Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Up 0.2% – Still a Buy?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) shot up 0.2% during trading on Monday . The stock traded as high as $3.19 and last traded at $3.19. 7,391 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 26,145 shares. The stock had previously closed at $3.18.

Investcorp Credit Management BDC Trading Up 0.2 %

The company has a 50 day moving average of $3.10 and a 200 day moving average of $3.13. 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 market capitalization of $45.88 million, a price-to-earnings ratio of 9.65 and a beta of 1.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ICMB. Raymond James Financial Inc. acquired a new stake in shares of Investcorp Credit Management BDC in the 4th quarter worth $68,000. Bulldog Investors LLP acquired a new stake in shares of Investcorp Credit Management BDC in the 4th quarter worth $233,000. Finally, International Assets Investment Management LLC increased its stake in shares of Investcorp Credit Management BDC by 213.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,569 shares of the company’s stock worth $318,000 after acquiring an additional 69,119 shares during the last quarter. 7.76% of the stock is owned by institutional investors and hedge funds.

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.