Short Interest in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Grows By 161.9%

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 25,400 shares, an increase of 161.9% from the November 30th total of 9,700 shares. Based on an average daily volume of 42,900 shares, the days-to-cover ratio is presently 0.6 days.

Investcorp Credit Management BDC Trading Down 0.7 %

Shares of ICMB stock opened at $3.05 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $43.94 million, a price-to-earnings ratio of 9.24 and a beta of 1.66. The company has a 50-day simple moving average of $3.10 and a two-hundred day simple moving average of $3.21. Investcorp Credit Management BDC has a 52-week low of $2.91 and a 52-week high of $3.96.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced 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). Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%. The company had revenue of $5.12 million during the quarter.

Investcorp Credit Management BDC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.48 dividend on an annualized basis and a yield of 15.74%. Investcorp Credit Management BDC’s payout ratio is 145.45%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 101,569 shares of the company’s stock after buying 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 reporting period. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

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.