Equities

RiverNorth Flexible Municipal Income

RFM:NYQ

RiverNorth Flexible Municipal Income

Actions
FinancialsClosed End Investments
  • Price (USD)15.67
  • Today's Change0.033 / 0.21%
  • Shares traded23.15k
  • 1 Year change+6.81%
  • Beta0.5959
Data delayed at least 15 minutes, as of Nov 22 2024.
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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)6.94m
  • Net income in USD7.76m
  • 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)
DT Cloud Acquisition Corp0.001.55m93.04m0.0024.151.33----0.42990.42990.007.790.00------4.32--4.34--------------0.00-------7.30------
Phenixfin Corp22.29m19.86m93.92m6.004.830.6091--4.219.639.6310.8476.350.0931--17.283,715,547.008.30-8.128.56-8.3971.5945.4289.07-103.31----0.3561--29.52-21.33540.78------
Quetta Acquisition Corp0.002.29m93.94m--40.991.34----0.25610.25610.007.860.00------6.19--6.30--------------0.00--------------
Direct Selling Acquisition Corp0.00-5.77m94.89m----10.55-----0.4622-0.46220.001.060.00-------6.33---8.44--------------0.459-------146.23------
Evergreen Corp0.003.35m94.92m--38.072.14----0.30890.30890.005.490.00------3.80--3.97--------------0.0946------305.44------
GDL Fund7.02m5.02m95.11m--18.800.792--13.550.42930.42930.600110.190.0371--2.19--2.65--2.83--28.65--71.53------0.2826--126.73--325.58------
Global Lights Acquisition Corp0.002.31m95.14m--41.24------0.2570.2570.007.760.00------6.27--6.42--------------0.0032------209.16------
Nuveen Municipal Income Fund Inc.4.77m4.35m95.49m--21.930.9609--20.010.43330.43330.47499.890.0474--2.63--4.320.13444.390.136786.9885.2391.243.12----0.00632,772.087.33-0.5048117.02-----4.35
Pcm Fund Inc12.24m5.47m95.76m--17.611.28--7.820.45380.45381.016.260.0866--14.89--3.871.057.001.9957.9571.5544.6914.42--4.380.4174591.61-15.860.58527,917.14-12.39--0.00
Aimei Health Technology Co Ltd-100.00bn-100.00bn95.76m0.00--0.3139----------33.80----------------------------0.00--------------
RiverNorth Flexible Muncpl Incme Fnd Inc6.94m7.76m95.81m--12.340.9146--13.811.271.271.1317.130.04--3.90--4.48--4.51--26.34--111.94------0.3812---9.51--135.30------
Concord Acquisition Corp II0.00-1.43m95.98m----7.72-----0.3355-0.33550.001.350.00-------1.61---1.68--------------0.2658-------52.07------
Korea Fund Inc-100.00bn-100.00bn96.90m--------------------------------------------------------------
Gabelli Global Utility & Income Trust4.77m1.97m98.37m--49.911.12--20.620.33020.33020.799320.130.0346--4.70--3.153.233.163.2581.5376.1991.09124.59----0.0041277.2628.618.43105.28----8.45
Data as of Nov 22 2024. Currency figures normalised to RiverNorth Flexible Municipal Income's reporting currency: US Dollar USD

Institutional shareholders

8.98%Per cent of shares held by top holders
HolderShares% Held
Wells Fargo Clearing Services LLCas of 30 Sep 2024119.23k1.95%
UBS Financial Services, Inc.as of 30 Sep 202479.85k1.31%
Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Sep 202477.15k1.26%
RBC Capital Markets LLC (Investment Management)as of 30 Sep 202458.18k0.95%
Wedbush Securities, Inc. (Investment Management)as of 30 Sep 202454.82k0.90%
Wolverine Asset Management LLCas of 30 Sep 202447.26k0.77%
LPL Financial LLCas of 30 Sep 202446.72k0.76%
Raymond James & Associates, Inc. (Invt Mgmt)as of 30 Sep 202425.24k0.41%
Wells Fargo Advisors Financial Network LLCas of 30 Sep 202421.55k0.35%
SteelPeak Wealth LLCas of 30 Sep 202419.25k0.32%
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Data from 30 Sep 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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