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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Rating) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 9,500 shares, an increase of 1,800.0% from the March 15th total of 500 shares. Based on an average trading volume of 26,500 shares, the short-interest ratio is presently 0.4 days.

Separately, Zacks Investment Research lowered Investcorp Credit Management BDC from a “hold” rating to a “sell” rating in a research report on Friday.

Shares of ICMB traded down $0.04 during trading hours on Tuesday, hitting $5.16. The company had a trading volume of 3,006 shares, compared to its average volume of 23,035. The company has a market capitalization of $74.25 million, a PE ratio of -43.00 and a beta of 2.17. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.77. Investcorp Credit Management BDC has a one year low of $4.77 and a one year high of $6.58. The company’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $5.33.

Investcorp Credit Management BDC (NASDAQ:ICMB – Get Rating) last released its quarterly earnings results on Monday, February 7th. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Investcorp Credit Management BDC had a positive return on equity of 7.79% and a negative net margin of 5.76%. The firm had revenue of $6.21 million during the quarter, compared to analyst estimates of $5.89 million. During the same period in the previous year, the company posted $0.22 EPS. Analysts forecast that Investcorp Credit Management BDC will post 0.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 11th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, March 10th. This represents a $0.60 annualized dividend and a yield of 11.63%. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is -499.96%.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. grew its stake in Investcorp Credit Management BDC by 176.1% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,704 shares of the company’s stock worth $25,000 after buying an additional 3,000 shares during the last quarter. Citadel Advisors LLC purchased a new position in Investcorp Credit Management BDC during the 2nd quarter worth $79,000. Royal Bank of Canada purchased a new position in Investcorp Credit Management BDC during the 3rd quarter worth $109,000. International Assets Investment Management LLC grew its stake in Investcorp Credit Management BDC by 7.2% during the 4th quarter. International Assets Investment Management LLC now owns 50,750 shares of the company’s stock worth $251,000 after buying an additional 3,400 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Investcorp Credit Management BDC by 12.6% during the 3rd quarter. Raymond James & Associates now owns 330,394 shares of the company’s stock worth $1,801,000 after buying an additional 36,846 shares during the last quarter. Hedge funds and other institutional investors own 38.13% of the company’s stock.

About Investcorp Credit Management BDC (Get Rating)

Investcorp Credit Management BDC, Inc operates as a closed-end investment fund. The company was founded in February, 2012 and is headquartered in New York, NY.

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