Investcorp Credit Management BDC (NASDAQ:ICMB) Announces Earnings Results

Investcorp Credit Management BDC (NASDAQ:ICMB) posted its earnings results on Monday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04), Zacks reports. Investcorp Credit Management BDC had a negative net margin of 0.30% and a positive return on equity of 3.33%. The firm had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.22 million.

Investcorp Credit Management BDC Price Performance

Shares of NASDAQ:ICMB traded down $0.07 on Wednesday, hitting $1.55. The company had a trading volume of 91,599 shares, compared to its average volume of 44,762. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.75. Investcorp Credit Management BDC has a 52-week low of $1.29 and a 52-week high of $3.25. The business has a 50 day moving average of $2.62 and a 200 day moving average of $2.75. The company has a market cap of $22.32 million, a PE ratio of -146.50 and a beta of 0.42.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. Bulldog Investors LLP raised its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,197 shares of the company’s stock after purchasing an additional 31,445 shares during the period. Bulldog Investors LLP owned about 3.84% of Investcorp Credit Management BDC worth $1,496,000 at the end of the most recent reporting period. Institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Company Profile

Investcorp Credit Management BDC Inc (NASDAQ: ICMB) is a closed-end, non-diversified management investment company that provides investors exposure to private credit markets through direct lending strategies. As a business development company, ICMB focuses on originating, structuring and managing tailored financing solutions for U.S. middle-market corporations. The company’s portfolio includes senior secured loans, second-lien debt, subordinated debt and equity co-investments, with an emphasis on risk-adjusted returns and capital preservation.

The company is externally managed by Investcorp Credit Management US LLC, part of the Investcorp group, a global alternative investment firm founded in 1982.