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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) was the target of a large increase in short interest in 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. Based on an average daily volume of 53,617 shares, the days-to-cover ratio is presently 5.0 days. Currently, 1.9% of the shares of the stock are sold short.

Institutional Trading of Investcorp Credit Management BDC

A number of large investors have recently modified their holdings of the business. Bulldog Investors LLP raised its holdings in shares of Investcorp Credit Management BDC by 45.8% during the 3rd quarter. Bulldog Investors LLP now owns 522,752 shares of the company’s stock valued at $1,453,000 after buying an additional 164,281 shares in the last quarter. Alpine Global Management LLC purchased a new position in shares of Investcorp Credit Management BDC during the 4th quarter valued at about $71,000. Finally, North Ground Capital purchased a new position in shares of Investcorp Credit Management BDC during the 4th quarter valued at about $147,000. Institutional investors own 7.76% of the company’s stock.

Investcorp Credit Management BDC Stock Performance

Shares of ICMB opened at $1.34 on Wednesday. The company has a market cap of $19.34 million, a PE ratio of -0.98 and a beta of 0.67. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 2.07. The stock has a 50-day moving average price of $1.80 and a 200-day moving average price of $2.48. Investcorp Credit Management BDC has a 12-month low of $1.28 and a 12-month high of $3.12.

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

Wall Street Analyst Weigh In

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

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.