Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 4,100 shares, a decrease of 75.0% from the April 15th total of 16,400 shares. Based on an average daily trading volume, of 25,400 shares, the short-interest ratio is currently 0.2 days.
In related news, major shareholder Cyrus Capital Partners, L.P. sold 2,165,000 shares of the company’s stock in a transaction that occurred 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 $8,690,053.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.57% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of ICMB. Advisor Group Holdings Inc. raised its position in shares of 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 acquiring an additional 3,000 shares in the last quarter. Citadel Advisors LLC acquired a new position in Investcorp Credit Management BDC during the second quarter worth approximately $79,000. Royal Bank of Canada acquired a new position in Investcorp Credit Management BDC during the third quarter worth approximately $109,000. International Assets Investment Management LLC increased its position in Investcorp Credit Management BDC by 7.2% during the fourth 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 period. Finally, Raymond James & Associates increased its position in Investcorp Credit Management BDC by 12.6% during the third 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 period. 28.00% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ ICMB traded up $0.13 during mid-day trading on Friday, hitting $4.28. The stock had a trading volume of 100 shares, compared to its average volume of 22,451. The firm’s 50 day moving average is $5.11 and its 200 day moving average is $5.26. Investcorp Credit Management BDC has a twelve month low of $4.07 and a twelve month high of $6.58. The company has a debt-to-equity ratio of 1.73, a current ratio of 6.75 and a quick ratio of 1.34. The stock has a market capitalization of $61.59 million, a price-to-earnings ratio of -10.64 and a beta of 2.05.
Investcorp Credit Management BDC (NASDAQ:ICMB – Get Rating) last announced its earnings results on Monday, May 9th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Investcorp Credit Management BDC had a positive return on equity of 7.97% and a negative net margin of 20.69%. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Investcorp Credit Management BDC will post 0.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Investors of record on Friday, June 17th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 14.02%. The ex-dividend date of this dividend is Thursday, June 16th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is -153.84%.
Investcorp Credit Management BDC Company Profile (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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