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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,100 shares, a drop of 91.7% from the December 31st total of 25,400 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC lifted its position in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,569 shares of the company’s stock after purchasing an additional 69,119 shares during the period. International Assets Investment Management LLC owned 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent quarter. Institutional investors and hedge funds own 7.76% of the company’s stock.

Investcorp Credit Management BDC Price Performance

Shares of ICMB traded down $0.01 during mid-day trading on Tuesday, hitting $3.10. 30,639 shares of the stock were exchanged, compared to its average volume of 25,902. The firm has a 50-day moving average of $3.12 and a two-hundred day moving average of $3.16. Investcorp Credit Management BDC has a 52-week low of $2.91 and a 52-week high of $3.77. The company has a market cap of $44.67 million, a PE ratio of 9.39 and a beta of 1.66. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00.

Investcorp Credit Management BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 15.48%. The ex-dividend date was Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is 145.46%.

Investcorp Credit Management BDC Company Profile

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.