International Assets Investment Management LLC Lowers Stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)

International Assets Investment Management LLC decreased its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 72.7% during the fourth quarter, Holdings Channel reports. The firm owned 27,750 shares of the company’s stock after selling 73,819 shares during the quarter. International Assets Investment Management LLC’s holdings in Investcorp Credit Management BDC were worth $85,000 at the end of the most recent quarter.

Investcorp Credit Management BDC Stock Performance

Shares of NASDAQ ICMB opened at $3.05 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $43.94 million, a PE ratio of 9.24 and a beta of 1.66. Investcorp Credit Management BDC, Inc. has a twelve month low of $2.91 and a twelve month high of $3.77. The stock has a fifty day simple moving average of $3.11 and a 200-day simple moving average of $3.18.

Investcorp Credit Management BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 15.74%. The ex-dividend date was Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio is currently 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.