Investcorp Credit Management BDC (NASDAQ:ICMB) Announces Earnings Results

Investcorp Credit Management BDC (NASDAQ:ICMB) released its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04), Yahoo Finance reports. Investcorp Credit Management BDC had a net margin of 1.28% and a return on equity of 9.60%. The business had revenue of $5.12 million during the quarter.

Investcorp Credit Management BDC Trading Up 0.6 %

ICMB stock opened at $3.17 on Friday. Investcorp Credit Management BDC has a one year low of $2.98 and a one year high of $4.12. The stock has a market cap of $45.65 million, a price-to-earnings ratio of 158.50 and a beta of 1.67. The company has a fifty day moving average price of $3.24 and a two-hundred day moving average price of $3.25. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.64 and a quick ratio of 1.64.

Investcorp Credit Management BDC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 16th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 15.14%. The ex-dividend date of this dividend is Wednesday, October 16th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is presently 2,400.00%.

About Investcorp Credit Management BDC

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.