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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 16,000 shares, an increase of 102.5% from the October 31st total of 7,900 shares. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is currently 0.4 days.

Investcorp Credit Management BDC Stock Performance

Shares of NASDAQ ICMB traded down $0.05 during mid-day trading on Friday, hitting $3.20. The stock had a trading volume of 19,013 shares, compared to its average volume of 35,718. The firm has a market cap of $46.11 million, a PE ratio of 9.70 and a beta of 1.67. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00. Investcorp Credit Management BDC has a twelve month low of $2.91 and a twelve month high of $3.96. The company has a 50 day moving average of $3.12 and a two-hundred day moving average of $3.22.

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

Investcorp Credit Management BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 15.00%. The ex-dividend date is Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is 145.46%.

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 Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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. Hedge funds and other institutional investors own 7.76% of the company’s stock.

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.