Investcorp Credit Management BDC (NASDAQ:ICMB) Announces Earnings Results

Investcorp Credit Management BDC (NASDAQ:ICMBGet Rating) released its earnings results on Monday. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16, MarketWatch Earnings reports. Investcorp Credit Management BDC had a positive return on equity of 7.79% and a negative net margin of 5.76%. During the same period last year, the business earned $0.13 EPS.

NASDAQ:ICMB opened at $4.27 on Wednesday. Investcorp Credit Management BDC has a 52 week low of $4.07 and a 52 week high of $6.58. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $61.42 million, a P/E ratio of -35.58 and a beta of 2.05. The stock’s fifty day moving average is $5.14 and its two-hundred day moving average is $5.27.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Investcorp Credit Management BDC from a “hold” rating to a “sell” rating in a research report on Friday, April 8th. TheStreet upgraded Investcorp Credit Management BDC from a “d” rating to a “c-” rating in a research report on Wednesday, May 4th.

In related news, major shareholder Cyrus Capital Partners, L.P. sold 2,165,000 shares of the business’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $6.93, for a total value of $15,003,450.00. Following the sale, the insider now owns 1,253,976 shares in the company, valued at approximately $8,690,053.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.63% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. Citadel Advisors LLC bought a new position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMBGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,361 shares of the company’s stock, valued at approximately $79,000. Citadel Advisors LLC owned approximately 0.10% of Investcorp Credit Management BDC at the end of the most recent quarter. Institutional investors own 28.00% of the company’s stock.

About Investcorp Credit Management BDC (Get Rating)

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.

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Earnings History for Investcorp Credit Management BDC (NASDAQ:ICMB)

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