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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 3,500 shares, a decrease of 31.4% from the March 15th total of 5,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Investcorp Credit Management BDC

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. Bulldog Investors LLP acquired a new position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 76,832 shares of the company’s stock, valued at approximately $233,000. Bulldog Investors LLP owned about 0.53% of Investcorp Credit Management BDC at the end of the most recent quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Price Performance

Shares of NASDAQ ICMB traded up $0.07 during mid-day trading on Friday, reaching $2.84. 14,651 shares of the company traded hands, compared to its average volume of 36,079. The stock has a fifty day simple moving average of $3.07 and a 200-day simple moving average of $3.10. Investcorp Credit Management BDC has a fifty-two week low of $2.46 and a fifty-two week high of $3.67. The firm has a market cap of $40.94 million, a PE ratio of 8.61 and a beta of 1.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.00 and a quick ratio of 1.00.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its earnings results on Tuesday, March 25th. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $5.45 million.

Investcorp Credit Management BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 16.90%. The ex-dividend date is Friday, April 25th. Investcorp Credit Management BDC’s dividend payout ratio is 104.35%.

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.