Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Down 0.4% – Time to Sell?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) shares were down 0.4% on Thursday . The stock traded as low as $2.77 and last traded at $2.78. Approximately 35,664 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 17,541 shares. The stock had previously closed at $2.79.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Investcorp Credit Management BDC currently has a consensus rating of “Sell”.

Investcorp Credit Management BDC Stock Performance

The firm has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $2.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.75. The stock has a market cap of $40.09 million, a price-to-earnings ratio of -278.00 and a beta of 0.42.

Investcorp Credit Management BDC (NASDAQ:ICMB) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The firm had revenue of $4.36 million for the quarter, compared to the consensus estimate of $4.41 million. Investcorp Credit Management BDC had a negative net margin of 0.30% and a positive return on equity of 3.33%.

Investcorp Credit Management BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 17.3%. The ex-dividend date of this dividend was Monday, December 1st. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is presently -4,800.00%.

Institutional Trading of Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. Bulldog Investors LLP raised its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 45.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 522,752 shares of the company’s stock after acquiring an additional 164,281 shares during the quarter. Bulldog Investors LLP owned approximately 3.63% of Investcorp Credit Management BDC worth $1,453,000 as of its most recent filing with the SEC. 7.76% of the stock is owned by institutional investors.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC Inc (NASDAQ: ICMB) is a closed-end, non-diversified management investment company that provides investors exposure to private credit markets through direct lending strategies. As a business development company, ICMB focuses on originating, structuring and managing tailored financing solutions for U.S. middle-market corporations. The company’s portfolio includes senior secured loans, second-lien debt, subordinated debt and equity co-investments, with an emphasis on risk-adjusted returns and capital preservation.

The company is externally managed by Investcorp Credit Management US LLC, part of the Investcorp group, a global alternative investment firm founded in 1982.