International Assets Investment Management LLC Sells 17,650 Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)

International Assets Investment Management LLC trimmed its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 35.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,450 shares of the company’s stock after selling 17,650 shares during the period. International Assets Investment Management LLC owned about 0.23% of Investcorp Credit Management BDC worth $103,000 as of its most recent SEC filing.

Investcorp Credit Management BDC Stock Down 1.8 %

NASDAQ ICMB opened at $3.34 on Friday. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.35. Investcorp Credit Management BDC, Inc. has a one year low of $2.98 and a one year high of $4.50. The firm has a market cap of $48.10 million, a PE ratio of 167.00 and a beta of 1.67. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.64 and a quick ratio of 1.64.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its earnings results on Tuesday, May 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Investcorp Credit Management BDC had a return on equity of 9.60% and a net margin of 1.28%. The company had revenue of $6.62 million for the quarter, compared to analysts’ expectations of $5.83 million. During the same quarter in the prior year, the business earned $0.18 earnings per share.

Investcorp Credit Management BDC Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Sunday, May 26th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 14.37%. Investcorp Credit Management BDC’s payout ratio is 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.