Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Significant Drop in Short Interest

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 2,800 shares, a decrease of 40.4% from the June 30th total of 4,700 shares. Based on an average trading volume of 42,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC boosted its holdings in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 255.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,106 shares of the company’s stock after buying an additional 128,006 shares during the quarter. International Assets Investment Management LLC owned approximately 1.24% of Investcorp Credit Management BDC worth $633,000 at the end of the most recent reporting period. 7.76% of the stock is currently owned by institutional investors and hedge funds.

Investcorp Credit Management BDC Price Performance

Shares of ICMB stock traded down $0.02 on Friday, reaching $3.32. The company had a trading volume of 56,739 shares, compared to its average volume of 36,927. The stock has a market capitalization of $47.81 million, a PE ratio of 166.00 and a beta of 1.68. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.53. Investcorp Credit Management BDC has a one year low of $2.98 and a one year high of $4.50. The business’s 50-day moving average is $3.30 and its 200 day moving average is $3.32.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its earnings results on Tuesday, May 14th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $6.62 million during the quarter, compared to analysts’ expectations of $5.83 million. Investcorp Credit Management BDC had a net margin of 1.28% and a return on equity of 9.60%. During the same quarter in the prior year, the business earned $0.18 earnings per share.

About Investcorp Credit Management BDC

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.