Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Down 0.3% – Here’s Why

Posted by Adam Masters on Oct 19th, 2024

Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB – Get Free Report) traded down 0.3% during mid-day trading on Friday . The company traded as low as $3.13 and last traded at $3.16. 60,175 shares were traded during mid-day trading, an increase of 70% from the average session volume of 35,329 shares. The stock had previously closed at $3.17.

Investcorp Credit Management BDC Stock Down 0.3 %

The business’s 50 day simple moving average is $3.20 and its 200-day simple moving average is $3.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $45.51 million, a price-to-earnings ratio of 158.00 and a beta of 1.67.

Investcorp Credit Management BDC (NASDAQ:ICMB – Get Free Report) last released its quarterly earnings data on Wednesday, September 25th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Investcorp Credit Management BDC had a negative net margin of 15.46% and a positive return on equity of 8.87%. The firm had revenue of $5.12 million for the quarter.

Investcorp Credit Management BDC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 16th will be paid a $0.12 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $0.48 annualized dividend and a dividend yield of 15.19%. Investcorp Credit Management BDC’s payout ratio is 2,400.00%.

Investcorp Credit Management BDC Company Profile

(Get Free Report)

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.