RMM

Rivernorth Managed Duration Municipal Income Fund Inc. [RMM] Stock Forecast

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05:41 26 Feb 2024 RMM

RMM: An Expensive Way To Access The Municipal Bond Sector

RMM has seen a negative total return since my prior review years ago. Going forward, I'm reluctant to place a buy rating on it. The use of return of capital is extensive, suggesting a distribution cut will occur in 2024. Munis as a whole have merit given the historically high income streams (relative to their trading history). But RMM is not the best way to play it.

05:20 26 Feb 2024 RMM

RMM And RFMZ: A Swap Makes Sense

RiverNorth Capital Management offers several closed-end funds with municipal bond exposure, presenting an opportunity for swap trades. RMM is trading at a narrow discount on an absolute and relative basis, while RFMZ presents a relatively more attractive valuation with significantly similar exposure. Both funds have high expense ratios, leverage risks, and unpredictable tax-exempt income, making them less attractive for muni investors, but could still be exploited by those who are holding anyway.

03:44 26 Feb 2024 RMM

RMM: Municipal Bond Fund With A Hybrid Approach

We recently touched on RFM, and today, we are looking at RMM, its slightly older sister fund. RMM and RFM share many similarities, which means they face the same negatives in the future.

RMM Financial details

Company Rating
Neutral
Market Cap
301.32M
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
1.09
Dividend %
7.43%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
0
Forward P/E
-
PEG
-
P/S
15.2
P/B
-
P/C
-
P/FCF
7.7
Quick Ratio
1.5
Current Ratio
1.5
Debt / Equity
0.68
LT Debt / Equity
0.68
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
1.58
EPS this Y
-
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
-
Revenue last 5Y
-
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
5.55%
SMA50
4.75%
SMA100
7.03%
Inst Own
12.31%
Inst Trans
0.99%
ROA
3%
ROE
6%
ROC
0.04%
Gross Margin
100%
Oper. Margin
100%
Profit Margin
100%
Payout
115%
Shs Outstand
19.74M
Shs Float
0
-
-
-
-
Target Price
-
52W Range
12.321-16.1
52W High
-4.59%
52W Low
+27.21%
RSI
59.52
Rel Volume
0.59
Avg Volume
82.58K
Volume
49K
Perf Week
0.89%
Perf Month
4.2%
Perf Quarter
-1.52%
Perf Half Y
0.76%
-
-
-
-
Beta
-
-
-
Volatility
0.07%, 0.41%
Prev Close
0.36%
Price
15.265
Change
0.36%

RMM Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-06-30

Metric History 2020-06-302021-06-302022-06-30 2023-06-30
2.02K2.02K2.02K2.02K
Revenue per share
0.933.5-3.080
Net income per share
-0.883.5-3.080
Operating cash flow per share
-30.642.030.110
Free cash flow per share
-30.642.030.110
Cash per share
0.010.0100
Book value per share
18.2120.5916.390
Tangible book value per share
18.2120.5916.390
Share holders equity per share
18.2120.5916.390
Interest debt per share
10.6910.9611.920
Market cap
338.34M400.74M312.33M0
Enterprise value
572.8M615.34M545.81M218.28M
P/E ratio
-19.535.79-5.130
Price to sales ratio
18.335.79-5.130
POCF ratio
-0.569.98140.050
PFCF ratio
-0.569.98140.050
P/B Ratio
0.940.990.960
PTB ratio
0.940.990.960
EV to sales
31.048.89-8.9711.42
Enterprise value over EBITDA
-13.978.68-9.2811.47
EV to operating cash flow
-0.9515.33244.755.79
EV to free cash flow
-0.9515.33244.755.79
Earnings yield
-0.050.17-0.190
Free cash flow yield
-1.790.10.010
Debt to equity
0.650.530.720.68
Debt to assets
0.390.340.410.4
Net debt to EBITDA
-5.723.03-3.9711.47
Current ratio
6.920.251.281.5
Interest coverage
-0.2741.79-28.382.59
Income quality
34.920.58-0.041.98
Dividend Yield
0.050.050.070
Payout ratio
-1.040.31-0.361.15
Sales general and administrative to revenue
0000
Research and developement to revenue
0000
Intangibles to total assets
0000
Capex to operating cash flow
0000
Capex to revenue
0000
Capex to depreciation
0000
Stock based compensation to revenue
0000
Graham number
18.9640.2633.710
ROIC
0.010.11-0.110.04
Return on tangible assets
-0.030.11-0.110.03
Graham Net
-11.77-11.52-12.10
Working capital
4.18M-10.59M3.59M2.03M
Tangible asset value
359.37M406.81M324.06M321.3M
Net current asset value
-231.27M-226.88M-235.15M-217.41M
Invested capital
0.650.530.720.68
Average receivables
04M9.82M11.19M
Average payables
07.43M13.41M8.38M
Average inventory
0000
Days sales outstanding
91.2617.84-97.55117.06
Days payables outstanding
21.35000
Days of inventory on hand
0000
Receivables turnover
420.46-3.743.12
Payables turnover
17.1000
Inventory turnover
0000
ROE
-0.050.17-0.190.06
Capex per share
0000

Quarterly Fundamentals Overview

Last date of statement is 2023-06-30 for Q4

Metric History 2021-06-302021-12-312022-06-302022-12-31 2023-06-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
00000
Net income per share
00000
Operating cash flow per share
00000
Free cash flow per share
00000
Cash per share
00000
Book value per share
00000
Tangible book value per share
00000
Share holders equity per share
00000
Interest debt per share
00000
Market cap
00000
Enterprise value
214.6M221.9M233.48M218.28M218.28M
P/E ratio
00000
Price to sales ratio
00000
POCF ratio
00000
PFCF ratio
00000
P/B Ratio
00000
PTB ratio
00000
EV to sales
00000
Enterprise value over EBITDA
00000
EV to operating cash flow
00000
EV to free cash flow
00000
Earnings yield
00000
Free cash flow yield
00000
Debt to equity
0.530.560.720.680.68
Debt to assets
0.340.360.410.40.4
Net debt to EBITDA
00000
Current ratio
0.259.151.281.51.5
Interest coverage
00000
Income quality
00000
Dividend Yield
00000
Payout ratio
00000
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
00000
ROIC
00000
Return on tangible assets
00000
Graham Net
00000
Working capital
-10.59M4.99M3.59M2.03M2.03M
Tangible asset value
406.81M399.9M324.06M321.3M321.3M
Net current asset value
-226.88M-218.37M-235.15M-217.41M-217.41M
Invested capital
0.530.560.720.680.68
Average receivables
4.59M4.3M10.74M11.19M6.13M
Average payables
7.27M7.38M6.64M8.38M4.1M
Average inventory
00000
Days sales outstanding
00000
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
00000
Payables turnover
00000
Inventory turnover
00000
ROE
00000
Capex per share
00000

RMM Frequently Asked Questions

What is Rivernorth Managed Duration Municipal Income Fund Inc. stock symbol ?

Rivernorth Managed Duration Municipal Income Fund Inc. is a US stock , located in Chicago of Il and trading under the symbol RMM

What is Rivernorth Managed Duration Municipal Income Fund Inc. stock quote today ?

Rivernorth Managed Duration Municipal Income Fund Inc. stock price is $15.265 today.

Is Rivernorth Managed Duration Municipal Income Fund Inc. stock public?

Yes, Rivernorth Managed Duration Municipal Income Fund Inc. is a publicly traded company.

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