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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 13,700 shares, a growth of 197.8% from the September 30th total of 4,600 shares. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is currently 0.4 days.

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 raised its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,569 shares of the company’s stock after acquiring an additional 69,119 shares during the quarter. International Assets Investment Management LLC owned approximately 0.71% of Investcorp Credit Management BDC worth $318,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Stock Down 1.3 %

Shares of NASDAQ:ICMB traded down $0.04 during mid-day trading on Friday, hitting $3.04. 14,933 shares of the company traded hands, compared to its average volume of 35,156. The stock has a 50-day moving average price of $3.18 and a two-hundred day moving average price of $3.24. Investcorp Credit Management BDC has a 12-month low of $2.98 and a 12-month high of $3.96. The stock has a market cap of $43.78 million, a P/E ratio of 152.00 and a beta of 1.67. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.42.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $5.12 million during the quarter. Investcorp Credit Management BDC had a positive return on equity of 8.87% and a negative net margin of 15.46%.

Investcorp Credit Management BDC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 16th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.79%. The ex-dividend date of this dividend is Wednesday, October 16th. Investcorp Credit Management BDC’s payout ratio is 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.