Investcorp Credit Management BDC (NASDAQ:ICMB) Receives “Sell (D+)” Rating from Weiss Ratings

Investcorp Credit Management BDC (NASDAQ:ICMB)‘s stock had its “sell (d+)” rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Investcorp Credit Management BDC Stock Up 1.0%

Shares of Investcorp Credit Management BDC stock opened at $2.94 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.77. The firm has a market cap of $42.42 million, a P/E ratio of 5.44 and a beta of 0.92. Investcorp Credit Management BDC has a fifty-two week low of $2.46 and a fifty-two week high of $3.47. The business has a 50-day moving average price of $2.85 and a 200 day moving average price of $2.85.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The firm had revenue of $4.55 million during the quarter, compared to the consensus estimate of $5.52 million. Investcorp Credit Management BDC had a net margin of 38.05% and a return on equity of 5.59%.

Institutional Trading of Investcorp Credit Management BDC

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. Ethos Financial Group LLC acquired a new stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,840 shares of the company’s stock, valued at approximately $38,000. Ethos Financial Group LLC owned about 0.08% of Investcorp Credit Management BDC as of its most recent SEC filing. Institutional investors and hedge funds own 7.76% of the company’s stock.

Investcorp Credit Management BDC Company Profile

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.