Investcorp Credit Management BDC (NASDAQ:ICMB) Trading 2.3% Higher

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) rose 2.3% during mid-day trading on Monday . The stock traded as high as $3.27 and last traded at $3.27. Approximately 12,853 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 31,744 shares. The stock had previously closed at $3.20.

Investcorp Credit Management BDC Stock Down 2.2 %

The company has a debt-to-equity ratio of 1.70, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $45.79 million, a P/E ratio of -13.83 and a beta of 1.66. The company has a 50 day moving average of $3.25 and a 200-day moving average of $3.44.

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

Investcorp Credit Management BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.15 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 18.87%. Investcorp Credit Management BDC’s payout ratio is presently -208.70%.

Institutional Trading of Investcorp Credit Management BDC

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 quarter. Institutional investors 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.