Insider Purchase: Insider at $RFM Buys 750 Shares

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Apr 01 2025

0mins

RFM+0.21%

Should l Buy RFM?

Source: NASDAQ.COM

Insider Trading Activity: Jonathan Paul Browne, an insider at $RFM, purchased 750 shares for approximately $10,192, marking the 11th purchase by insiders in the last six months without any sales reported.
Institutional Investor Movements: In the most recent quarter, 9 institutional investors increased their holdings in $RFM stock while 7 reduced their positions, indicating mixed sentiment among larger investors.

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Analyst Views on RFM

Wall Street analysts forecast RFM stock price to rise

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About RFM

Rivernorth Flexible 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. Its secondary investment objective is total return. The Fund’s secondary investment objective is total return. Under normal market conditions, the Fund seeks to achieve its investment objectives by investing, directly or indirectly, at least 80% of its Managed Assets in municipal bonds, the interest on which is, in the opinion of bond counsel to the issuers, generally excludable from gross income for regular U.S. federal income tax purposes, except that the interest may be includable in taxable income for purposes of the Federal alternative minimum tax. The Fund’s investment adviser is RiverNorth Capital Management, LLC.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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