Investcorp Credit Management BDC (NASDAQ:ICMB) Stock Price Down 0.3% – Here’s Why

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) fell 0.3% during trading on Thursday . The stock traded as low as $3.00 and last traded at $3.08. 44,523 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 40,991 shares. The stock had previously closed at $3.09.

Wall Street Analyst Weigh In

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

Investcorp Credit Management BDC Stock Performance

The firm has a market capitalization of $44.41 million, a P/E ratio of -308.00 and a beta of 0.43. The stock has a 50-day moving average of $2.82 and a 200 day moving average of $2.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47.

Investcorp Credit Management BDC (NASDAQ:ICMB) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). Investcorp Credit Management BDC had a negative net margin of 0.30% and a positive return on equity of 3.33%. The business had revenue of $4.36 million during the quarter, compared to the consensus estimate of $4.41 million.

Hedge Funds Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its position 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 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 554,197 shares of the company’s stock after purchasing an additional 31,445 shares during the quarter. Bulldog Investors LLP owned about 3.84% of Investcorp Credit Management BDC worth $1,496,000 at the end of the most recent quarter. 7.76% of the stock is currently owned by institutional investors.

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.