Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) sees significant growth in short-term interest



Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Rating) was the target of strong short-term interest growth during the month of April. As of April 15, there were short interests totaling 16,400 shares, a growth of 72.6% from the total of 9,500 shares as of March 31. Based on an average trading volume of 24,300 shares, the day-to-cover ratio is currently 0.7 days.

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Investcorp Credit Management BDC by 7.2% in the fourth quarter. International Assets Investment Management LLC now owns 50,750 shares of the company valued at $251,000 after acquiring 3,400 additional shares last quarter. Royal Bank of Canada acquired a new position in Investcorp Credit Management BDC in Q3 worth approximately $109,000. Advisor Group Holdings Inc. increased its position in Investcorp Credit Management BDC by 176.1% in the third quarter. Advisor Group Holdings Inc. now owns 4,704 shares of the company valued at $25,000 after acquiring 3,000 additional shares in the last quarter. Raymond James & Associates increased its position in Investcorp Credit Management BDC by 12.6% in the third quarter. Raymond James & Associates now owns 330,394 shares of the company valued at $1,801,000 after acquiring 36,846 additional shares last quarter. Finally, Citadel Advisors LLC acquired a new position in Investcorp Credit Management BDC in Q2 worth approximately $79,000. 38.13% of the shares are held by institutional investors.

NASDAQ:ICMB shares opened at $4.95 on Friday. The company has a 50-day moving average price of $5.26 and a 200-day moving average price of $5.30. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt ratio of 1.77. The company has a market capitalization of $71.21 million, a price-earnings ratio of -41.25 and a beta of 2.17. Investcorp Credit Management BDC has a 12-month low of $4.77 and a 12-month high of $6.58.

Investcorp Credit Management BDC (NASDAQ:ICMB – Get Rating) last released its quarterly earnings data on Monday, February 7. The company reported earnings per share (EPS) of $0.15 for the quarter, meeting analyst consensus estimates of $0.15. The company posted revenue of $6.21 million in the quarter, versus a consensus estimate of $5.89 million. Investcorp Credit Management BDC posted a positive return on equity of 7.79% and a negative net margin of 5.76%. During the same period last year, the company achieved EPS of $0.22. As a group, equity research analysts expect Investcorp Credit Management BDC to post earnings per share of 0.64 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Friday, March 11 received a dividend of $0.15. This represents an annualized dividend of $0.60 and a yield of 12.12%. The ex-dividend date was Thursday, March 10. Investcorp Credit Management BDC’s dividend payout ratio is currently -499.96%.

Separately, Zacks Investment Research downgraded Investcorp Credit Management BDC from a “hold” rating to a “sell” rating in a Friday, April 8 research report.

Company Profile Investcorp Credit Management BDC (Get a rating)

Investcorp Credit Management BDC, Inc. is a business development firm specializing in lending, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in structured equity/mezzanine loans and holding company equities through warrants and other instruments, in most cases taking these upside positions as part of a broader investment relationship.

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