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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, According to MarketBeat.com, the stock currently has a consensus 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 company has a market cap of $12.40 million, a PE ratio of -0.63 and a beta of 0.58. The business’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.98.

Institutional Trading of Investcorp Credit Management BDC

Institutional investors have recently bought and sold shares of the company. North Ground Capital purchased a new position in Investcorp Credit Management BDC in the fourth quarter valued at about $147,000. Bulldog Investors LLP raised its stake in shares of Investcorp Credit Management BDC by 6.0% during the 4th quarter. Bulldog Investors LLP now owns 554,197 shares of the company’s stock worth $1,496,000 after purchasing an additional 31,445 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new stake in shares of Investcorp Credit Management BDC during the 4th quarter worth about $71,000. 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.