Zacks Investment Research cut shares of InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “Investcorp Credit Management BDC Inc. is a business development company. It invests primarily in the debt of U.S. middle-market companies. Investcorp Credit Management BDC Inc., formerly known as CM Finance Inc., is based in New York, United States. “

Separately, ValuEngine cut shares of InvestcorpCreditManagementBDCInc . from a hold rating to a sell rating in a research note on Thursday.

NASDAQ:ICMB traded down $0.11 during trading hours on Thursday, hitting $7.40. 28,871 shares of the company traded hands, compared to its average volume of 26,447. The company has a market capitalization of $98.37 million, a PE ratio of -22.55 and a beta of 1.32. InvestcorpCreditManagementBDCInc . has a twelve month low of $6.13 and a twelve month high of $8.13. The stock’s 50-day moving average price is $7.04. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.99 and a quick ratio of 2.99.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last released its earnings results on Tuesday, February 11th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $9.43 million during the quarter, compared to analysts’ expectations of $8.71 million. InvestcorpCreditManagementBDCInc . had a negative net margin of 13.00% and a positive return on equity of 9.45%. On average, analysts expect that InvestcorpCreditManagementBDCInc . will post 1.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 13.51%. The ex-dividend date is Thursday, March 12th. InvestcorpCreditManagementBDCInc .’s dividend payout ratio (DPR) is presently 101.01%.

In other news, Director Thomas J. Sullivan bought 10,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $7.10 per share, with a total value of $71,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at $71,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bdc Holdings Ltd Investcorp bought 5,496 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $38,417.04. The disclosure for this purchase can be found here. Insiders acquired a total of 81,215 shares of company stock worth $573,040 in the last three months. Insiders own 1.66% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter worth about $97,000. Stephens Inc. AR bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter worth about $139,000. Oppenheimer & Co. Inc. bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter worth about $236,000. California Public Employees Retirement System bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter worth about $243,000. Finally, Raymond James & Associates grew its holdings in shares of InvestcorpCreditManagementBDCInc . by 6.4% in the 4th quarter. Raymond James & Associates now owns 222,239 shares of the company’s stock worth $1,489,000 after purchasing an additional 13,284 shares during the last quarter. 44.33% of the stock is currently owned by institutional investors and hedge funds.

InvestcorpCreditManagementBDCInc . Company Profile

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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