Investcorp Credit Management BDC (ICMB) Projected to Post Earnings on Tuesday

Investcorp Credit Management BDC (NASDAQ:ICMB) is projected to post its results after the market closes on Tuesday, May 12th. Analysts expect Investcorp Credit Management BDC to post earnings of $0.04 per share and revenue of $4.6150 million for the quarter.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings results on Monday, March 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Investcorp Credit Management BDC had a positive return on equity of 2.64% and a negative net margin of 50.86%.The company had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.22 million.

Investcorp Credit Management BDC Stock Down 2.5%

Shares of ICMB traded down $0.05 during mid-day trading on Tuesday, reaching $1.77. The company had a trading volume of 13,909 shares, compared to its average volume of 48,587. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.10 and a current ratio of 4.10. The firm has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.58. Investcorp Credit Management BDC has a 52 week low of $1.29 and a 52 week high of $3.12. The company has a market capitalization of $25.45 million, a price-to-earnings ratio of -2.85 and a beta of 0.67.

Hedge Funds Weigh In On Investcorp Credit Management BDC

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. North Ground Capital acquired a new position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned about 0.38% of Investcorp Credit Management BDC as of its most recent SEC filing. 7.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.