Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 28.1% in May

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 14,600 shares, an increase of 28.1% from the May 15th total of 11,400 shares. Based on an average daily volume of 41,700 shares, the days-to-cover ratio is currently 0.4 days.

Investcorp Credit Management BDC Price Performance

Shares of NASDAQ:ICMB traded down $0.10 during midday trading on Monday, reaching $3.45. 95,940 shares of the company were exchanged, compared to its average volume of 39,770. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.53. The business’s fifty day moving average is $3.24 and its two-hundred day moving average is $3.37. Investcorp Credit Management BDC has a one year low of $2.98 and a one year high of $4.50. The stock has a market cap of $49.68 million, a PE ratio of 172.50 and a beta of 1.67.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Investcorp Credit Management BDC had a net margin of 1.28% and a return on equity of 9.60%. The firm had revenue of $6.62 million during the quarter, compared to analyst estimates of $5.83 million. During the same quarter in the prior year, the business earned $0.18 earnings per share.

Investcorp Credit Management BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Sunday, May 26th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 23rd. This represents a $0.48 annualized dividend and a yield of 13.91%. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is currently 2,400.00%.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC increased its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,106 shares of the company’s stock after purchasing an additional 128,006 shares during the period. International Assets Investment Management LLC owned 1.24% of Investcorp Credit Management BDC worth $633,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other 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.