Investcorp Credit Management BDC (NASDAQ:ICMB) Releases Earnings Results, Misses Estimates By $0.04 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) posted its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04), Zacks reports. The firm had revenue of $4.13 million during the quarter, compared to analyst estimates of $4.22 million. Investcorp Credit Management BDC had a negative net margin of 0.30% and a positive return on equity of 3.33%.

Investcorp Credit Management BDC Trading Down 4.4%

NASDAQ ICMB traded down $0.07 during trading hours on Wednesday, hitting $1.55. 91,599 shares of the company’s stock were exchanged, compared to its average volume of 44,762. The business’s 50 day moving average is $2.62 and its 200-day moving average is $2.75. Investcorp Credit Management BDC has a 12-month low of $1.29 and a 12-month high of $3.25. The firm has a market capitalization of $22.32 million, a P/E ratio of -146.50 and a beta of 0.42. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.47 and a current ratio of 1.47.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Investcorp Credit Management BDC has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Investcorp Credit Management BDC stock. North Ground Capital acquired a new position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned 0.38% of Investcorp Credit Management BDC at the end of the most recent reporting period. 7.76% of the stock is currently owned by institutional investors.

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.