RiverNorth Opportunistic Municipal Income Fund, Inc.

RiverNorth Opportunistic Municipal Income Fund, Inc.verified

RMI

Price:

$16.1475

Market Cap:

$102.93M

RiverNorth Opportunistic Municipal Income Fund, Inc. operates as Closed-End Investment Fund/Investment Trust. It specializes in opportunistic investment strategies in niche markets. The firm operates as investment manager to registered funds, private funds and separately managed accounts. The company is headquartered in West Palm Beach, FL.[Read more]

Industry

Financial - Conglomerates

IPO Date

2018-10-26

Stock Exchange

NYSE

Ticker

RMI

The PE Ratio as of September 2024 (TTM) for RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is 13.02

According to RiverNorth Opportunistic Municipal Income Fund, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 13.02. This represents a change of 28.93% compared to the average of 10.10 of the last 4 quarters.

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Historical PE Ratio (quarterly & annually)

How has RMI PE Ratio performed in the past?

The mean historical PE Ratio of RiverNorth Opportunistic Municipal Income Fund, Inc. over the last ten years is 13.40. The current 13.02 PE Ratio has changed 9.62% with respect to the historical average. Over the past ten years (40 quarters), RMI's PE Ratio was at its highest in in the December 2021 quarter at 101.49. The PE Ratio was at its lowest in in the June 2020 quarter at -13.03.

Quarterly (TTM)
Annual

Average

13.40

Median

9.76

Minimum

-4.14

Maximum

31.19

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) PE Ratio by Quarter and Year

Discovering the peaks and valleys of RiverNorth Opportunistic Municipal Income Fund, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 392.86%

Maximum Annual PE Ratio = 31.19

Minimum Annual Increase = -763.69%

Minimum Annual PE Ratio = -4.14

Quarterly (TTM)
Annual
YearPE RatioChange
202412.68-53.83%
202327.46-763.69%
2022-4.14-160.38%
20216.85-78.04%
202031.19392.86%

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) Average PE Ratio

How has RMI PE Ratio performed in the past?

The current PE Ratio of RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.00

5-year avg

14.81

10-year avg

13.40

RiverNorth Opportunistic Municipal Income Fund, Inc. (RMI) PE Ratio vs. Peers

How is RMI’s PE Ratio compared to its peers?

RiverNorth Opportunistic Municipal Income Fund, Inc.’s PE Ratio is less than MFS Investment Grade Municipal Trust (28.45), greater than Nuveen Preferred and Income Fund (-3.40), greater than Rivernorth Managed Duration Municipal Income Fund Inc. (0), less than BlackRock MuniHoldings New York Quality Fund, Inc. (26.27), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Invesco High Income 2024 Target Term Fund (3.77), greater than Eaton Vance National Municipal Opportunities Trust (9.04), less than Federated Hermes Premier Municipal Income Fund (26.65), greater than Nuveen California Select Tax-Free Income Portfolio (5.79),

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