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Home โบ Stocks โบ RiverNorth Managed Duration Municipal Income Fund Inc. (RMM) Stock Forecast & Price Prediction United States | NYSE | Financial Services | Asset Management
$13.98
+0.04 (0.32%)10 Quality Stocks Worth Considering Now
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RMM has shown a year-to-date change of -3.0% and a 1-year change of -6.2%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for RMM. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for RMM.
Date | Firm | Analyst | Rating | Change | Price Target |
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The following stocks are similar to RiverNorth based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
RiverNorth Managed Duration Municipal Income Fund Inc. has a market capitalization of $274.97M with a P/E ratio of 17.6x. The company generates $25.43M in trailing twelve-month revenue with a 0.0% profit margin.
Revenue growth is N/A quarter-over-quarter, while maintaining an operating margin of 0.0% and return on equity of +7.8%.
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Provides tax-exempt income through municipal bonds.
The company operates as a closed-end management investment fund, primarily investing at least 80% of its assets in investment-grade municipal bonds. It generates income for investors by focusing on bonds that provide high current income exempt from federal income tax, making it particularly appealing to high-income investors.
The fund actively manages interest rate risk to maintain its portfolio's duration within specific parameters, optimizing performance across various market conditions. This strategy supports public projects and infrastructure initiatives, contributing to the municipal bond market while offering tax-efficient investment solutions.
Financial Services
Asset Management
0
United States
2019
GoTo expands support for Managed Service Providers with new features in LogMeIn Resolve, following the consolidation of its IT product portfolio under the LogMeIn brand.
GoTo's focus on enhancing its offerings for MSPs signals growth potential in the IT sector, which could drive revenue and market share, influencing investor sentiment positively.
The 10-year Treasury yield spike creates a buying opportunity in muni bond CEFs. RiverNorth Managed Duration Muni offers a 6.88% yield, while RMI offers 7%, both providing potential price stability.
The spike in 10-year Treasury yields enhances the appeal of muni bond CEFs like RiverNorth Managed Duration Muni, which offers high yields and potential NAV discount closure, indicating favorable long-term returns.
RiverNorth Managed Duration Municipal Income Fund, managed with MacKay Shields, offers a 6.75% distribution but requires capital gains or return of capital for sustainability.
The RiverNorth Managed Duration Municipal Income Fund's 6.75% distribution relies on capital gains or return of capital, indicating potential risks and rewards for investors in municipal bonds.
Investors are increasingly focusing on "Dividend Legends" for consistent cash flow, moving away from traditional Dividend Aristocrats strategies.
The shift towards "Dividend Legends" suggests a potential opportunity for higher returns and consistent cash flow, indicating a change in investment strategy that could impact stock performance.
RMM has reported negative total returns and may face a distribution cut in 2024 due to high return of capital use. Munis still offer value, but RMM is not a recommended investment.
RMM's negative return and potential distribution cut signal financial weakness, prompting investors to seek better muni options for income, impacting RMM's attractiveness and market perception.
RiverNorth Capital Management offers closed-end funds RMM and RFMZ with municipal bond exposure. RMM trades at a narrow discount; RFMZ offers better valuation. Both have high expense ratios and leverage risks.
RiverNorth's funds offer swap trade opportunities, with RMM trading at a narrow discount and RFMZ presenting better valuation. High expenses and risks could deter muni investors despite potential gains.
Analyst forecasts for RiverNorth Managed Duration Municipal Income Fund Inc. (RMM) are not currently available. The stock is trading at $13.98.
Analyst ratings for RMM are not currently available. The stock is currently trading at $13.98. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for RMM are not currently available. The stock is trading at $13.98.
The company operates as a closed-end management investment fund, primarily investing at least 80% of its assets in investment-grade municipal bonds. It generates income for investors by focusing on bonds that provide high current income exempt from federal income tax, making it particularly appealing to high-income investors.
Price targets from Wall Street analysts for RMM are not currently available. The stock is trading at $13.98.
Price targets from Wall Street analysts for RMM are not currently available. The stock is trading at $13.98.
Analyst ratings for RMM are not currently available. The stock is trading at $13.98.
Stock price projections, including those for RiverNorth Managed Duration Municipal Income Fund Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.