Investcorp Credit Management BDC (NASDAQ:ICMB) Announces Quarterly Earnings Results, Misses Estimates By $0.64 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) posted its quarterly earnings data on Tuesday. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.64), FiscalAI reports. Investcorp Credit Management BDC had a positive return on equity of 2.64% and a negative net margin of 50.86%.The business had revenue of ($6.95) million for the quarter, compared to analysts’ expectations of $4.62 million.

Investcorp Credit Management BDC Trading Down 5.0%

Shares of Investcorp Credit Management BDC stock traded down $0.08 on Wednesday, reaching $1.44. 55,374 shares of the company were exchanged, compared to its average volume of 49,062. The stock has a fifty day moving average price of $1.95 and a 200-day moving average price of $2.53. The firm has a market capitalization of $20.76 million, a price-to-earnings ratio of -2.32 and a beta of 0.67. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 2.01. Investcorp Credit Management BDC has a fifty-two week low of $1.29 and a fifty-two week high of $3.12.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. North Ground Capital bought a new stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned approximately 0.38% of Investcorp Credit Management BDC at the end of the most recent reporting period. 7.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Investcorp Credit Management BDC Company Profile

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.