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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 25,400 shares, an increase of 161.9% from the November 30th total of 9,700 shares. Based on an average trading volume of 42,900 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds 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 increased its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,569 shares of the company’s stock after purchasing an additional 69,119 shares during the period. International Assets Investment Management LLC owned 0.71% of Investcorp Credit Management BDC worth $318,000 as of its most recent filing with the Securities & Exchange Commission. 7.76% of the stock is owned by hedge funds and other institutional investors.

Investcorp Credit Management BDC Price Performance

ICMB stock opened at $3.07 on Friday. The company has a 50-day moving average price of $3.11 and a 200 day moving average price of $3.21. Investcorp Credit Management BDC has a 12 month low of $2.91 and a 12 month high of $3.96. The stock has a market cap of $44.23 million, a PE ratio of 9.30 and a beta of 1.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings data on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $5.12 million during the quarter. Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%.

Investcorp Credit Management BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, December 20th. This represents a $0.48 annualized dividend and a yield of 15.64%. Investcorp Credit Management BDC’s payout ratio is presently 145.45%.

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.