Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Update

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a large decline in short interest in April. As of April 15th, there was short interest totaling 153,167 shares, a decline of 14.4% from the March 31st total of 178,941 shares. Based on an average daily trading volume, of 76,325 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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, Investcorp Credit Management BDC has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC bought a new position in shares of Investcorp Credit Management BDC during the 4th quarter valued at about $71,000. North Ground Capital bought a new position in shares of Investcorp Credit Management BDC during the 4th quarter valued at about $147,000. Finally, Bulldog Investors LLP boosted its holdings in shares of Investcorp Credit Management BDC by 45.8% during the 3rd quarter. Bulldog Investors LLP now owns 522,752 shares of the company’s stock valued at $1,453,000 after purchasing an additional 164,281 shares during the last quarter. Institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Price Performance

Shares of ICMB traded up $0.01 during trading hours on Friday, reaching $1.83. 34,301 shares of the stock traded hands, compared to its average volume of 49,488. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 2.01. The company has a market cap of $26.39 million, a P/E ratio of -2.95 and a beta of 0.62. The company’s 50-day moving average price is $2.11 and its two-hundred day moving average price is $2.58. Investcorp Credit Management BDC has a 52-week low of $1.29 and a 52-week high of $3.12.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings results on Monday, March 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Investcorp Credit Management BDC had a negative net margin of 50.86% and a positive return on equity of 2.64%. The company had revenue of $4.13 million during the quarter, compared to the consensus estimate of $4.22 million.

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.