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Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Update

kopsource · Sep 29, 2022 10:02

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Rating) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 18,100 shares, an increase of 570.4% from the August 31st total of 2,700 shares. Based on an average trading volume of 16,000 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. LPL Financial LLC lifted its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Rating) by 601.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,471 shares of the company's stock after buying an additional 77,581 shares during the quarter. LPL Financial LLC owned 0.63% of Investcorp Credit Management BDC worth $384,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 37.43% of the company's stock.

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Investcorp Credit Management BDC Price Performance

Shares of Investcorp Credit Management BDC stock opened at $3.71 on Thursday. The business's fifty day moving average price is $4.45 and its 200 day moving average price is $4.65. Investcorp Credit Management BDC has a twelve month low of $3.48 and a twelve month high of $5.73. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $53.39 million, a P/E ratio of 20.61 and a beta of 1.89.

Investcorp Credit Management BDC (NASDAQ:ICMB – Get Rating) last issued its earnings results on Tuesday, September 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. Investcorp Credit Management BDC had a return on equity of 9.02% and a net margin of 10.59%. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, research analysts anticipate that Investcorp Credit Management BDC will post 0.64 earnings per share for the current year.

Investcorp Credit Management BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 16.17%. Investcorp Credit Management BDC's dividend payout ratio (DPR) is 333.33%.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of Investcorp Credit Management BDC from a "c-" rating to a "d" rating in a research report on Wednesday, August 3rd.

Investcorp Credit Management BDC Company Profile

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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.