Investcorp Credit Management BDC (NASDAQ:ICMB) Issues Earnings Results

Investcorp Credit Management BDC (NASDAQ:ICMB) announced its quarterly earnings results on Friday. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.12), FiscalAI reports. Investcorp Credit Management BDC had a negative net margin of 118.71% and a positive return on equity of 2.26%. The company had revenue of $0.16 million for the quarter, compared to analyst estimates of $4.70 million.

Investcorp Credit Management BDC Stock Performance

Shares of Investcorp Credit Management BDC stock traded up $0.02 during trading on Friday, reaching $0.84. The company’s stock had a trading volume of 26,323 shares, compared to its average volume of 36,917. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.88 and a current ratio of 3.88. The business’s fifty day moving average price is $0.96 and its 200-day moving average price is $1.70. The firm has a market cap of $12.11 million, a price-to-earnings ratio of -0.61 and a beta of 0.60. Investcorp Credit Management BDC has a one year low of $0.73 and a one year high of $3.12.

Institutional Trading of Investcorp Credit Management BDC

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. North Ground Capital bought a new stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned about 0.38% of Investcorp Credit Management BDC as of its most recent SEC filing. 7.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Investcorp Credit Management BDC in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC Inc (NASDAQ: ICMB) is a closed-end, non-diversified management investment company that provides investors exposure to private credit markets through direct lending strategies. As a business development company, ICMB focuses on originating, structuring and managing tailored financing solutions for U.S. middle-market corporations. The company’s portfolio includes senior secured loans, second-lien debt, subordinated debt and equity co-investments, with an emphasis on risk-adjusted returns and capital preservation.

The company is externally managed by Investcorp Credit Management US LLC, part of the Investcorp group, a global alternative investment firm founded in 1982.