Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Down 3.1%

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Rating)’s stock price dropped 3.1% on Friday . The stock traded as low as $3.74 and last traded at $3.74. Approximately 52,786 shares were traded during trading, an increase of 137% from the average daily volume of 22,287 shares. The stock had previously closed at $3.86.

Investcorp Credit Management BDC Price Performance

The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 1.57. The firm has a market cap of $53.82 million, a P/E ratio of -28.77 and a beta of 1.84. The company has a fifty day moving average price of $3.90 and a two-hundred day moving average price of $3.95.

Investcorp Credit Management BDC (NASDAQ:ICMB – Get Rating) last released its quarterly earnings data on Tuesday, February 14th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Investcorp Credit Management BDC had a negative net margin of 7.56% and a positive return on equity of 9.51%. The business had revenue of $6.78 million for the quarter, compared to the consensus estimate of $6.91 million. During the same quarter last year, the firm earned $0.15 EPS. Equities analysts anticipate that Investcorp Credit Management BDC, Inc. will post 0.64 earnings per share for the current year.

Investcorp Credit Management BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Friday, March 10th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 16.04%. The ex-dividend date is Thursday, March 9th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is presently -400.00%.

Institutional Investors Weigh In On Investcorp Credit Management BDC

Several institutional investors have recently bought and sold shares of ICMB. International Assets Investment Management LLC lifted its stake in Investcorp Credit Management BDC by 159.0% in the 4th quarter. International Assets Investment Management LLC now owns 127,165 shares of the company’s stock valued at $448,000 after acquiring an additional 78,065 shares in the last quarter. LPL Financial LLC lifted its stake in Investcorp Credit Management BDC by 601.9% in the 2nd quarter. LPL Financial LLC now owns 90,471 shares of the company’s stock valued at $384,000 after acquiring an additional 77,581 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Investcorp Credit Management BDC in the 4th quarter valued at approximately $41,000. Raymond James Financial Services Advisors Inc. lifted its stake in Investcorp Credit Management BDC by 29.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 50,321 shares of the company’s stock valued at $180,000 after acquiring an additional 11,312 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Investcorp Credit Management BDC in the 3rd quarter valued at approximately $40,000. Institutional investors own 12.41% of the company’s stock.

About Investcorp Credit Management BDC

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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.