Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Significant Decrease in Short Interest

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,100 shares, a decline of 30.1% from the February 28th total of 7,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 0.2 days.

Investcorp Credit Management BDC Stock Performance

ICMB stock remained flat at $3.21 on Tuesday. 9,788 shares of the company traded hands, compared to its average volume of 33,710. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. Investcorp Credit Management BDC has a 52 week low of $2.91 and a 52 week high of $3.67. The company has a market capitalization of $46.27 million, a PE ratio of 9.73 and a beta of 1.72. The company has a 50-day moving average of $3.17 and a 200-day moving average of $3.14.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $4.78 million for the quarter, compared to analysts’ expectations of $5.45 million. Investcorp Credit Management BDC had a net margin of 18.53% and a return on equity of 9.83%.

Investcorp Credit Management BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, April 25th. This represents a $0.48 annualized dividend and a yield of 14.95%. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is 104.35%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. Bulldog Investors LLP bought a new stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 76,832 shares of the company’s stock, valued at approximately $233,000. Bulldog Investors LLP owned approximately 0.53% of Investcorp Credit Management BDC as of its most recent filing with the Securities and Exchange Commission (SEC). 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.