Investcorp Credit Management BDC (NASDAQ:ICMB) Trading Up 2.3%

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) were up 2.3% on Monday . The stock traded as high as $3.27 and last traded at $3.27. Approximately 12,853 shares traded hands during trading, a decline of 60% from the average daily volume of 31,744 shares. The stock had previously closed at $3.20.

Investcorp Credit Management BDC Trading Up 2.3 %

The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $47.09 million, a price-to-earnings ratio of -14.22 and a beta of 1.66. The company has a 50 day moving average price of $3.26 and a two-hundred day moving average price of $3.45.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its earnings results on Monday, February 12th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $6.24 million during the quarter, compared to the consensus estimate of $5.94 million. Investcorp Credit Management BDC had a positive return on equity of 9.90% and a negative net margin of 12.39%. On average, research analysts forecast that Investcorp Credit Management BDC, Inc. will post 0.47 EPS for the current year.

Investcorp Credit Management BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 18.35%. The ex-dividend date of this dividend was Thursday, March 14th. Investcorp Credit Management BDC’s dividend payout ratio is currently -208.70%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC boosted its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 178,106 shares of the company’s stock after purchasing an additional 128,006 shares during the quarter. International Assets Investment Management LLC owned about 1.24% of Investcorp Credit Management BDC worth $633,000 at the end of the most recent reporting period. Institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Company Profile

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.