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About the company
Rivernorth Opportunistic 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. The Fund’s sub-adviser is MacKay Shields, LLC.
- Revenue in USD (TTM)6.96m
- Net income in USD7.92m
- Incorporated2018
- Employees--
- LocationRiverNorth Opportunistic Municipal Income Fund, Inc.360 S. ROSEMARY AVE, SUITE 1420WEST PALM BEACH 33401United StatesUSA
- Phone+1 (312) 445-2251
- Websitehttps://www.rivernorth.com/rmi
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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 Municipal Income Fund Inc. | 4.77m | 4.35m | 96.19m | -- | 22.09 | 0.968 | -- | 20.15 | 0.4333 | 0.4333 | 0.4749 | 9.89 | 0.0474 | -- | 2.63 | -- | 4.32 | 0.1344 | 4.39 | 0.1367 | 86.98 | 85.23 | 91.24 | 3.12 | -- | -- | 0.0063 | 2,772.08 | 7.33 | -0.5048 | 117.02 | -- | -- | -4.35 |
| RiverNorth Flexible Muncpl Incme Fnd Inc | 6.94m | 7.76m | 96.52m | -- | 12.43 | 0.9215 | -- | 13.92 | 1.27 | 1.27 | 1.13 | 17.13 | 0.04 | -- | 3.90 | -- | 4.48 | -- | 4.51 | -- | 26.34 | -- | 111.94 | -- | -- | -- | 0.3812 | -- | -9.51 | -- | 135.30 | -- | -- | -- |
| Allspring Utilities and High Income Fund | 6.38m | 19.61m | 96.66m | -- | 4.85 | 0.8918 | -- | 15.15 | 2.21 | 2.21 | 0.708 | 12.05 | 0.0474 | -- | 4.21 | -- | 14.56 | -- | 14.66 | -- | 58.71 | -- | 307.29 | -- | -- | -- | 0.2164 | -- | 4.22 | -- | 248.53 | -- | -- | -- |
| Fortune Rise Acquisition Corp | 0.00 | -1.41m | 96.92m | -- | -- | 2.78 | -- | -- | -0.222 | -0.222 | 0.00 | 4.00 | 0.00 | -- | -- | -- | -3.76 | -- | -4.44 | -- | -- | -- | -- | -- | -- | -- | 0.1891 | -- | -- | -- | -638.73 | -- | -- | -- |
| Nuveen Mortgage and Income Fund | -100.00bn | -100.00bn | 98.31m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Bowen Acquisition Corp | 0.00 | 3.09m | 99.73m | -- | 32.33 | 1.36 | -- | -- | 0.3365 | 0.3365 | 0.00 | 8.01 | 0.00 | -- | -- | -- | 8.26 | -- | 8.30 | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| MFS Government Markets Income Trust | -100.00bn | -100.00bn | 100.05m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pioneer Diversified High Income Fund Inc | 14.99m | 15.51m | 100.68m | -- | 6.49 | 0.9655 | -- | 6.72 | 1.86 | 1.86 | 1.80 | 12.51 | 0.1033 | -- | 472.38 | -- | 10.69 | 2.44 | 10.84 | 2.48 | 71.60 | 76.51 | 103.51 | 30.06 | -- | -- | 0.2838 | 250.13 | 16.60 | 1.22 | 386.70 | 50.92 | -- | -1.08 |
| Lvpai Group Ltd | 0.00 | -35.98k | 101.10m | 45.00 | -- | -- | -- | -- | -0.0021 | -0.0021 | 0.00 | -0.0012 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -10.51 | -- | -- | -- |
| Rivernorth Opprtnstc Mncpl Incme Fnd Inc | 6.96m | 7.92m | 101.36m | -- | 12.80 | 0.9226 | -- | 14.56 | 1.24 | 1.24 | 1.09 | 17.23 | 0.0388 | -- | 4.58 | -- | 4.41 | 1.03 | 4.44 | 1.07 | 29.00 | 47.97 | 113.75 | 28.26 | -- | -- | 0.3683 | 427.03 | -10.59 | 5.95 | 108.40 | -18.10 | -- | 12.68 |
| EQV Ventures Acquisition Corp | -100.00bn | -100.00bn | 101.51m | -- | -- | -- | -- | -- | -- | -- | -- | -0.0021 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.09 | -- | -- | -- | -- | -- | -- | -- |
| Gablli Globl Small and Mid Cap Valu Trst | 2.79m | -1.09m | 103.03m | -- | -- | 0.9247 | -- | 36.87 | -0.132 | -0.132 | 0.3399 | 13.45 | 0.0198 | -- | 49.57 | -- | -0.7768 | 5.53 | -0.7786 | 5.63 | 5.71 | 4.14 | -39.16 | 361.77 | -- | -0.2855 | 0.1256 | 73.73 | 13.77 | -1.05 | 128.89 | -- | -- | -- |
| Bancroft Fund Ltd | 4.62m | -23.56k | 103.83m | -- | -- | 0.9498 | -- | 22.46 | -0.0188 | -0.0188 | 0.7938 | 23.69 | 0.032 | -- | 3.67 | -- | 1.09 | 4.95 | 1.11 | 4.97 | 72.50 | 66.28 | 34.18 | 242.76 | -- | 2.24 | 0.00 | 202.08 | 61.82 | 4.50 | 93.98 | -- | -- | 1.99 |
| Great Elm Capital Corp | 39.35m | 5.90m | 105.28m | 0.00 | 14.50 | 0.8367 | -- | 2.68 | 0.6947 | 0.6947 | 4.34 | 12.04 | 0.1169 | -- | 11.08 | -- | 1.75 | -2.54 | 1.99 | -3.74 | 46.83 | 49.47 | 15.00 | -29.55 | -- | 1.80 | 0.6464 | -- | 46.65 | 5.24 | 262.57 | -- | -- | -23.45 |
| Thunder Bridge Capital Partners IV Inc | 0.00 | -181.48k | 105.39m | -- | -- | 7.03 | -- | -- | -0.018 | -0.018 | 0.00 | 1.58 | 0.00 | -- | -- | -- | -0.1286 | -- | -0.63 | -- | -- | -- | -- | -- | -- | -- | 0.1118 | -- | -- | -- | 43.07 | -- | -- | -- |
Data as of Nov 16 2024. Currency figures normalised to RiverNorth Opportunistic Municipal Income Fund, Inc.'s reporting currency: US Dollar USD
17.77%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Stratos Wealth Partners Ltd.as of 30 Sep 2024 | 474.45k | 7.44% |
| RBC Capital Markets LLC (Investment Management)as of 30 Jun 2024 | 145.38k | 2.28% |
| Morgan Stanley Smith Barney LLC (Investment Management)as of 30 Jun 2024 | 120.38k | 1.89% |
| Wells Fargo Clearing Services LLCas of 30 Jun 2024 | 116.83k | 1.83% |
| UBS Financial Services, Inc.as of 30 Jun 2024 | 109.65k | 1.72% |
| Robinson Capital Management LLCas of 30 Sep 2024 | 37.78k | 0.59% |
| Wolverine Asset Management LLCas of 30 Sep 2024 | 37.63k | 0.59% |
| Cypress Wealth Services LLCas of 30 Sep 2024 | 32.50k | 0.51% |
| Prospera Financial Services, Inc.as of 30 Sep 2024 | 30.26k | 0.48% |
| Raymond James & Associates, Inc. (Invt Mgmt)as of 30 Sep 2024 | 27.72k | 0.44% |
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Data from 30 Jun 2024 - 30 Sep 2024Source: FactSet Research Systems Inc.
