Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Down 80.9% in June

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 4,700 shares, a decline of 80.9% from the June 15th total of 24,600 shares. Based on an average daily trading volume, of 41,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Investcorp Credit Management BDC

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

Investcorp Credit Management BDC Stock Down 1.5 %

NASDAQ:ICMB traded down $0.05 during trading hours on Thursday, reaching $3.28. 40,150 shares of the company traded hands, compared to its average volume of 37,887. The business’s 50-day moving average price is $3.29 and its two-hundred day moving average price is $3.34. The stock has a market capitalization of $47.24 million, a P/E ratio of 166.50 and a beta of 1.68. Investcorp Credit Management BDC has a 1 year low of $2.98 and a 1 year high of $4.50. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.53.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Investcorp Credit Management BDC had a return on equity of 9.60% and a net margin of 1.28%. The firm had revenue of $6.62 million during the quarter, compared to analysts’ expectations of $5.83 million. During the same quarter in the previous year, the business earned $0.18 earnings per share.

Investcorp Credit Management BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Sunday, May 26th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 14.63%. The ex-dividend date of this dividend was Thursday, May 23rd. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is presently 2,400.00%.

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.