Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 121.2% in September

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 34,500 shares, an increase of 121.2% from the September 15th total of 15,600 shares. Based on an average daily volume of 34,300 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 34,300 shares, the days-to-cover ratio is presently 1.0 days.

Investcorp Credit Management BDC Trading Down 0.7%

Shares of Investcorp Credit Management BDC stock opened at $2.82 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.77. Investcorp Credit Management BDC has a 12-month low of $2.46 and a 12-month high of $3.47. The company has a market capitalization of $40.69 million, a price-to-earnings ratio of 5.22 and a beta of 0.92. The firm’s 50-day moving average price is $2.87 and its two-hundred day moving average price is $2.83.

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

Investcorp Credit Management BDC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date of this dividend was Thursday, September 18th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is currently 88.89%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Investcorp Credit Management BDC presently has an average rating of “Sell”.

Institutional Investors Weigh In On Investcorp Credit Management BDC

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. Westbourne Investments Inc. acquired a new stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 31,000 shares of the company’s stock, valued at approximately $100,000. Westbourne Investments Inc. owned approximately 0.22% of Investcorp Credit Management BDC as of its most recent SEC filing. Institutional investors and hedge funds 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.