Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Large Increase in Short Interest

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 11,400 shares, an increase of 90.0% from the March 31st total of 6,000 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 0.4 days.

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 position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,106 shares of the company’s stock after acquiring an additional 128,006 shares during the quarter. International Assets Investment Management LLC owned approximately 1.24% of Investcorp Credit Management BDC worth $633,000 at the end of the most recent reporting period. 7.76% of the stock is owned by institutional investors.

Investcorp Credit Management BDC Stock Up 1.6 %

Investcorp Credit Management BDC stock traded up $0.05 during mid-day trading on Friday, reaching $3.25. The company’s stock had a trading volume of 15,623 shares, compared to its average volume of 19,470. The company has a market capitalization of $46.80 million, a price-to-earnings ratio of -14.13 and a beta of 1.66. Investcorp Credit Management BDC has a 12 month low of $2.98 and a 12 month high of $4.50. The business’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.43. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.46 and a current ratio of 1.46.

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

Investcorp Credit Management BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 18.46%. The ex-dividend date was Thursday, March 14th. Investcorp Credit Management BDC’s dividend payout ratio is currently -208.70%.

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.