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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 2,800 shares, a decrease of 40.4% from the June 30th total of 4,700 shares. Based on an average trading volume of 42,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,106 shares of the company’s stock after acquiring an additional 128,006 shares during the period. International Assets Investment Management LLC owned approximately 1.24% of Investcorp Credit Management BDC worth $633,000 as of its most recent SEC filing. Institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Trading Down 0.6 %

Shares of Investcorp Credit Management BDC stock traded down $0.02 during midday trading on Friday, reaching $3.32. 56,739 shares of the company’s stock traded hands, compared to its average volume of 36,927. The company has a market cap of $47.81 million, a PE ratio of 166.00 and a beta of 1.68. The stock has a 50 day moving average of $3.30 and a 200-day moving average of $3.32. Investcorp Credit Management BDC has a 12 month low of $2.98 and a 12 month high of $4.50. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.64 and a current ratio of 1.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $6.62 million for the quarter, compared to analysts’ expectations of $5.83 million. Investcorp Credit Management BDC had a return on equity of 9.60% and a net margin of 1.28%. During the same period in the prior year, the firm earned $0.18 earnings per share.

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.