International Assets Investment Management LLC Has $318,000 Position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)

International Assets Investment Management LLC raised its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,569 shares of the company’s stock after purchasing an additional 69,119 shares during the period. International Assets Investment Management LLC owned 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent quarter.

Investcorp Credit Management BDC Trading Down 1.7 %

Shares of Investcorp Credit Management BDC stock opened at $2.97 on Thursday. The firm has a 50-day moving average of $3.14 and a 200-day moving average of $3.23. The stock has a market cap of $42.78 million, a PE ratio of -11.88 and a beta of 1.67. Investcorp Credit Management BDC, Inc. has a 52-week low of $2.91 and a 52-week high of $3.96. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $5.12 million during the quarter. Investcorp Credit Management BDC had a negative net margin of 15.46% and a positive return on equity of 8.87%.

Investcorp Credit Management BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $0.48 annualized dividend and a yield of 16.16%. Investcorp Credit Management BDC’s dividend payout ratio is -192.00%.

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.