InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) announced a quarterly dividend on Wednesday, February 12th, Wall Street Journal reports. Investors of record on Friday, March 13th will be paid a dividend of 0.25 per share on Thursday, April 2nd. This represents a $1.00 annualized dividend and a yield of 13.61%. The ex-dividend date is Thursday, March 12th.
InvestcorpCreditManagementBDCInc . has a dividend payout ratio of 99.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect InvestcorpCreditManagementBDCInc . to earn $1.00 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 100.0%.
Shares of ICMB stock opened at $7.35 on Thursday. InvestcorpCreditManagementBDCInc . has a one year low of $6.13 and a one year high of $8.13. The company’s 50-day moving average price is $7.03. The stock has a market cap of $98.37 million, a P/E ratio of -22.27 and a beta of 1.32. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.25.
InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. InvestcorpCreditManagementBDCInc . had a negative net margin of 13.00% and a positive return on equity of 9.45%. The company had revenue of $9.43 million for the quarter, compared to the consensus estimate of $8.71 million. As a group, analysts anticipate that InvestcorpCreditManagementBDCInc . will post 1.01 EPS for the current year.
Several research firms have issued reports on ICMB. ValuEngine upgraded shares of InvestcorpCreditManagementBDCInc . from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Zacks Investment Research upgraded shares of InvestcorpCreditManagementBDCInc . from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.
In other InvestcorpCreditManagementBDCInc . news, Director Thomas J. Sullivan acquired 10,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $7.10 per share, for a total transaction of $71,000.00. Following the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $71,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Bdc Holdings Ltd Investcorp acquired 5,015 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of $7.23 per share, for a total transaction of $36,258.45. The disclosure for this purchase can be found here. Insiders have acquired a total of 82,815 shares of company stock worth $584,096 in the last 90 days. Company insiders own 1.66% of the company’s stock.
InvestcorpCreditManagementBDCInc . Company Profile
CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.
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