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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant increase in short interest in 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 short-interest ratio is presently 0.6 days.

Investcorp Credit Management BDC Stock Down 0.7 %

NASDAQ ICMB opened at $3.05 on Friday. The stock has a market capitalization of $43.94 million, a P/E ratio of 9.24 and a beta of 1.66. Investcorp Credit Management BDC has a 52 week low of $2.91 and a 52 week high of $3.96. 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 stock has a fifty day moving average of $3.10 and a 200-day moving average of $3.21.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.12 million for the quarter.

Investcorp Credit Management BDC Announces Dividend

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

Institutional Trading of Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,569 shares of the company’s stock after acquiring an additional 69,119 shares during the quarter. International Assets Investment Management LLC owned approximately 0.71% of Investcorp Credit Management BDC worth $318,000 as of its most recent SEC filing. 7.76% of the stock is currently owned by 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.