Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Down 1.4% – What’s Next?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)’s stock price fell 1.4% on Friday . The stock traded as low as $2.75 and last traded at $2.77. 11,266 shares changed hands during trading, a decline of 68% from the average session volume of 35,018 shares. The stock had previously closed at $2.81.

Investcorp Credit Management BDC Price Performance

The stock has a market capitalization of $39.92 million, a P/E ratio of 6.30 and a beta of 0.77. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.53. The company has a fifty day simple moving average of $2.85 and a two-hundred day simple moving average of $3.01.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $4.78 million for the quarter, compared to the consensus estimate of $5.45 million. Investcorp Credit Management BDC had a return on equity of 6.51% and a net margin of 29.82%.

Investcorp Credit Management BDC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, June 14th. Investors of record on Saturday, May 24th were given a $0.12 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.33%. Investcorp Credit Management BDC’s dividend payout ratio is 109.09%.

Institutional Trading of Investcorp Credit Management BDC

A number of hedge funds have recently modified their holdings of ICMB. Ethos Financial Group LLC acquired a new stake in shares of Investcorp Credit Management BDC in the 1st quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new stake in shares of Investcorp Credit Management BDC in the 4th quarter valued at approximately $68,000. Westbourne Investments Inc. acquired a new stake in shares of Investcorp Credit Management BDC in the 1st quarter valued at approximately $100,000. Finally, Bulldog Investors LLP acquired a new stake in shares of Investcorp Credit Management BDC in the 4th quarter valued at approximately $233,000. 7.76% of the stock is currently owned by institutional investors and hedge funds.

About Investcorp Credit Management BDC

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.