Investcorp Credit Management BDC (NASDAQ:ICMB) Announces Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) issued its earnings results on Wednesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.17), Zacks reports. Investcorp Credit Management BDC had a negative return on equity of 3.32% and a negative net margin of 171.03%. The firm had revenue of $3.14 million during the quarter, compared to the consensus estimate of $4.61 million.

Investcorp Credit Management BDC Price Performance

Shares of ICMB traded down $0.01 during mid-day trading on Friday, reaching $1.05. The company had a trading volume of 740,457 shares, compared to its average volume of 410,924. The company has a debt-to-equity ratio of 2.20, a current ratio of 7.28 and a quick ratio of 7.28. The company has a market capitalization of $15.14 million, a P/E ratio of -0.63 and a beta of 0.72. Investcorp Credit Management BDC has a twelve month low of $0.59 and a twelve month high of $3.12. The company’s 50-day moving average is $0.76 and its 200-day moving average is $1.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Investcorp Credit Management BDC from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Investcorp Credit Management BDC currently has a consensus rating of “Sell”.

Investcorp Credit Management BDC Company Profile

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) is a business development company that provides financing to privately held, middle-market companies in the United States. The company seeks to generate income primarily through investments in debt securities, while also pursuing opportunities for long-term capital appreciation. Its investment portfolio may include senior secured first-lien and second-lien loans, subordinated debt, mezzanine financing and, in some cases, equity-related investments.