Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Up 2.3%

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) traded up 2.3% on Monday . The company traded as high as $3.27 and last traded at $3.27. 12,853 shares changed hands during trading, a decline of 60% from the average session volume of 31,744 shares. The stock had previously closed at $3.20.

Investcorp Credit Management BDC Trading Down 2.2 %

The business has a 50 day moving average of $3.25 and a two-hundred day moving average of $3.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $45.79 million, a price-to-earnings ratio of -13.83 and a beta of 1.66.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings results on Monday, February 12th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Investcorp Credit Management BDC had a positive return on equity of 9.90% and a negative net margin of 12.39%. The business had revenue of $6.24 million for the quarter, compared to the consensus estimate of $5.94 million. Equities analysts predict that Investcorp Credit Management BDC, Inc. will post 0.47 EPS for the current year.

Investcorp Credit Management BDC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 18.87%. The ex-dividend date of this dividend was Thursday, March 14th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is currently -208.70%.

Institutional Trading of Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,106 shares of the company’s stock after purchasing an additional 128,006 shares during the quarter. International Assets Investment Management LLC owned 1.24% of Investcorp Credit Management BDC worth $633,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.76% of the company’s stock.

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.