Short Interest in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Increases By 75.1%

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 268,261 shares, an increase of 75.1% from the April 15th total of 153,167 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 53,617 shares, the short-interest ratio is currently 5.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Investcorp Credit Management BDC

Several large investors have recently bought and sold shares of ICMB. Bulldog Investors LLP boosted its stake in Investcorp Credit Management BDC by 45.8% in the third quarter. Bulldog Investors LLP now owns 522,752 shares of the company’s stock valued at $1,453,000 after acquiring an additional 164,281 shares in the last quarter. North Ground Capital acquired a new stake in shares of Investcorp Credit Management BDC during the fourth quarter worth about $147,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Investcorp Credit Management BDC during the fourth quarter worth about $71,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Investcorp Credit Management BDC Stock Performance

NASDAQ ICMB traded up $0.03 during trading hours on Tuesday, hitting $1.34. The company had a trading volume of 7,154 shares, compared to its average volume of 48,326. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.88 and a current ratio of 3.88. Investcorp Credit Management BDC has a 1-year low of $1.28 and a 1-year high of $3.12. The company has a market cap of $19.34 million, a PE ratio of -0.98 and a beta of 0.67. The business has a 50 day moving average of $1.83 and a 200-day moving average of $2.49.

Investcorp Credit Management BDC (NASDAQ:ICMB) last released its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). 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 $4.13 million during the quarter, compared to analyst estimates of $4.22 million.

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.