Investcorp Credit Management BDC (NASDAQ:ICMB) Issues Earnings Results, Misses Estimates By $0.12 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) released its quarterly earnings data on Friday. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12), FiscalAI reports. The firm had revenue of $0.16 million during the quarter, compared to analyst estimates of $4.70 million. Investcorp Credit Management BDC had a positive return on equity of 2.26% and a negative net margin of 118.71%.

Investcorp Credit Management BDC Trading Up 1.9%

Shares of NASDAQ:ICMB traded up $0.02 during mid-day trading on Friday, hitting $0.84. The stock had a trading volume of 26,323 shares, compared to its average volume of 36,917. The company’s 50 day moving average is $0.96 and its 200-day moving average is $1.70. Investcorp Credit Management BDC has a 12-month low of $0.73 and a 12-month high of $3.12. The company has a debt-to-equity ratio of 2.07, a quick ratio of 3.88 and a current ratio of 3.88. The company has a market cap of $12.11 million, a PE ratio of -0.61 and a beta of 0.60.

Hedge Funds Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its stake in Investcorp Credit Management BDC stock. Bulldog Investors LLP grew its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 554,197 shares of the company’s stock after buying an additional 31,445 shares during the period. Bulldog Investors LLP owned approximately 3.84% of Investcorp Credit Management BDC worth $1,496,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Investcorp Credit Management BDC in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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.