Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 161.9% in December

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 25,400 shares, an increase of 161.9% from the November 30th total of 9,700 shares. Based on an average daily trading volume, of 42,900 shares, the days-to-cover ratio is currently 0.6 days.

Investcorp Credit Management BDC Trading Down 0.7 %

NASDAQ ICMB opened at $3.05 on Friday. The stock has a market capitalization of $43.94 million, a PE ratio of 9.24 and a beta of 1.66. The firm has a 50 day moving average of $3.10 and a two-hundred day moving average of $3.21. Investcorp Credit Management BDC has a 52 week low of $2.91 and a 52 week high of $3.96. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.39.

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

Investcorp Credit Management BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 15.74%. The ex-dividend date is Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio is presently 145.45%.

Institutional Trading of Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC boosted its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,569 shares of the company’s stock after purchasing an additional 69,119 shares during the period. International Assets Investment Management LLC owned about 0.71% of Investcorp Credit Management BDC worth $318,000 as of its most recent SEC filing. 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.