Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Up 3.5% – Time to Buy?

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) traded up 3.5% on Monday . The company traded as high as $1.8288 and last traded at $1.77. 51,362 shares were traded during trading, a decline of 17% from the average session volume of 61,941 shares. The stock had previously closed at $1.71.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Investcorp Credit Management BDC Stock Up 3.5%

The firm has a 50 day simple moving average of $2.73 and a two-hundred day simple moving average of $2.80. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $25.52 million, a price-to-earnings ratio of -177.00 and a beta of 0.42.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Bulldog Investors LLP increased 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 purchasing an additional 164,281 shares in the last quarter. North Ground Capital acquired a new position in shares of Investcorp Credit Management BDC in the 4th quarter valued at $147,000. Finally, Alpine Global Management LLC acquired a new position in shares of Investcorp Credit Management BDC in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 7.76% of the company’s stock.

Investcorp Credit Management BDC Company Profile

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.