Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Earnings Results, Misses Expectations By $0.64 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) posted its quarterly earnings results on Tuesday. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.64), FiscalAI reports. Investcorp Credit Management BDC had a negative net margin of 50.86% and a positive return on equity of 2.64%. The business had revenue of ($6.95) million during the quarter, compared to analyst estimates of $4.62 million.

Investcorp Credit Management BDC Trading Down 5.0%

Shares of ICMB stock traded down $0.08 during trading hours on Wednesday, reaching $1.44. 55,374 shares of the stock traded hands, compared to its average volume of 49,062. Investcorp Credit Management BDC has a 1-year low of $1.29 and a 1-year high of $3.12. The business has a fifty day moving average price of $1.95 and a 200 day moving average price of $2.53. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $20.76 million, a PE ratio of -2.32 and a beta of 0.67.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. North Ground Capital bought a new position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned approximately 0.38% of Investcorp Credit Management BDC as of its most recent SEC filing. Institutional investors own 7.76% of the company’s stock.

Analysts Set New Price Targets

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

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.