Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Large Decline in Short Interest

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,100 shares, a decrease of 91.7% from the December 15th total of 25,400 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is presently 0.0 days.

Investcorp Credit Management BDC Price Performance

Shares of NASDAQ:ICMB remained flat at $3.05 during midday trading on Monday. The stock had a trading volume of 25,925 shares, compared to its average volume of 23,404. The company’s 50-day moving average is $3.11 and its 200 day moving average is $3.18. Investcorp Credit Management BDC has a twelve month low of $2.91 and a twelve month high of $3.77. The firm has a market cap of $43.94 million, a price-to-earnings ratio of 9.24 and a beta of 1.66. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00.

Investcorp Credit Management BDC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.48 annualized dividend and a dividend yield of 15.74%. Investcorp Credit Management BDC’s dividend payout ratio is presently 145.45%.

Hedge Funds 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 increased its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,569 shares of the company’s stock after buying an additional 69,119 shares during the quarter. International Assets Investment Management LLC owned about 0.71% of Investcorp Credit Management BDC worth $318,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 7.76% of the company’s stock.

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.