Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Free Report) was down 2.5% during mid-day trading on Tuesday . The company traded as low as $1.17 and last traded at $1.17. 62,910 shares changed hands during trading, a decline of 15% from the average session volume of 73,844 shares. The stock had previously closed at $1.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Investcorp Credit Management BDC in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Investcorp Credit Management BDC currently has a consensus rating of “Sell”.
Read Our Latest Analysis on ICMB
Investcorp Credit Management BDC Price Performance
Investcorp Credit Management BDC (NASDAQ:ICMB – Get Free Report) last released its quarterly earnings data on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The firm had revenue of $4.13 million for the quarter, compared to analysts’ expectations of $4.22 million. Investcorp Credit Management BDC had a positive return on equity of 2.26% and a negative net margin of 118.71%.
Institutional Investors Weigh In On Investcorp Credit Management BDC
Several hedge funds and other institutional investors have recently bought and sold shares of ICMB. Alpine Global Management LLC purchased a new position in shares of Investcorp Credit Management BDC during the fourth quarter worth about $71,000. North Ground Capital acquired a new stake in shares of Investcorp Credit Management BDC in the 4th quarter worth $147,000. Finally, Bulldog Investors LLP boosted its holdings in Investcorp Credit Management BDC by 7.7% in the 1st quarter. Bulldog Investors LLP now owns 596,780 shares of the company’s stock valued at $967,000 after purchasing an additional 42,583 shares in the last quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.
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.
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