Short Interest in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Grows By 197.8%

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 13,700 shares, an increase of 197.8% from the September 30th total of 4,600 shares. Based on an average trading volume of 31,600 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC grew its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,569 shares of the company’s stock after buying an additional 69,119 shares during the period. International Assets Investment Management LLC owned approximately 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

Investcorp Credit Management BDC Price Performance

ICMB opened at $3.06 on Friday. The company has a fifty day moving average price of $3.19 and a two-hundred day moving average price of $3.25. The firm has a market capitalization of $44.07 million, a PE ratio of 153.00 and a beta of 1.67. Investcorp Credit Management BDC has a 52 week low of $2.98 and a 52 week high of $3.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last released its quarterly earnings data on Wednesday, September 25th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Investcorp Credit Management BDC had a negative net margin of 15.46% and a positive return on equity of 8.87%. The company had revenue of $5.12 million during the quarter.

Investcorp Credit Management BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 15.69%. The ex-dividend date of this dividend is Wednesday, October 16th. Investcorp Credit Management BDC’s payout ratio is 2,400.00%.

Investcorp Credit Management BDC Company Profile

Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.