Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Down 3.8% – What’s Next?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)’s stock price was down 3.8% during trading on Thursday . The company traded as low as $0.8202 and last traded at $0.8591. Approximately 38,193 shares changed hands during trading, a decline of 76% from the average session volume of 160,918 shares. The stock had previously closed at $0.8934.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Investcorp Credit Management BDC in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Investcorp Credit Management BDC Trading Down 3.8%

The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 2.07. The stock has a market cap of $12.40 million, a price-to-earnings ratio of -0.63 and a beta of 0.58. The company has a fifty day simple moving average of $1.19 and a 200-day simple moving average of $1.98.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICMB. Alpine Global Management LLC purchased a new position in Investcorp Credit Management BDC during the 4th quarter worth approximately $71,000. North Ground Capital purchased a new stake in shares of Investcorp Credit Management BDC in the fourth quarter valued at $147,000. Finally, Bulldog Investors LLP boosted its position in shares of Investcorp Credit Management BDC by 6.0% in the fourth quarter. Bulldog Investors LLP now owns 554,197 shares of the company’s stock worth $1,496,000 after buying an additional 31,445 shares during the period. Institutional investors and hedge funds own 7.76% of the company’s stock.

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.