Investcorp Credit Management BDC (NASDAQ:ICMB) Trading Up 3.5% – Should You Buy?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)’s stock price traded up 3.5% on Monday . The stock traded as high as $1.8288 and last traded at $1.77. 51,362 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 61,941 shares. The stock had previously closed at $1.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Investcorp Credit Management BDC Price Performance

The company has a market capitalization of $27.11 million, a PE ratio of -188.00 and a beta of 0.42. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.75. The stock has a fifty day simple moving average of $2.72 and a 200-day simple moving average of $2.79.

Institutional Investors Weigh In On Investcorp Credit Management BDC

Several institutional investors have recently added to or reduced their stakes in the business. Bulldog Investors LLP increased its stake in Investcorp Credit Management BDC by 6.0% in the fourth quarter. Bulldog Investors LLP now owns 554,197 shares of the company’s stock valued at $1,496,000 after purchasing an additional 31,445 shares during the last quarter. North Ground Capital acquired a new position in shares of Investcorp Credit Management BDC in the 4th quarter valued at $147,000. Finally, Alpine Global Management LLC purchased a new position in shares of Investcorp Credit Management BDC in the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 7.76% of the company’s stock.

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.