Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Down 2.2%

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMBGet Rating)’s share price was down 2.2% during trading on Monday . The stock traded as low as $3.68 and last traded at $3.71. Approximately 24,071 shares changed hands during mid-day trading, an increase of 84% from the average daily volume of 13,077 shares. The stock had previously closed at $3.80.

Investcorp Credit Management BDC Trading Down 2.2 %

The stock has a market capitalization of $53.38 million, a PE ratio of 53.00 and a beta of 1.81. The firm has a 50 day moving average price of $3.78 and a 200 day moving average price of $4.08. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.64.

Investcorp Credit Management BDC (NASDAQ:ICMBGet Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $6.30 million during the quarter, compared to the consensus estimate of $6.16 million. Investcorp Credit Management BDC had a return on equity of 9.20% and a net margin of 3.95%. Equities analysts expect that Investcorp Credit Management BDC, Inc. will post 0.65 EPS for the current fiscal year.

Investcorp Credit Management BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Stockholders of record on Friday, December 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 16.17%. The ex-dividend date of this dividend is Thursday, December 15th. Investcorp Credit Management BDC’s dividend payout ratio is presently 742.86%.

Hedge Funds Weigh In On Investcorp Credit Management BDC

Several institutional investors have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Investcorp Credit Management BDC in the third quarter valued at approximately $40,000. Raymond James Financial Services Advisors Inc. grew its holdings in Investcorp Credit Management BDC by 29.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 50,321 shares of the company’s stock valued at $180,000 after purchasing an additional 11,312 shares during the period. Finally, LPL Financial LLC grew its holdings in Investcorp Credit Management BDC by 601.9% during the second quarter. LPL Financial LLC now owns 90,471 shares of the company’s stock valued at $384,000 after purchasing an additional 77,581 shares during the period. 12.41% of the stock is owned by institutional investors.

About Investcorp Credit Management BDC

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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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