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Upturn AI SWOT - About
RiverNorth Managed Duration Municipal Income Fund Inc (RMM)
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Upturn Advisory Summary
04/01/2025: RMM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -17.29% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 283.26M USD | Price to earnings Ratio 18.13 | 1Y Target Price - |
Price to earnings Ratio 18.13 | 1Y Target Price - | ||
Volume (30-day avg) 51870 | Beta - | 52 Weeks Range 13.55 - 15.90 | Updated Date 03/31/2025 |
52 Weeks Range 13.55 - 15.90 | Updated Date 03/31/2025 | ||
Dividends yield (FY) 8.50% | Basic EPS (TTM) 0.79 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) -1666.11% |
Valuation
Trailing PE 18.13 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 15.07 |
Enterprise Value - | Price to Sales(TTM) 15.07 | ||
Enterprise Value to Revenue 26.24 | Enterprise Value to EBITDA - | Shares Outstanding 19739600 | Shares Floating - |
Shares Outstanding 19739600 | Shares Floating - | ||
Percent Insiders 0.01 | Percent Institutions 11.86 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
RiverNorth Managed Duration Municipal Income Fund Inc
Company Overview
History and Background
RiverNorth Managed Duration Municipal Income Fund Inc. was formed to seek high current income exempt from federal income tax, with a secondary objective of total return. It leverages RiverNorth's expertise in fixed income and closed-end funds.
Core Business Areas
- Municipal Bond Investments: Investing primarily in municipal bonds and other fixed-income securities that offer tax-exempt income. Focuses on shorter-duration municipal securities.
Leadership and Structure
The fund is managed by RiverNorth Capital Management, LLC. Portfolio management is overseen by experienced investment professionals specializing in fixed income and municipal bonds.
Top Products and Market Share
Key Offerings
- Tax-Exempt Income Fund: A closed-end fund designed to generate high current income exempt from federal income tax by investing in municipal bonds. Competitors include Nuveen, BlackRock, and Eaton Vance municipal bond funds. Market share data specific to this exact fund is not publicly available but fund's AUM influences its segment's market impact.
Market Dynamics
Industry Overview
The municipal bond market is influenced by interest rates, credit quality, and tax policies. Demand is driven by investors seeking tax-advantaged income. Current industry faces increasing interest rate risks.
Positioning
The fund positions itself by focusing on managed duration, aiming to reduce interest rate sensitivity compared to traditional municipal bond funds. It's competitive advantage is active management and flexible allocation.
Total Addressable Market (TAM)
The total addressable market for municipal bonds is trillions of dollars. The fund is positioned to capture a segment of this market by providing actively managed, shorter-duration municipal bond exposure.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on managed duration
- Tax-exempt income
- Active portfolio management
Weaknesses
- Sensitivity to interest rate changes (despite managed duration)
- Market risk
- Leverage risk
- Concentration in municipal bonds
Opportunities
- Increasing demand for tax-efficient investments
- Potential for active management to add value
- Growing interest in environmental, social and governance (ESG) investing within the municipal bond market
Threats
- Rising interest rates
- Credit risk of municipal issuers
- Changes in tax laws
- Increased competition from other municipal bond funds and ETFs
Competitors and Market Share
Key Competitors
- Nuveen (JQC)
- BlackRock (BBN)
- Eaton Vance (EIM)
Competitive Landscape
RMM's advantage lies in its managed duration approach and active management, but faces competition from larger, more established municipal bond fund providers.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth depends on market conditions and the fund's ability to generate returns. Growth can be measured by increase in Assets Under Management (AUM)
Future Projections: Future growth is uncertain and depends on market conditions and the fund's investment strategy.
Recent Initiatives: Recent initiatives may include changes to portfolio allocation or investment strategy, such as increasing focus on specific sectors within the municipal bond market.
Summary
RiverNorth Managed Duration Municipal Income Fund (RMM) offers tax-exempt income through municipal bond investments, actively managing duration to mitigate interest rate risk. The fund's strength lies in its experienced management and focus on shorter-duration securities. However, it remains susceptible to market volatility and credit risk, while facing stiff competition from larger players in the municipal bond fund space. Recent strategic initiatives are aimed at improving portfolio performance and attracting investors seeking tax-advantaged income.
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Sources and Disclaimers
Data Sources:
- Company reports, financial data providers, market research reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and risk tolerance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About RiverNorth Managed Duration Municipal Income Fund Inc
Exchange NYSE | Headquaters Chicago, IL, United States | ||
IPO Launch date 2019-07-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | |
Full time employees - | |||
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.
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