Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Up 75.1% in April

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 268,261 shares, an increase of 75.1% from the April 15th total of 153,167 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 53,617 shares, the short-interest ratio is currently 5.0 days.

Institutional Investors Weigh In On Investcorp Credit Management BDC

A number of institutional investors have recently modified their holdings of ICMB. Alpine Global Management LLC bought a new stake in shares of Investcorp Credit Management BDC in the fourth quarter valued at about $71,000. North Ground Capital bought a new stake in shares of Investcorp Credit Management BDC in the fourth quarter valued at about $147,000. Finally, Bulldog Investors LLP boosted its position in shares of Investcorp Credit Management BDC by 7.7% in the first quarter. Bulldog Investors LLP now owns 596,780 shares of the company’s stock valued at $967,000 after acquiring an additional 42,583 shares during the period. Institutional investors own 7.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Investcorp Credit Management BDC Stock Performance

Shares of NASDAQ:ICMB traded down $0.05 on Monday, hitting $1.38. The company had a trading volume of 29,528 shares, compared to its average volume of 48,291. Investcorp Credit Management BDC has a 1-year low of $1.28 and a 1-year high of $3.12. The stock has a market cap of $19.97 million, a price-to-earnings ratio of -1.05 and a beta of 0.67. The stock has a 50 day moving average price of $1.86 and a 200 day moving average price of $2.50. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 2.07.

Investcorp Credit Management BDC (NASDAQ:ICMB) last released its quarterly earnings data on Monday, March 30th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Investcorp Credit Management BDC had a negative net margin of 118.71% and a positive return on equity of 2.26%. The company had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.22 million.

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.