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About the company
RiverNorth Managed Duration 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. The Fund’s secondary investment objective is total return. The Company’s investment strategy includes Tactical Municipal Closed-End Fund (CEF) Strategy and Municipal Bond Income Strategy. The Tactical Municipal CEF Strategy typically invests in municipal CEFs and exchange-traded funds (ETFs) and other investment companies. The Municipal Bond Income Strategy primarily invests in municipal bonds of any credit quality, including securities that are rated below investment grade. The Fund’s investment adviser is RiverNorth Capital Management, LLC and the Fund’s sub-adviser is MacKay Shields, LLC.
- Revenue in USD (TTM)21.44m
- Net income in USD25.27m
- Incorporated2019
- Employees--
- LocationRiverNorth Managed Duration Muni Inc Fd360 S. ROSEMARY AVE, SUITE 1420WEST PALM BEACH 33401United StatesUSA
- Phone+1 (312) 445-2251
- Websitehttps://www.rivernorth.com/rmm
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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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nuveen Global High Income Fund | 31.24m | 43.96m | 301.07m | -- | 6.85 | 0.9724 | -- | 9.64 | 1.90 | 1.90 | 1.35 | 13.36 | 0.0712 | -- | 3.11 | -- | 10.02 | 3.17 | 10.35 | 3.18 | 63.45 | 73.83 | 140.73 | 51.66 | -- | -- | 0.2776 | 173.21 | 1.56 | -5.26 | 173.38 | -- | -- | -1.69 |
| LMP Capital And Income Fund Inc | 9.92m | 63.49m | 301.80m | -- | 4.75 | 1.08 | -- | 30.42 | 3.70 | 3.70 | 0.5789 | 16.34 | 0.0304 | -- | -- | -- | 19.44 | 6.99 | 24.31 | 8.80 | 30.90 | 60.08 | 639.87 | 199.96 | -- | -- | 0.1931 | 90.62 | -35.30 | -14.46 | 935.08 | 59.59 | -- | 1.71 |
| Nuveen California Municipal Value Fund | 13.18m | 17.53m | 301.95m | -- | 17.22 | 0.9704 | -- | 22.91 | 0.5296 | 0.5296 | 0.398 | 9.40 | 0.0426 | -- | 4.25 | -- | 5.67 | 1.50 | 5.69 | 1.51 | 99.85 | 99.72 | 133.05 | 39.22 | -- | -- | 0.00 | 215.52 | 4.26 | 2.94 | 167.10 | 16.67 | -- | 0.3484 |
| Calamos Long/Shrt Eqty&DycIncmTrmTst | 71.30m | 36.08m | 305.48m | -- | 8.47 | 0.8677 | -- | 4.28 | 1.84 | 1.84 | 3.63 | 17.93 | 0.1079 | -- | 2.09 | -- | 5.46 | -- | 7.62 | -- | 80.59 | -- | 50.60 | -- | -- | 2.95 | 0.4965 | -- | 465.78 | -- | 125.76 | -- | -- | -- |
| SIM Acquisition I Corp | -100.00bn | -100.00bn | 306.05m | -- | -- | -- | -- | -- | -- | -- | -- | -0.0005 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.07 | -- | -- | -- | -- | -- | -- | -- |
| Jaws Mustang Acquisition Corp | 0.00 | -2.11m | 306.36m | -- | -- | 47.70 | -- | -- | -0.0654 | -0.0654 | 0.00 | 0.2354 | 0.00 | -- | -- | -- | -10.97 | -- | -14.23 | -- | -- | -- | -- | -- | -- | -- | 0.1825 | -- | -- | -- | -88.61 | -- | -- | -- |
| Lionheart Holdings | -100.00bn | -100.00bn | 306.82m | -- | -- | 1.38 | -- | -- | -- | -- | -- | 7.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| BNY Mellon Strategic Municipal BndFndInc | 21.46m | 11.58m | 309.42m | -- | 26.72 | 0.9554 | -- | 14.42 | 0.2343 | 0.2343 | 0.4342 | 6.55 | 0.0445 | -- | 2.70 | -- | 2.49 | 0.6678 | 2.51 | 0.6707 | 61.04 | 78.51 | 55.83 | 16.43 | -- | 64.37 | 0.3263 | 577.64 | -5.36 | -7.23 | 110.16 | 110.76 | -- | -10.55 |
| BlackRock Municipal Income Quality Trust | 22.75m | 3.32m | 310.32m | 0.00 | 92.13 | 0.9374 | -- | 13.64 | 0.13 | 0.13 | 0.8726 | 12.78 | 0.0437 | -- | 4.15 | -- | 0.6382 | 0.8754 | 0.645 | 1.00 | 52.92 | 67.52 | 14.59 | 23.08 | -- | 1.39 | 0.3253 | 288.01 | 8.52 | -2.72 | 81.07 | -- | -- | -5.29 |
| MFS Intermediate Income Trust | -100.00bn | -100.00bn | 310.67m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| RiverNorth Mngd Durtn Mncpl Inc Fund Inc | 21.44m | 25.27m | 310.90m | -- | 12.30 | 0.9568 | -- | 14.50 | 1.28 | 1.28 | 1.09 | 16.46 | 0.0399 | -- | 3.70 | -- | 4.70 | -- | 4.74 | -- | 25.96 | -- | 117.85 | -- | -- | -- | 0.3835 | -- | -5.38 | -- | 32.78 | -- | -- | -- |
| Virtus Convertible & Income Fund | 24.60m | 2.82m | 314.50m | -- | 111.40 | 0.945 | -- | 12.79 | 0.0312 | 0.0312 | 0.2722 | 4.79 | 0.0406 | -- | 2.34 | -- | 1.40 | 2.28 | 1.75 | 2.53 | 51.93 | 75.58 | 34.35 | 53.94 | -- | 2.85 | 0.187 | 438.16 | -3.62 | -15.82 | 103.09 | -- | -- | -11.44 |
| Saba Capital Income & Opportunities Fund | -100.00bn | -100.00bn | 314.72m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Haymaker Acquisition Corp 4 | 0.00 | 10.52m | 314.98m | 0.00 | 22.11 | 1.34 | 54.22 | -- | 0.482 | 0.482 | 0.00 | 7.96 | 0.00 | -- | -- | -- | 8.61 | -- | 8.63 | -- | -- | -- | -- | -- | -- | -- | 0.0006 | -- | -- | -- | -- | -- | -- | -- |
| Invesco Municipal Income Opp Trust | 21.23m | 21.90m | 318.81m | -- | 14.55 | 1.04 | -- | 15.02 | 0.4597 | 0.4597 | 0.4455 | 6.41 | 0.0504 | -- | 6.77 | -- | 5.20 | 1.83 | 5.25 | 1.85 | 61.56 | 75.08 | 103.19 | 38.81 | -- | -- | 0.3155 | 202.54 | 3.34 | -2.10 | 156.09 | 6.94 | -- | -4.27 |
| Saratoga Investment Corp | 147.77m | 15.76m | 321.24m | 0.00 | 19.29 | 0.8703 | -- | 2.17 | 1.21 | 1.21 | 11.26 | 26.85 | 0.1259 | -- | 141.99 | -- | 1.34 | 3.83 | 1.36 | 3.92 | 43.24 | 42.31 | 10.66 | 34.88 | -- | 1.45 | 0.6933 | 79.29 | 45.02 | 24.68 | -63.80 | -13.56 | -- | 6.78 |
Data as of Sep 20 2024. Currency figures normalised to RiverNorth Managed Duration Muni Inc Fd's reporting currency: US Dollar USD
12.27%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Stratos Wealth Partners Ltd.as of 30 Jun 2024 | 425.03k | 2.15% |
| Wells Fargo Clearing Services LLCas of 30 Jun 2024 | 348.41k | 1.77% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Jun 2024 | 334.16k | 1.69% |
| RBC Capital Markets LLC (Investment Management)as of 30 Jun 2024 | 277.72k | 1.41% |
| Stifel Nicolaus & Co., Inc. (Investment Management)as of 30 Jun 2024 | 239.66k | 1.21% |
| UBS Financial Services, Inc.as of 30 Jun 2024 | 205.19k | 1.04% |
| Wells Fargo Advisors Financial Network LLCas of 30 Jun 2024 | 174.40k | 0.88% |
| ProVise Management Group LLCas of 30 Jun 2024 | 159.63k | 0.81% |
| Kestra Advisory Services LLCas of 30 Jun 2024 | 156.63k | 0.79% |
| Robinson Capital Management LLCas of 30 Jun 2024 | 101.72k | 0.52% |
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Data from 30 Jun 2024 - 30 Jun 2024Source: FactSet Research Systems Inc.
