Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 197.8% in October

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a large growth in short interest in the month of 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 trading volume, of 31,600 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors 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 grew its holdings in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,569 shares of the company’s stock after purchasing an additional 69,119 shares during the period. International Assets Investment Management LLC owned about 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent quarter. 7.76% of the stock is owned by hedge funds and other institutional investors.

Investcorp Credit Management BDC Stock Down 0.6 %

Investcorp Credit Management BDC stock opened at $3.06 on Friday. The company has a 50 day moving average of $3.19 and a 200-day moving average of $3.25. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.42. Investcorp Credit Management BDC has a twelve month low of $2.98 and a twelve month high of $3.96. The stock has a market capitalization of $44.07 million, a PE ratio of 153.00 and a beta of 1.67.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings data on Wednesday, September 25th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $5.12 million during the quarter. Investcorp Credit Management BDC had a negative net margin of 15.46% and a positive return on equity of 8.87%.

Investcorp Credit Management BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 16th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.69%. Investcorp Credit Management BDC’s payout ratio is presently 2,400.00%.

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.