Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Update

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 13,700 shares, an increase of 197.8% from the September 30th total of 4,600 shares. Based on an average daily volume of 31,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC lifted its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,569 shares of the company’s stock after buying an additional 69,119 shares during the period. International Assets Investment Management LLC owned approximately 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent quarter. 7.76% of the stock is owned by institutional investors.

Investcorp Credit Management BDC Stock Down 1.3 %

Investcorp Credit Management BDC stock opened at $3.04 on Monday. The business has a fifty day moving average price of $3.18 and a 200-day moving average price of $3.24. Investcorp Credit Management BDC has a 1-year low of $2.98 and a 1-year high of $3.96. The stock has a market capitalization of $43.78 million, a price-to-earnings ratio of 152.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.64 and a quick ratio of 0.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Investcorp Credit Management BDC had a positive return on equity of 8.87% and a negative net margin of 15.46%. The business had revenue of $5.12 million during the quarter.

Investcorp Credit Management BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 15.79%. The ex-dividend date of this dividend is Wednesday, October 16th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is presently 2,400.00%.

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.