Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Down 1.1% – What’s Next?

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) fell 1.1% during mid-day trading on Monday . The company traded as low as $2.79 and last traded at $2.81. 25,305 shares changed hands during trading, a decline of 27% from the average session volume of 34,861 shares. The stock had previously closed at $2.84.

Investcorp Credit Management BDC Trading Down 1.1%

The stock has a market cap of $40.49 million, a P/E ratio of 6.39 and a beta of 0.78. The firm’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $2.97. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.66 and a quick ratio of 1.66.

Hedge Funds Weigh In On Investcorp Credit Management BDC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in shares of Investcorp Credit Management BDC during the first quarter valued at approximately $38,000. Raymond James Financial Inc. purchased a new stake in shares of Investcorp Credit Management BDC during the fourth quarter valued at approximately $68,000. Westbourne Investments Inc. purchased a new stake in shares of Investcorp Credit Management BDC during the first quarter valued at approximately $100,000. Finally, Bulldog Investors LLP purchased a new stake in shares of Investcorp Credit Management BDC during the fourth quarter valued at approximately $233,000. 7.76% of the stock is owned by institutional investors.

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.