RiverNorth Managed Duration Municipal Income Fund Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $15.25
- Today's High:
- $15.39
- Open Price:
- $15.27
- 52W Low:
- $12.6468
- 52W High:
- $16.1637
- Prev. Close:
- $15.285
- Volume:
- 26253
Company Statistics
- Market Cap.:
- $303.20 million
- Book Value:
- Revenue TTM:
- $0
- Operating Margin TTM:
- 0%
- Gross Profit TTM:
- $0
- Profit Margin:
- 0%
- Return on Assets TTM:
- 0%
- Return on Equity TTM:
- -1666.11%
Company Profile
RiverNorth Managed Duration Municipal Income Fund Inc had its IPO on 2019-07-26 under the ticker symbol RMM.
The company operates in the Financial Services sector and Asset Management industry. RiverNorth Managed Duration Municipal Income Fund Inc has a staff strength of 0 employees.
Stock update
Shares of RiverNorth Managed Duration Municipal Income Fund Inc opened at $15.27 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $15.25 - $15.39, and closed at $15.25.
This is a -0.23% slip from the previous day's closing price.
A total volume of 26,253 shares were traded at the close of the day’s session.
In the last one week, shares of RiverNorth Managed Duration Municipal Income Fund Inc have slipped by -0.72%.
RiverNorth Managed Duration Municipal Income Fund Inc's Key Ratios
RiverNorth Managed Duration Municipal Income Fund Inc has a market cap of $303.20 million, indicating a price to book ratio of 0.9094 and a price to sales ratio of 8.7702.
In the last 12-months RiverNorth Managed Duration Municipal Income Fund Inc’s revenue was $0 with a gross profit of $0 and an EBITDA of $0. The EBITDA ratio measures RiverNorth Managed Duration Municipal Income Fund Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, RiverNorth Managed Duration Municipal Income Fund Inc’s operating margin was 0% while its return on assets stood at 0% with a return of equity of -1666.11%.
In Q2, RiverNorth Managed Duration Municipal Income Fund Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 0%.
RiverNorth Managed Duration Municipal Income Fund Inc’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 0
- PEG
Its diluted EPS in the last 12-months stands at $-2.88 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into RiverNorth Managed Duration Municipal Income Fund Inc’s profitability.
RiverNorth Managed Duration Municipal Income Fund Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 8.7702.
RiverNorth Managed Duration Municipal Income Fund Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 91.1%.
Balance sheet and cash flow metrics
- Total Assets
- $544.84 million
- Total Liabilities
- $0
- Operating Cash Flow
- $0
- Capital Expenditure
- $0
- Dividend Payout Ratio
- 91.1%
RiverNorth Managed Duration Municipal Income Fund Inc ended 2024 with $544.84 million in total assets and $0 in total liabilities. Its intangible assets were valued at $544.84 million while shareholder equity stood at $321.30 million.
RiverNorth Managed Duration Municipal Income Fund Inc ended 2024 with $0 in deferred long-term liabilities, $0 in other current liabilities, in common stock, $-35918733.00 in retained earnings and $0 in goodwill. Its cash balance stood at $0 and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $0.
RiverNorth Managed Duration Municipal Income Fund Inc’s total current assets stands at $0 while long-term investments were $533.56 million and short-term investments were $0. Its net receivables were $0 compared to accounts payable of $4.10 million and inventory worth $0.
In 2024, RiverNorth Managed Duration Municipal Income Fund Inc's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, RiverNorth Managed Duration Municipal Income Fund Inc paid $0.91 in dividends in 2024.
Other key metrics
- Current Trading Price
- $15.25
- 52-Week High
- $16.1637
- 52-Week Low
- $12.6468
- Analyst Target Price
- $
RiverNorth Managed Duration Municipal Income Fund Inc stock is currently trading at $15.25 per share. It touched a 52-week high of $16.1637 and a 52-week low of $16.1637. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $15.25 and 200-day moving average was $14.93 The short ratio stood at 0.14 indicating a short percent outstanding of 0%.
Around 1% of the company’s stock are held by insiders while 1185.8% are held by institutions.
Frequently Asked Questions About RiverNorth Managed Duration Municipal Income Fund Inc
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About
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States.