Investcorp Credit Management BDC (NASDAQ:ICMB – Get Free Report) issued its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04), Yahoo Finance reports. The business had revenue of $5.12 million during the quarter. Investcorp Credit Management BDC had a net margin of 1.28% and a return on equity of 9.60%.
Investcorp Credit Management BDC Price Performance
Shares of ICMB remained flat at $3.14 during mid-day trading on Friday. 43,421 shares of the stock were exchanged, compared to its average volume of 33,417. The firm has a 50-day moving average of $3.24 and a two-hundred day moving average of $3.25. Investcorp Credit Management BDC has a 12 month low of $2.98 and a 12 month high of $4.12. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.53. The stock has a market cap of $45.22 million, a price-to-earnings ratio of 156.50 and a beta of 1.67.
Investcorp Credit Management BDC Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 16th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 15.29%. The ex-dividend date of this dividend is Wednesday, October 16th. Investcorp Credit Management BDC’s dividend payout ratio is presently 2,400.00%.
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.
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