Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Earnings Results, Misses Expectations By $0.04 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) announced its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04), Yahoo Finance reports. The business had revenue of $5.12 million for the quarter. Investcorp Credit Management BDC had a return on equity of 9.60% and a net margin of 1.28%.

Investcorp Credit Management BDC Price Performance

Shares of NASDAQ ICMB opened at $3.14 on Friday. Investcorp Credit Management BDC has a fifty-two week low of $2.98 and a fifty-two week high of $4.12. The stock has a market capitalization of $45.22 million, a price-to-earnings ratio of 157.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.64 and a quick ratio of 1.64. The business has a 50-day moving average of $3.23 and a 200-day moving average of $3.24.

Investcorp Credit Management BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 16th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, October 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.29%. Investcorp Credit Management BDC’s dividend payout ratio is 2,400.00%.

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.