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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant increase in short interest in 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 sold short. Based on an average trading volume of 53,617 shares, the days-to-cover ratio is currently 5.0 days.

Wall Street Analysts Forecast Growth

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

Investcorp Credit Management BDC Price Performance

ICMB traded down $0.05 on Monday, hitting $1.38. 29,528 shares of the stock were exchanged, compared to its average volume of 48,291. Investcorp Credit Management BDC has a 12 month low of $1.28 and a 12 month high of $3.12. The business has a 50-day moving average of $1.86 and a two-hundred day moving average of $2.50. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.88 and a quick ratio of 3.88. The firm has a market capitalization of $19.97 million, a price-to-earnings ratio of -1.05 and a beta of 0.67.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Investcorp Credit Management BDC had a positive return on equity of 2.26% and a negative net margin of 118.71%.The firm had revenue of $4.13 million for the quarter, compared to the consensus estimate of $4.22 million.

Institutional Investors Weigh In On Investcorp Credit Management BDC

Several institutional investors and hedge funds have recently bought and sold shares of ICMB. Alpine Global Management LLC bought a new stake in Investcorp Credit Management BDC during the fourth quarter worth about $71,000. North Ground Capital bought a new stake in Investcorp Credit Management BDC during the fourth quarter worth about $147,000. Finally, Bulldog Investors LLP lifted its position in Investcorp Credit Management BDC by 7.7% during the first quarter. Bulldog Investors LLP now owns 596,780 shares of the company’s stock worth $967,000 after purchasing an additional 42,583 shares during the period. Institutional investors own 7.76% of the company’s stock.

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.