Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Down 2.5% – Should You Sell?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)’s stock price traded down 2.5% during trading on Tuesday . The company traded as low as $1.17 and last traded at $1.17. 62,910 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 73,844 shares. The stock had previously closed at $1.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Investcorp Credit Management BDC in a research report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Investcorp Credit Management BDC has an average rating of “Sell”.

Investcorp Credit Management BDC Stock Performance

The stock has a market capitalization of $16.88 million, a price-to-earnings ratio of -0.85 and a beta of 0.57. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 2.07. The stock’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $2.26.

Investcorp Credit Management BDC (NASDAQ:ICMB) last released 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). The firm had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.22 million. Investcorp Credit Management BDC had a negative net margin of 118.71% and a positive return on equity of 2.26%.

Institutional Investors Weigh In On Investcorp Credit Management BDC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpine Global Management LLC acquired a new stake in Investcorp Credit Management BDC in the 4th quarter valued at about $71,000. North Ground Capital acquired a new stake in Investcorp Credit Management BDC in the 4th quarter valued at about $147,000. Finally, Bulldog Investors LLP increased its position in Investcorp Credit Management BDC by 7.7% in the 1st quarter. Bulldog Investors LLP now owns 596,780 shares of the company’s stock valued at $967,000 after acquiring an additional 42,583 shares in the last quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

About Investcorp Credit Management BDC

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.