Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Large Increase in Short Interest


Share on StockTwits

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 9,200 shares, a growth of 29.6% from the March 31st total of 7,100 shares. Based on an average trading volume of 46,800 shares, the days-to-cover ratio is currently 0.2 days.

A number of hedge funds have recently bought and sold shares of the business. Kennedy Capital Management Inc. boosted its stake in Investcorp Credit Management BDC by 8.6% during the fourth quarter. Kennedy Capital Management Inc. now owns 957,230 shares of the company’s stock valued at $4,556,000 after buying an additional 75,985 shares during the period. International Assets Investment Management LLC boosted its stake in Investcorp Credit Management BDC by 100.0% during the first quarter. International Assets Investment Management LLC now owns 106,596 shares of the company’s stock valued at $554,000 after buying an additional 53,298 shares during the period. Golden Green Inc. bought a new stake in Investcorp Credit Management BDC during the first quarter valued at $77,000. Virtu Financial LLC bought a new stake in Investcorp Credit Management BDC during the third quarter valued at $47,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Investcorp Credit Management BDC by 24.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,250 shares of the company’s stock valued at $144,000 after buying an additional 5,958 shares during the period. 39.73% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded shares of Investcorp Credit Management BDC from a “buy” rating to a “hold” rating in a report on Tuesday.

Shares of ICMB stock traded down $0.02 on Tuesday, hitting $5.77. 25,414 shares of the stock were exchanged, compared to its average volume of 43,403. The firm’s 50 day moving average is $5.62 and its two-hundred day moving average is $4.85. Investcorp Credit Management BDC has a one year low of $2.76 and a one year high of $6.30. The firm has a market capitalization of $80.22 million, a PE ratio of -3.82 and a beta of 2.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its earnings results on Wednesday, February 10th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Investcorp Credit Management BDC had a negative net margin of 63.72% and a positive return on equity of 11.40%. The firm had revenue of $7.09 million during the quarter, compared to analyst estimates of $6.85 million. Sell-side analysts expect that Investcorp Credit Management BDC will post 0.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 12th were paid a $0.15 dividend. The ex-dividend date was Thursday, March 11th. This represents a $0.60 annualized dividend and a yield of 10.41%. Investcorp Credit Management BDC’s dividend payout ratio is currently 58.25%.

Investcorp Credit Management BDC Company Profile

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

Read More: What are catch-up contributions?

Receive News & Ratings for Investcorp Credit Management BDC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investcorp Credit Management BDC and related companies with MarketBeat.com's FREE daily email newsletter.