Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Earnings Results, Misses Expectations By $0.17 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) announced its quarterly earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17), Zacks reports. Investcorp Credit Management BDC had a negative net margin of 134.21% and a positive return on equity of 0.86%.

Investcorp Credit Management BDC Trading Up 2.6%

Investcorp Credit Management BDC stock traded up $0.02 during mid-day trading on Wednesday, hitting $0.62. 33,610 shares of the stock were exchanged, compared to its average volume of 65,883. Investcorp Credit Management BDC has a 12 month low of $0.59 and a 12 month high of $3.12. The company has a quick ratio of 7.28, a current ratio of 7.28 and a debt-to-equity ratio of 2.20. The firm’s fifty day simple moving average is $0.76 and its two-hundred day simple moving average is $1.43. The stock has a market capitalization of $8.92 million, a price-to-earnings ratio of -0.44 and a beta of 0.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Investcorp Credit Management BDC from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) is a business development company that provides financing to privately held, middle-market companies in the United States. The company seeks to generate income primarily through investments in debt securities, while also pursuing opportunities for long-term capital appreciation. Its investment portfolio may include senior secured first-lien and second-lien loans, subordinated debt, mezzanine financing and, in some cases, equity-related investments.