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RiverNorth Flexible Municipal Income Fund, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 28 Nov 2025.
RiverNorth Flexible Municipal Income Fund, Inc.: what insiders have been doing
RiverNorth Flexible Municipal Income Fund, Inc. belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). 1 insider has disclosed 14 filings since 18 October 2025.
Not one open-market sale was filed. On the buying side, 1 insider reported 14 purchases totalling €486k. Unlike grants, an open-market purchase is paid for by the insider, at the market price. The largest single trade was a purchase of €60k by RiverNorth Financial Holdings, LLC, published on 25 November 2025.
With 14 filings in twelve months, the company is quieter than the median of 19 filings across the 5,813 companies we follow on the same exchange. Since 2021, the database holds 17 purchases and 58 sales by insiders of the company.
The latest purchase dates back some time: it was published 324 days ago, on 28 November 2025. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 1 day. Section 16 rules allow two business days to file each Form 4.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and BCB Bancorp Inc also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
78
Thresholds
n/a
Buy Volume
€524,736
17 ops. · all time
Sell Volume
€2M
58 ops. · all time
Who traded when
BuySaleRiverNorth Financial Holdings, LLC14 buys
Patrick W. Galley3 buys
Jonathan Paul Browne1 buy
Since the insiders bought
- -7.9%Entry US$14.11 · Close 16 Oct 2026 US$12.99
- +4.4%Entry US$13.78 · Close at T+365 US$14.39
- +5.7%Entry US$13.62 · Close at T+365 US$14.39
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended June 2025 · cache
US$14.91
Analyst consensus
Income statement
Revenue-US$3.7M
Net income-US$4M0.0% margin
Valuation
PER (trailing)165.7x
Balance sheet & cash
Market capUS$91.2M
Total debtUS$61.7M
Free Cash FlowUS$10M
Profitability & ownership
% insiders1.9%
% institutions18.4%
Last declaration on 28 November 2025
Declarations78 total
175 shares@ US$14.070.4% of flowCommon StockSEC:0001398344-25-021360:0
Canonical exit: 24 Feb 2026 (T+90)
2,700 shares@ US$14.04966.8% of flowCommon StockSEC:0001398344-25-021291:0
Canonical exit: 23 Feb 2026 (T+90)
4,905 shares@ US$14.061112.3% of flowCommon StockSEC:0001398344-25-021267:0
Canonical exit: 22 Feb 2026 (T+90)
4,346 shares@ US$14.366111.1% of flowCommon StockSEC:0001398344-25-021027:0
Canonical exit: 12 Feb 2026 (T+90)
4,346 shares@ US$14.313511.1% of flowCommon StockSEC:0001398344-25-020760:0
Canonical exit: 8 Feb 2026 (T+90)
4,257 shares@ US$14.321210.9% of flowCommon StockSEC:0001398344-25-020670:0
Canonical exit: 5 Feb 2026 (T+90)
2,165 shares@ US$14.455.6% of flowCommon StockSEC:0001398344-25-020480:0
Canonical exit: 3 Feb 2026 (T+90)
4,257 shares@ US$14.40511.0% of flowCommon StockSEC:0001398344-25-020389:0
Canonical exit: 2 Feb 2026 (T+90)
200 shares@ US$14.280.5% of flowCommon StockSEC:0001398344-25-020124:0
Canonical exit: 28 Jan 2026 (T+90)
881 shares@ US$14.30852.2% of flowCommon StockSEC:0001398344-25-020003:0
Canonical exit: 26 Jan 2026 (T+90)
141 shares@ US$14.300.4% of flowCommon StockSEC:0001398344-25-019866:0
Canonical exit: 22 Jan 2026 (T+90)
3,216 shares@ US$14.308.2% of flowCommmon StockSEC:0001398344-25-019783:0
Canonical exit: 21 Jan 2026 (T+90)
3,352 shares@ US$14.29778.5% of flowCommon StockSEC:0001398344-25-019698:0
Canonical exit: 20 Jan 2026 (T+90)
4,363 shares@ US$14.3511.1% of flowCommon StockSEC:0001398344-25-019601:0
Canonical exit: 19 Jan 2026 (T+90)
750 shares@ US$13.59100.0% of flowCommon StockSEC:0001398344-25-007046:0
Canonical exit: 9 Jul 2025 (T+90)
400 shares@ US$13.849916.9% of flowCommon StockSEC:0001398344-25-006965:0
Canonical exit: 8 Jul 2025 (T+90)
2,000 shares@ US$13.7083.1% of flowCommon StockSEC:0001398344-25-006873:0
Canonical exit: 7 Jul 2025 (T+90)
1,531 sharesCommon Shares of Beneficial InterestSEC:0001398344-24-021893:0
200 shares@ US$15.390.1% of flowCommon Shares of Beneficial InterestSEC:0001398344-23-009887:0
1,005 shares@ US$15.390.7% of flowCommon Shares of Beneficial InterestSEC:0001398344-23-009436:0
1,000 shares@ US$17.169100.0% of flowCommon StockSEC:0000898432-22-000328:0
2,200 shares@ US$20.871.9% of flowCommon StockSEC:0001398344-22-002120:0
2,200 shares@ US$22.192.0% of flowCommon StockSEC:0001398344-22-000555:0
1,283 shares@ US$22.201.2% of flowCommon StockSEC:0001398344-21-024444:0
2,200 shares@ US$23.112.1% of flowCommon StockSEC:0001398344-21-024090:0
25 of 78 declarations
About RiverNorth Flexible Municipal Income Fund, Inc.
RiverNorth Flexible Municipal Income Fund, Inc. (ticker: RFM) is a U.S.-listed closed-end fund traded on the NYSE in the United States. For francophone investors, it should be viewed primarily as a municipal-income vehicle rather than a conventional operating company. The fund is designed to deliver current income that is generally exempt from regular U.S. federal income tax, while exposing shareholders to the distinctive mechanics of a closed-end fund, including the possibility that the market price trades at a premium or discount to net asset value (NAV). RFM is managed by RiverNorth Capital Management, a U.S. asset manager focused on income-oriented strategies, and it belongs to the specialized segment of actively managed municipal closed-end funds. The fund was organized as a Maryland corporation on October 1, 2019, making it a relatively recent public vehicle with a short but established operating history. ([rivernorth.com](https://www.rivernorth.com/wp-content/uploads/2024-03-31-rivernorth-rfm-nport-ex.pdf?utm_source=openai))
From an investment perspective, RFM’s core mandate is to seek tax-advantaged current income through exposure to municipal fixed income. According to RiverNorth’s fund materials, the portfolio may invest directly or indirectly in investment-grade municipal bonds and also has the flexibility to allocate to lower-rated securities when management believes the opportunity set is attractive. The strategy may additionally use municipal closed-end funds and ETFs, which gives the portfolio broader tools for duration management, sector rotation, and discount/premium capture. That flexibility is a key differentiator versus more static municipal bond products, but it also means the fund can be more sensitive to rate moves, credit spreads, and changes in market sentiment around tax-exempt income vehicles. ([rivernorth.com](https://www.rivernorth.com/investments/rfm/?utm_source=openai))
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In terms of competitive positioning, RFM sits in the income-focused municipal CEF universe, where investors tend to compare distribution stability, leverage policy, portfolio flexibility, and discount behavior rather than traditional revenue growth metrics. The available materials indicate an advisor footprint associated with Chicago, Illinois, while RiverNorth also maintains a presence in West Palm Beach, Florida, reflecting a U.S. operating base rather than a globally diversified corporate network. For investors in France, Belgium, or Switzerland, this is important: RFM is a U.S. fixed-income income fund, listed on the NYSE, and its appeal is tied to U.S. municipal tax treatment, active portfolio management, and the closed-end fund structure. ([stockanalysis.com](https://stockanalysis.com/stocks/rfm/company/?utm_source=openai))
Recent notable items include routine regulatory and shareholder communications, such as distribution announcements, Section 19(a) notices, proxy-voting records, and annual-report disclosures available through RiverNorth and SEC filings. Market feeds have also highlighted insider-related Form 4 activity involving RiverNorth affiliates, which can be relevant for monitoring sponsor sentiment, although such filings should be interpreted cautiously because the fund’s structure is not the same as an operating equity company. Overall, RFM is best understood as a specialized U.S. municipal income fund focused on tax-advantaged cash flow rather than capital appreciation. ([rivernorth.com](https://www.rivernorth.com/document-fund/closed-end-funds/rfm/?utm_source=openai))
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