Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Down 3.5% – Should You Sell?

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) dropped 3.5% during trading on Tuesday . The stock traded as low as $2.66 and last traded at $2.73. Approximately 67,000 shares changed hands during mid-day trading, an increase of 90% from the average daily volume of 35,288 shares. The stock had previously closed at $2.83.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Investcorp Credit Management BDC Price Performance

The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $39.37 million, a price-to-earnings ratio of -273.00 and a beta of 0.41. The business’s 50 day moving average price is $2.82 and its 200 day moving average price is $2.83.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Investcorp Credit Management BDC had a positive return on equity of 3.33% and a negative net margin of 0.30%.The firm had revenue of $4.36 million for the quarter, compared to analysts’ expectations of $4.41 million.

Investcorp Credit Management BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was Monday, December 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.6%. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is -4,800.00%.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. Westbourne Investments Inc. acquired a new stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 31,000 shares of the company’s stock, valued at approximately $100,000. Westbourne Investments Inc. owned 0.22% of Investcorp Credit Management BDC at the end of the most recent quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Investcorp Credit Management BDC Company Profile

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.