Investcorp Credit Management BDC (NASDAQ:ICMB) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) issued its quarterly earnings data on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02), Zacks reports. Investcorp Credit Management BDC had a net margin of 38.05% and a return on equity of 5.59%. The company had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $4.41 million.

Investcorp Credit Management BDC Price Performance

ICMB stock traded up $0.13 during mid-day trading on Thursday, reaching $2.74. The company’s stock had a trading volume of 40,760 shares, compared to its average volume of 34,036. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.77. The company’s 50 day moving average is $2.86 and its two-hundred day moving average is $2.83. Investcorp Credit Management BDC has a fifty-two week low of $2.46 and a fifty-two week high of $3.47. The stock has a market cap of $39.53 million, a PE ratio of 5.08 and a beta of 0.88.

Investcorp Credit Management BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.5%. Investcorp Credit Management BDC’s dividend payout ratio is presently 88.89%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Investcorp Credit Management BDC

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.