Raymond James Financial Inc. Invests $68,000 in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)

Raymond James Financial Inc. purchased a new stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 22,571 shares of the company’s stock, valued at approximately $68,000. Raymond James Financial Inc. owned 0.16% of Investcorp Credit Management BDC at the end of the most recent reporting period.

Investcorp Credit Management BDC Price Performance

Shares of NASDAQ ICMB opened at $2.56 on Monday. The company has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $3.11. Investcorp Credit Management BDC, Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $3.67. The company has a market capitalization of $36.90 million, a price-to-earnings ratio of 7.76 and a beta of 1.29. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $4.78 million during the quarter, compared to analysts’ expectations of $5.45 million. Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%.

Investcorp Credit Management BDC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 18.75%. The ex-dividend date of this dividend is Friday, April 25th. Investcorp Credit Management BDC’s dividend payout ratio is presently 104.35%.

About Investcorp Credit Management BDC

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.