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RiverNorth Opportunistic Municipal Income Fund, Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest, by RiverNorth Financial Holdings, LLC, was filed 23 Dec 2025.
RiverNorth Opportunistic Municipal Income Fund, Inc.: what insiders have been doing
RiverNorth Opportunistic Municipal Income Fund, Inc. belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). Over the twelve months to 22 October 2026, 16 filings were filed, from 1 insider.
No insider sold shares on the market over the period. Instead, the filings list 16 purchases totalling €818k, made by 1 insider. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. The largest single trade was a purchase of €88k by RiverNorth Financial Holdings, LLC, published on 17 November 2025.
The last insider purchase was made public on 23 December 2025, 305 days ago. The median gap between a trade and its publication by SEC (Form 4) is 1 day. Section 16 rules allow two business days to file each Form 4.
With 16 filings in twelve months, the company is quieter than the median of 41 filings across the 2,023 companies we follow on the same exchange. Looking back to 2018, when coverage begins, insiders filed 49 purchases and 53 sales.
Elsewhere in the same sector, our signals recently picked up insider purchases at Dynex Capital Inc and Presurance Holdings, Inc. 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.
103
Thresholds
n/a
Buy Volume
€3M
49 ops. · all time
Sell Volume
€2M
53 ops. · all time
Who traded when
BuySaleRiverNorth Financial Holdings, LLC23 buys
Patrick W. Galley12 buys
Scott Sprauer1 sale
Since the insiders bought
- +5.0%Entry US$14.32 · Close at T+90 US$15.03
- +4.8%Entry US$14.28 · Close at T+365 US$14.97
- +31.1%Entry US$16.59 · Close at T+365 US$21.75
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 2026FY ended June 2026 · cache
US$13.56
Analyst consensus
Income statement
RevenueUS$12.3M
Net incomeUS$11.5M93.5% margin
Valuation
PER (trailing)7.5x
Balance sheet & cash
Market capUS$86.4M
Total debtUS$68.4M
Free Cash FlowUS$1M
Profitability & ownership
% insiders1.3%
% institutions20.7%
Last declaration on 23 December 2025
Declarations103 total
3,941 shares@ US$14.474.9% of flowCommon StockSEC:0001398344-25-022898:0
Canonical exit: 22 Mar 2026 (T+90)
5,058 shares@ US$14.46266.2% of flowCommon StockSEC:0001398344-25-022818:0
Canonical exit: 18 Mar 2026 (T+90)
5,558 shares@ US$14.47617.0% of flowCommon StockSEC:0001398344-25-021268:0
Canonical exit: 22 Feb 2026 (T+90)
6,642 shares@ US$14.53678.3% of flowCommon StockSEC:0001398344-25-021047:0
Canonical exit: 15 Feb 2026 (T+90)
7,045 shares@ US$14.50318.8% of flowCommon StockSEC:0001398344-25-021026:0
Canonical exit: 12 Feb 2026 (T+90)
3,664 shares@ US$14.60144.6% of flowCommon StockSEC:0001398344-25-020968:0
Canonical exit: 11 Feb 2026 (T+90)
1,657 shares@ US$14.652.0% of flowCommon StockSEC:0001398344-25-020778:1
Canonical exit: 9 Feb 2026 (T+90)
1,301 shares@ US$14.541.6% of flowCommon StockSEC:0001398344-25-020778:0
Canonical exit: 8 Feb 2026 (T+90)
6,857 shares@ US$14.50878.6% of flowCommon StockSEC:0001398344-25-020671:0
Canonical exit: 5 Feb 2026 (T+90)
1,226 shares@ US$14.66651.6% of flowCommon StockSEC:0001398344-25-020482:0
Canonical exit: 3 Feb 2026 (T+90)
6,857 shares@ US$14.698.7% of flowCommon StockSEC:0001398344-25-020388:0
Canonical exit: 2 Feb 2026 (T+90)
1,640 shares@ US$14.652.0% of flowCommon StockSEC:0001398344-25-020228:1
Canonical exit: 1 Feb 2026 (T+90)
1,032 shares@ US$14.65991.3% of flowCommon StockSEC:0001398344-25-020228:0
Canonical exit: 29 Jan 2026 (T+90)
4,277 shares@ US$14.385.3% of flowCommon StockSEC:0001398344-25-019862:0
Canonical exit: 22 Jan 2026 (T+90)
4,277 shares@ US$14.425.3% of flowCommon StockSEC:0001398344-25-019785:0
Canonical exit: 21 Jan 2026 (T+90)
4,277 shares@ US$14.455.3% of flowCommon StockSEC:0001398344-25-019700:0
Canonical exit: 20 Jan 2026 (T+90)
2,891 shares@ US$14.603.6% of flowCommon StockSEC:0001398344-25-019598:0
Canonical exit: 19 Jan 2026 (T+90)
2,794 shares@ US$14.603.5% of flowCommon StockSEC:0001398344-25-019502:0
Canonical exit: 18 Jan 2026 (T+90)
4,138 shares@ US$14.62225.2% of flowCommon StockSEC:0001398344-25-019379:0
Canonical exit: 15 Jan 2026 (T+90)
3,041 shares@ US$14.68883.8% of flowCommon StockSEC:0001398344-25-019275:0
Canonical exit: 14 Jan 2026 (T+90)
4,138 shares@ US$14.745.2% of flowCommon StockSEC:0001398344-25-019226:0
Canonical exit: 13 Jan 2026 (T+90)
1,240 shares@ US$14.681.5% of flowCommon StockSEC:0001398344-25-019165:1
Canonical exit: 12 Jan 2026 (T+90)
903 shares@ US$14.65341.1% of flowCommon StockSEC:0001398344-25-019165:0
Canonical exit: 11 Jan 2026 (T+90)
500 shares@ US$14.300.5% of flowCommon StockSEC:0001398344-25-007893:1
Canonical exit: 24 Jul 2025 (T+90)
200 shares@ US$14.25451.6% of flowCommon StockSEC:0001398344-25-007893:0
Canonical exit: 24 Jul 2025 (T+90)
25 of 103 declarations
About RiverNorth Opportunistic Municipal Income Fund, Inc.
RiverNorth Opportunistic Municipal Income Fund, Inc. (ticker: RMI) is a U.S.-listed closed-end investment company traded on the NYSE in the United States. For French-speaking investors, it should be viewed not as an operating business in the industrial sense, but as a specialized listed investment vehicle designed to generate current income exempt from regular U.S. federal income taxes, with a secondary objective of total return. The fund therefore sits squarely in the municipal fixed-income universe and uses a structure that is common in U.S. income-oriented closed-end funds. ([rivernorth.com](https://www.rivernorth.com/investments/rmi/))
RMI was launched on October 25, 2018, making it a relatively recent entrant in the municipal closed-end fund space. The fund is managed by RiverNorth Capital Management, LLC, a specialist investment manager known for opportunistic strategies and closed-end fund structures. RiverNorth’s broader philosophy is to exploit pricing inefficiencies between a closed-end fund’s market price and its net asset value (NAV), which is central to the fund’s investment case. RiverNorth is based in Chicago, Illinois, and the firm also has a presence tied to West Palm Beach, Florida. ([rivernorth.com](https://www.rivernorth.com/investments/rmi/?utm_source=openai))
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From a business-model perspective, RMI is built around two principal sleeves. The first is a tactical municipal closed-end fund strategy managed by RiverNorth, which seeks to capture value from discounts, premiums, and relative mispricings in municipal CEFs and ETFs. The second is a municipal bond income strategy managed with MacKay Shields / MacKay Municipal Managers, focused on tax-free income and risk-adjusted total return through security selection, sector rotation, yield-curve positioning, and duration management. The portfolio is primarily invested in investment-grade municipal bonds, while retaining flexibility to own lower-rated credits within defined limits. ([rivernorth.com](https://www.rivernorth.com/investments/rmi/))
Competitively, RMI occupies a niche position rather than competing as a broad-based asset manager. Its differentiator is the combination of “CEF arbitrage” style exposure and direct municipal bond income generation. That blend can be attractive for investors seeking tax-efficient income and a manager willing to use structure-driven opportunities in the municipal market. The fund may also employ leverage, indirect exposure through underlying funds, and hedging tools, which can enhance income potential but also increase volatility and complexity versus plain-vanilla municipal bond funds. As of May 15, 2026, RiverNorth reported total net assets of approximately $101.0 million, underscoring that RMI remains a relatively small, specialized product. ([rivernorth.com](https://www.rivernorth.com/investments/rmi/))
Recent developments are mainly operational and distribution-related rather than transformational. In its fiscal 2025 annual report, the fund disclosed a new at-the-market distribution agreement with ALPS Distributors, effective May 20, 2025, replacing the prior agreement and allowing the fund to offer up to 4 million common shares from time to time, although no shares were issued under that program during fiscal 2025. The report also disclosed post-year-end distributions, including payments on July 31, 2025 and August 29, 2025 at a rate of $0.0945 per share. In addition, RiverNorth’s website continues to maintain current fund documentation and governance materials, indicating ongoing reporting and active fund administration. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1746967/000139834425017684/fp0095218-1_ncsrixbrl.htm))
For investors in France, Belgium, and Switzerland, the key takeaway is that RMI is a U.S. municipal-income CEF listed on the NYSE in the United States, built for income generation and tax efficiency rather than traditional corporate growth, and best analyzed through the lenses of NAV dynamics, leverage, municipal credit quality, and distribution stability.
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