Short Interest in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Drops By 30.1%

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,100 shares, a decrease of 30.1% from the February 28th total of 7,300 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Investcorp Credit Management BDC Stock Performance

ICMB stock traded up $0.01 on Friday, hitting $3.23. The company had a trading volume of 31,635 shares, compared to its average volume of 33,915. The stock’s 50-day simple moving average is $3.17 and its 200 day simple moving average is $3.14. The stock has a market cap of $46.56 million, a price-to-earnings ratio of 9.79 and a beta of 1.72. 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 12-month low of $2.91 and a 12-month high of $3.67.

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

Investcorp Credit Management BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, April 25th. This represents a $0.48 dividend on an annualized basis and a yield of 14.86%. Investcorp Credit Management BDC’s dividend payout ratio is currently 104.35%.

Institutional Inflows and Outflows

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

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.