Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Earnings Results, Misses Estimates By $0.04 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) released its quarterly earnings results on Monday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04), Zacks reports. Investcorp Credit Management BDC had a negative net margin of 0.30% and a positive return on equity of 3.33%. The firm had revenue of $4.13 million for the quarter, compared to the consensus estimate of $4.22 million.

Investcorp Credit Management BDC Stock Performance

NASDAQ:ICMB traded down $0.10 during trading on Wednesday, reaching $1.52. The company’s stock had a trading volume of 108,569 shares, compared to its average volume of 45,417. Investcorp Credit Management BDC has a 12 month low of $1.29 and a 12 month high of $3.25. The firm has a market cap of $21.88 million, a price-to-earnings ratio of -153.50 and a beta of 0.42. The firm has a 50 day moving average of $2.62 and a 200-day moving average of $2.75. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. Bulldog Investors LLP increased its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 6.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 554,197 shares of the company’s stock after purchasing an additional 31,445 shares during the period. Bulldog Investors LLP owned 3.84% of Investcorp Credit Management BDC worth $1,496,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 7.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC Inc (NASDAQ: ICMB) is a closed-end, non-diversified management investment company that provides investors exposure to private credit markets through direct lending strategies. As a business development company, ICMB focuses on originating, structuring and managing tailored financing solutions for U.S. middle-market corporations. The company’s portfolio includes senior secured loans, second-lien debt, subordinated debt and equity co-investments, with an emphasis on risk-adjusted returns and capital preservation.

The company is externally managed by Investcorp Credit Management US LLC, part of the Investcorp group, a global alternative investment firm founded in 1982.