63m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Western Asset Mortgage Opprtnty Fund Inc | -100.00bn | -100.00bn | 130.46m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Zalatoris II Acquisition Corp | 0.00 | 7.29m | 130.61m | -- | 38.67 | 1.94 | 17.93 | -- | 0.2814 | 0.2814 | 0.00 | 5.62 | 0.00 | -- | -- | -- | 5.02 | -- | 5.11 | -- | -- | -- | -- | -- | -- | -- | 0.003 | -- | -- | -- | -70.46 | -- | -- | -- |
| ContextLogic Inc | 287.00m | -317.00m | 131.26m | 452.00 | -- | 0.6007 | -- | 0.4574 | -13.38 | -13.38 | 12.09 | 8.96 | 0.4697 | -- | 27.33 | 634,955.80 | -51.88 | -29.10 | -88.42 | -67.22 | 20.56 | 59.38 | -110.45 | -26.22 | -- | -- | 0.00 | -- | -49.74 | -30.17 | 17.45 | -- | -31.57 | -- |
| Flaherty & Crumrine Pref and Incm Fd Inc | -100.00bn | -100.00bn | 131.48m | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Everest Consolidator Acquisition Corp | 0.00 | -10.04m | 131.56m | -- | -- | 1.54 | -- | -- | -0.4796 | -0.4796 | 0.00 | 7.29 | 0.00 | -- | -- | -- | -6.13 | -- | -6.55 | -- | -- | -- | -- | -- | -- | -- | 0.0208 | -- | -- | -- | -6,436.52 | -- | -- | -- |
| Arrowmark Financial Corp | 27.94m | 20.25m | 132.02m | -- | 6.52 | 0.8666 | -- | 4.73 | 2.85 | 2.85 | 3.93 | 21.43 | 0.1355 | -- | 6.34 | -- | 9.82 | 5.98 | 13.48 | 8.00 | 69.54 | 66.93 | 72.48 | 60.87 | -- | -- | 0.2279 | 100.23 | 38.26 | 11.37 | 277.34 | 15.08 | -- | -0.4866 |
Data as of May 03 2024. Currency figures normalised to Federated Hermes Premier Municipal Inc's reporting currency: US Dollar USD
34.00%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Saba Capital Management LPas of 02 Apr 2024 | 1.65m | 14.36% |
| RiverNorth Capital Management LLCas of 31 Dec 2023 | 444.65k | 3.87% |
| 1607 Capital Partners LLCas of 31 Dec 2023 | 317.40k | 2.76% |
| Hennion & Walsh Asset Management, Inc.as of 31 Mar 2024 | 263.85k | 2.30% |
| Advisor Partners II LLCas of 31 Dec 2023 | 254.91k | 2.22% |
| City of London Investment Management Co. Ltd.as of 31 Dec 2023 | 240.34k | 2.09% |
| Guggenheim Partners Investment Management LLCas of 31 Dec 2023 | 230.69k | 2.01% |
| Logan Stone Capital LLCas of 31 Dec 2023 | 183.30k | 1.59% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. (Invt Mgmt)as of 31 Dec 2023 | 180.19k | 1.57% |
| AQR Arbitrage LLCas of 31 Dec 2023 | 143.07k | 1.24% |
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
