Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 102.5% in November

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 16,000 shares, an increase of 102.5% from the October 31st total of 7,900 shares. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.4 days.

Investcorp Credit Management BDC Stock Up 4.2 %

Shares of NASDAQ:ICMB traded up $0.13 during midday trading on Thursday, hitting $3.25. 33,823 shares of the company’s stock traded hands, compared to its average volume of 35,791. 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 company has a market cap of $46.82 million, a PE ratio of 9.85 and a beta of 1.67. The firm’s fifty day moving average price is $3.12 and its two-hundred day moving average price is $3.22. Investcorp Credit Management BDC has a twelve month low of $2.91 and a twelve month high of $3.96.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The business had revenue of $5.12 million for the quarter. Investcorp Credit Management BDC had a net margin of 18.53% and a return on equity of 9.83%.

Investcorp Credit Management BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 14.77%. The ex-dividend date of this dividend is Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is 145.45%.

Institutional Investors Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. International Assets Investment Management LLC lifted its holdings in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,569 shares of the company’s stock after buying an additional 69,119 shares during the period. International Assets Investment Management LLC owned 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Company Profile

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.