Investcorp Credit Management BDC (NASDAQ:ICMB) Releases Earnings Results, Misses Estimates By $0.17 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) issued its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17), Zacks reports. Investcorp Credit Management BDC had a positive return on equity of 0.86% and a negative net margin of 134.21%.

Investcorp Credit Management BDC Stock Performance

Shares of ICMB stock traded up $0.02 on Wednesday, hitting $0.62. 33,610 shares of the stock were exchanged, compared to its average volume of 65,883. The company has a current ratio of 7.28, a quick ratio of 7.28 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $8.92 million, a PE ratio of -0.44 and a beta of 0.72. Investcorp Credit Management BDC has a one year low of $0.59 and a one year high of $3.12. The firm’s 50 day moving average is $0.76 and its two-hundred day moving average is $1.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Investcorp Credit Management BDC from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) is a business development company that provides financing to privately held, middle-market companies in the United States. The company seeks to generate income primarily through investments in debt securities, while also pursuing opportunities for long-term capital appreciation. Its investment portfolio may include senior secured first-lien and second-lien loans, subordinated debt, mezzanine financing and, in some cases, equity-related investments.