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About the company
Putnam Managed Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s objective is to seek a high level of current income exempt from federal income tax. The Fund intends to achieve its objective by investing in a diversified portfolio of tax-exempt municipal securities, which it believes does not involve undue risk to income or principal. Up to 60% of its assets may consist of high-yield tax-exempt municipal securities that are below investment grade and involve special risk considerations. It also uses leverage, primarily by issuing preferred shares in an effort to enhance the returns for the common shareholders. The Fund’s shares trade on a stock exchange at market prices, which may be lower than its net asset value. It invests across various sectors, such as healthcare, education, special tax, transportation and land. The Fund’s investment manager is Putnam Investment Management, LLC (Putnam Management).
- Revenue in USD (TTM)19.31m
- Net income in USD6.90m
- Incorporated1988
- Employees--
- LocationPutnam Managed Municipal Income Trust100 Federal StreetBOSTON 02110United StatesUSA
- Phone+1 (617) 292-1000
- Websitehttps://www.putnam.com/individual/mutual-funds/closed-end-funds/funds/56-managed-municipal-income-trust/
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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Solowin Holdings Ltd | 5.93m | 2.80m | 144.20m | 16.00 | 48.47 | 13.21 | 51.17 | 24.33 | 0.2125 | 0.2125 | 0.4515 | 0.7794 | 0.4779 | -- | 103.98 | 370,437.50 | 22.55 | -- | 43.98 | -- | -- | -- | 47.19 | -- | -- | -- | -- | -- | 36.76 | -- | 237.79 | -- | -- | -- |
| Putnam Master Intermediate Income Trust | 9.55m | 2.66m | 151.58m | -- | 59.79 | 0.9342 | -- | 15.88 | 0.0519 | 0.0519 | 0.1966 | 3.32 | 0.0265 | -- | 0.3427 | -- | 0.7373 | -0.3165 | 1.21 | -0.4765 | 98.00 | 98.17 | 27.85 | -12.08 | -- | 1.53 | 0.00 | -- | -16.39 | -10.28 | 117.52 | -24.06 | -- | -2.39 |
| Nuveen New York Municipal Value Fund | 7.14m | 2.90m | 154.49m | -- | 53.28 | 0.9225 | -- | 21.63 | 0.1535 | 0.1535 | 0.3783 | 8.87 | 0.0416 | -- | 2.77 | -- | 1.69 | 0.9442 | 1.72 | 0.9476 | 87.98 | 86.75 | 40.58 | 24.95 | -- | 1.88 | 0.00 | 345.53 | 14.93 | 0.9362 | -12,225.98 | -- | -- | -3.31 |
| Brookfield Oaktree Holdings LLC | 267.33m | 193.86m | 157.32m | 1.18k | 12.07 | 1.89 | 0.3068 | 0.5885 | 1.81 | 1.81 | 2.51 | 14.06 | 0.0405 | -- | 1.21 | 225,972.10 | 8.18 | 5.40 | 17.34 | 7.73 | 49.56 | 69.10 | 202.06 | 73.67 | -- | -- | 0.1652 | 81.15 | -45.73 | -28.05 | 9.94 | -1.69 | -- | -- |
| Nuveen Virginia Quality Mncpl Incm Fund | 15.57m | 6.34m | 190.36m | -- | 30.02 | 0.8735 | -- | 12.23 | 0.3538 | 0.3538 | 0.8685 | 12.16 | 0.042 | -- | 15.53 | -- | 1.71 | -- | 1.83 | -- | 45.72 | -- | 40.73 | -- | -- | 12.24 | 0.4022 | -- | 3.08 | -- | 67.77 | -- | -- | -- |
| Silvercrest Asset Management Group Inc | 117.41m | 9.09m | 196.69m | 149.00 | 14.74 | 2.38 | 10.25 | 1.68 | 0.959 | 0.959 | 12.42 | 5.95 | 0.5696 | -- | 12.73 | 787,986.60 | 7.37 | 10.02 | 15.55 | 22.23 | -- | -- | 12.93 | 17.83 | -- | -- | 0.0245 | 51.78 | -4.71 | 3.54 | -51.70 | -1.14 | 17.17 | 5.73 |
| Citizens Financial Services Inc | 127.12m | 17.81m | 203.67m | 401.00 | 11.05 | 0.7283 | 10.37 | 2.22 | 3.92 | 3.92 | 20.97 | 59.42 | -- | -- | -- | -- | 0.671 | 1.20 | -- | -- | -- | -- | 19.39 | 31.39 | -- | -- | -- | 30.13 | 52.50 | 17.50 | -38.71 | -0.2485 | 39.24 | 3.38 |
| Allspring Multi-Sector Income Fund | -100.00bn | -100.00bn | 247.83m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Putnam Managed Municipal Income Trust | 19.31m | 6.90m | 282.21m | -- | 58.70 | 1.02 | -- | 14.61 | 0.1003 | 0.1003 | 0.41 | 7.86 | 0.0462 | -- | -- | -- | 2.95 | 0.3404 | 3.02 | 0.3471 | 81.05 | 82.38 | 63.91 | 8.56 | -- | 4.82 | 0.0535 | -- | 3.62 | -4.97 | 107.53 | 52.04 | -- | -1.98 |
| Saratoga Investment Corp | 138.80m | 22.83m | 310.34m | 0.00 | 11.74 | 0.8291 | -- | 2.24 | 1.94 | 1.94 | 11.34 | 27.42 | 0.1256 | -- | 214.34 | -- | 2.07 | 5.00 | 2.09 | 5.13 | 44.56 | 41.13 | 16.45 | 47.79 | -- | 1.85 | 0.6931 | 61.08 | 40.10 | 20.74 | -46.05 | 6.90 | -- | 0.7545 |
| FRMO Corp | 4.73m | 29.97m | 323.57m | 0.00 | 10.80 | 1.47 | 21.80 | 68.39 | 0.6806 | 0.6806 | 0.1075 | 4.99 | 0.0125 | -- | 1.75 | -- | 3.85 | 8.27 | 6.34 | 12.82 | -- | -- | 307.92 | 403.11 | -- | -- | 0.0019 | -- | -0.6867 | -11.37 | -527.85 | -- | -16.66 | -- |
| Putnam Municipal Opportunities Trust | 21.48m | 7.33m | 326.28m | -- | 57.30 | 0.9974 | -- | 15.19 | 0.1716 | 0.1716 | 0.6456 | 14.11 | 0.0414 | -- | 2.13 | -- | 2.91 | 1.94 | 2.99 | 2.00 | 79.44 | 79.86 | 70.40 | 55.93 | -- | 7.86 | 0.0351 | 239.75 | 7.77 | -6.38 | 109.38 | -19.77 | -- | 0.2275 |
| Triplepoint Venture Growth BDC Corp | 61.73m | -39.82m | 343.85m | 0.00 | -- | 0.9929 | -- | 5.57 | -1.10 | -1.10 | 1.73 | 9.21 | 0.0619 | -- | -- | -- | -4.00 | 2.08 | -4.10 | 2.15 | 11.40 | 44.08 | -64.51 | 22.33 | -- | -0.0517 | 0.6371 | 276.70 | -15.93 | -1.42 | -98.41 | -- | -- | 0.7674 |
| Oppenheimer Holdings Inc. (USA) | 1.25bn | 30.18m | 391.93m | 2.90k | 14.65 | 0.4885 | 9.75 | 0.3138 | 2.56 | 2.56 | 109.15 | 76.72 | 0.4469 | -- | 0.9071 | 430,183.90 | 1.08 | 2.94 | 3.22 | 9.04 | 98.00 | 98.03 | 2.42 | 6.64 | -- | 1.68 | 0.4986 | 14.46 | 12.41 | 5.44 | -6.71 | 0.8754 | 13.46 | 6.40 |
| Diamond Hill Investment Group Inc | 136.72m | 42.23m | 418.42m | 129.00 | 10.35 | 2.61 | 9.43 | 3.06 | 14.34 | 14.34 | 46.36 | 56.79 | 0.5674 | -- | 7.73 | 1,059,817.00 | 17.88 | 18.77 | 22.05 | 23.82 | 97.61 | 97.72 | 31.51 | 34.42 | -- | -- | 0.00 | 75.69 | -11.51 | -1.25 | 4.43 | -1.89 | -51.17 | -- |
Data as of Apr 18 2024. Currency figures normalised to Putnam Managed Municipal Income Trust's reporting currency: US Dollar USD
7.84%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Wells Fargo Clearing Services LLCas of 31 Dec 2023 | 502.02k | 1.08% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023 | 470.36k | 1.01% |
| Raymond James & Associates, Inc. (Invt Mgmt)as of 31 Dec 2023 | 427.73k | 0.92% |
| Advisors Asset Management, Inc.as of 31 Dec 2023 | 406.63k | 0.88% |
| Robinson Capital Management LLCas of 31 Dec 2023 | 404.44k | 0.87% |
| Columbia Management Investment Advisers LLCas of 31 Dec 2023 | 375.77k | 0.81% |
| Van Eck Associates Corp.as of 31 Dec 2023 | 335.39k | 0.72% |
| Kennedy Investment Group,Inc.as of 31 Dec 2023 | 293.53k | 0.63% |
| Sit Investment Associates, Inc.as of 31 Dec 2023 | 241.33k | 0.52% |
| UBS Financial Services, Inc.as of 31 Dec 2023 | 182.77k | 0.39% |
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Data from 31 Dec 2023 - 31 Dec 2023Source: FactSet Research Systems Inc.
