Investcorp Credit Management BDC (NASDAQ:ICMB) Announces Earnings Results, Misses Expectations By $0.07 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) announced its earnings results on Friday. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07), Zacks reports. The company had revenue of $0.16 million for the quarter, compared to analyst estimates of $4.70 million. Investcorp Credit Management BDC had a negative net margin of 118.71% and a positive return on equity of 2.26%.

Investcorp Credit Management BDC Trading Up 1.9%

Shares of Investcorp Credit Management BDC stock opened at $0.84 on Friday. Investcorp Credit Management BDC has a fifty-two week low of $0.73 and a fifty-two week high of $3.12. The business’s fifty day moving average is $0.96 and its two-hundred day moving average is $1.70. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 2.07. The firm has a market cap of $12.11 million, a PE ratio of -0.59 and a beta of 0.60.

Institutional Trading of Investcorp Credit Management BDC

An institutional investor recently bought a new stake in Investcorp Credit Management BDC stock. North Ground Capital bought a new position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned about 0.38% of Investcorp Credit Management BDC as of its most recent filing with the Securities and Exchange Commission (SEC). 7.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Investcorp Credit Management BDC in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.