Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Large Decline in Short Interest

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 2,100 shares, a decline of 91.7% from the December 31st total of 25,400 shares. Based on an average daily trading volume, of 42,600 shares, the short-interest ratio is presently 0.0 days.

Investcorp Credit Management BDC Trading Down 0.2 %

Shares of NASDAQ ICMB opened at $3.11 on Wednesday. Investcorp Credit Management BDC has a 1-year low of $2.91 and a 1-year high of $3.77. The company has a market cap of $44.74 million, a PE ratio of 9.41 and a beta of 1.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average of $3.12 and a two-hundred day moving average of $3.16.

Investcorp Credit Management BDC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.46%. The ex-dividend date was Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio is presently 145.46%.

Hedge Funds Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC increased its holdings in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,569 shares of the company’s stock after buying 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. 7.76% of the stock is currently owned by institutional investors.

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.