Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) announced its quarterly earnings data on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.12), FiscalAI reports. The firm had revenue of $0.16 million during the quarter, compared to the consensus estimate of $4.70 million. Investcorp Credit Management BDC had a positive return on equity of 2.26% and a negative net margin of 118.71%.

Investcorp Credit Management BDC Trading Up 1.9%

Shares of NASDAQ ICMB traded up $0.02 during mid-day trading on Friday, reaching $0.84. The company had a trading volume of 26,323 shares, compared to its average volume of 36,917. The stock has a market cap of $12.11 million, a price-to-earnings ratio of -0.61 and a beta of 0.60. Investcorp Credit Management BDC has a 52 week low of $0.73 and a 52 week high of $3.12. The business’s 50-day moving average is $0.96 and its 200-day moving average is $1.70. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 2.07.

Institutional Investors Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its stake in Investcorp Credit Management BDC stock. Bulldog Investors LLP lifted its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 554,197 shares of the company’s stock after acquiring an additional 31,445 shares during the quarter. Bulldog Investors LLP owned approximately 3.84% of Investcorp Credit Management BDC worth $1,496,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Investcorp Credit Management BDC in a report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Investcorp Credit Management BDC has a consensus rating of “Sell”.

About Investcorp Credit Management BDC

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.