Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Down 30.1% in March

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 5,100 shares, a decrease of 30.1% from the February 28th total of 7,300 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Investcorp Credit Management BDC Stock Performance

Shares of NASDAQ:ICMB traded down $0.03 during trading hours on Monday, hitting $3.20. The stock had a trading volume of 13,390 shares, compared to its average volume of 33,834. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s fifty day simple moving average is $3.17 and its 200 day simple moving average is $3.14. The firm has a market capitalization of $46.12 million, a price-to-earnings ratio of 9.70 and a beta of 1.72. Investcorp Credit Management BDC has a 1-year low of $2.91 and a 1-year high of $3.67.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%. The business had revenue of $4.78 million for the quarter, compared to analyst estimates of $5.45 million.

Investcorp Credit Management BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.00%. The ex-dividend date is Friday, April 25th. Investcorp Credit Management BDC’s dividend payout ratio is currently 104.35%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. Bulldog Investors LLP acquired a new position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 76,832 shares of the company’s stock, valued at approximately $233,000. Bulldog Investors LLP owned approximately 0.53% of Investcorp Credit Management BDC as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.76% of the company’s stock.

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.