Investcorp Credit Management BDC (NASDAQ:ICMB) Posts Quarterly Earnings Results, Misses Estimates By $0.64 EPS

Investcorp Credit Management BDC (NASDAQ:ICMB) issued its quarterly earnings data on Tuesday. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.64), FiscalAI reports. Investcorp Credit Management BDC had a positive return on equity of 2.64% and a negative net margin of 50.86%.The company had revenue of ($6.95) million for the quarter, compared to the consensus estimate of $4.62 million.

Investcorp Credit Management BDC Stock Down 5.0%

NASDAQ ICMB traded down $0.08 during trading on Wednesday, hitting $1.44. The stock had a trading volume of 55,374 shares, compared to its average volume of 49,062. Investcorp Credit Management BDC has a 12 month low of $1.29 and a 12 month high of $3.12. The company has a debt-to-equity ratio of 2.01, a quick ratio of 4.10 and a current ratio of 4.10. The company’s 50-day moving average price is $1.95 and its two-hundred day moving average price is $2.53. The company has a market capitalization of $20.76 million, a PE ratio of -2.32 and a beta of 0.67.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Investcorp Credit Management BDC in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of Investcorp Credit Management BDC

An institutional investor recently raised its position in Investcorp Credit Management BDC stock. Bulldog Investors LLP increased its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 554,197 shares of the company’s stock after buying an additional 31,445 shares during the quarter. Bulldog Investors LLP owned approximately 3.84% of Investcorp Credit Management BDC worth $1,496,000 as of its most recent SEC filing. 7.76% of the stock is currently owned by institutional investors and hedge funds.

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.