Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Update

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 3,500 shares, a decline of 31.4% from the March 15th total of 5,100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 31,700 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Investcorp Credit Management BDC

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. Raymond James Financial Inc. bought a new position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 22,571 shares of the company’s stock, valued at approximately $68,000. Raymond James Financial Inc. owned approximately 0.16% of Investcorp Credit Management BDC at the end of the most recent quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Trading Up 2.5 %

Shares of ICMB stock traded up $0.07 on Friday, hitting $2.84. The stock had a trading volume of 14,651 shares, compared to its average volume of 36,079. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. Investcorp Credit Management BDC has a twelve month low of $2.46 and a twelve month high of $3.67. The company has a fifty day moving average price of $3.07 and a two-hundred day moving average price of $3.10. The firm has a market cap of $40.94 million, a P/E ratio of 8.61 and a beta of 1.29.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its earnings results on Tuesday, March 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Investcorp Credit Management BDC had a net margin of 18.53% and a return on equity of 9.83%. The business had revenue of $4.78 million during the quarter, compared to analyst estimates of $5.45 million.

Investcorp Credit Management BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 16.90%. The ex-dividend date of this dividend is Friday, April 25th. Investcorp Credit Management BDC’s dividend payout ratio is 104.35%.

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.