Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Up 1.1% – Here’s What Happened

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)’s stock price shot up 1.1% on Thursday . The stock traded as high as $2.85 and last traded at $2.81. 10,097 shares changed hands during trading, a decline of 78% from the average session volume of 45,514 shares. The stock had previously closed at $2.78.

Investcorp Credit Management BDC Price Performance

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $40.55 million, a P/E ratio of 5.20 and a beta of 0.84. The firm has a fifty day moving average price of $2.84 and a two-hundred day moving average price of $2.88.

Investcorp Credit Management BDC (NASDAQ:ICMB) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). Investcorp Credit Management BDC had a net margin of 38.05% and a return on equity of 5.59%. The business had revenue of $4.55 million for the quarter, compared to analysts’ expectations of $5.52 million.

Investcorp Credit Management BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.48 annualized dividend and a dividend yield of 17.1%. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is 88.89%.

Institutional Investors Weigh In On Investcorp Credit Management BDC

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. Ethos Financial Group LLC acquired a new stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,840 shares of the company’s stock, valued at approximately $38,000. Ethos Financial Group LLC owned about 0.08% of Investcorp Credit Management BDC at the end of the most recent reporting period. Hedge funds and other 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.