Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) announced 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 company had revenue of $4.13 million for the quarter, compared to analysts’ expectations 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 Price Performance

ICMB traded down $0.08 during midday trading on Wednesday, hitting $1.54. 106,292 shares of the company traded hands, compared to its average volume of 45,417. The business has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $2.75. Investcorp Credit Management BDC has a 52-week low of $1.29 and a 52-week high of $3.25. The company has a market capitalization of $22.21 million, a price-to-earnings ratio of -154.00 and a beta of 0.42. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.75.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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 MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Investcorp Credit Management BDC stock. North Ground Capital purchased a new stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 54,299 shares of the company’s stock, valued at approximately $147,000. North Ground Capital owned approximately 0.38% of Investcorp Credit Management BDC at the end of the most recent quarter. Hedge funds and other institutional investors own 7.76% of the company’s stock.

About Investcorp Credit Management BDC

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.