Investcorp Credit Management BDC (NASDAQ:ICMB) Shares Climb 4.4% – Still a Buy?

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB)’s stock price traded up 4.4% on Monday. The stock traded as high as $0.86 and last traded at $0.7305. 885,210 shares traded hands during mid-day trading, an increase of 1,429% from the average daily volume of 57,876 shares. The stock had previously closed at $0.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Investcorp Credit Management BDC from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Investcorp Credit Management BDC Stock Performance

The stock’s 50 day moving average price is $0.79 and its 200 day moving average price is $1.52. The company has a current ratio of 7.28, a quick ratio of 7.28 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $10.82 million, a price-to-earnings ratio of -0.53 and a beta of 0.68.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Investcorp Credit Management BDC had a negative net margin of 134.21% and a positive return on equity of 0.86%. The company had revenue of $0.16 million during the quarter, compared to the consensus estimate of $4.70 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in shares of Investcorp Credit Management BDC during the 2nd quarter worth approximately $34,000. Susquehanna International Group LLP acquired a new stake in shares of Investcorp Credit Management BDC in the 2nd quarter valued at approximately $45,000. North Ground Capital acquired a new stake in shares of Investcorp Credit Management BDC in the 2nd quarter valued at approximately $32,760. Finally, Bulldog Investors LLP boosted its holdings in shares of Investcorp Credit Management BDC by 7.7% in the 1st quarter. Bulldog Investors LLP now owns 596,780 shares of the company’s stock valued at $967,000 after buying an additional 42,583 shares during the last quarter. 7.76% of the stock is currently owned by institutional investors.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc (NASDAQ: ICMB) is a business development company that provides financing to privately held, middle-market companies in the United States. The company seeks to generate income primarily through investments in debt securities, while also pursuing opportunities for long-term capital appreciation.

Its investment portfolio may include senior secured first-lien and second-lien loans, subordinated debt, mezzanine financing and, in some cases, equity-related investments.