Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Sees Large Decline in Short Interest

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,100 shares, a decrease of 91.7% from the December 31st total of 25,400 shares. Based on an average daily volume of 42,600 shares, the days-to-cover ratio is currently 0.0 days.

Investcorp Credit Management BDC Stock Performance

Shares of ICMB opened at $3.11 on Wednesday. The firm has a market cap of $44.74 million, a price-to-earnings ratio of 9.41 and a beta of 1.66. Investcorp Credit Management BDC has a 12 month low of $2.91 and a 12 month high of $3.77. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.39. The company’s fifty day moving average is $3.12 and its 200-day moving average is $3.16.

Investcorp Credit Management BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a $0.12 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.48 annualized dividend and a yield of 15.46%. Investcorp Credit Management BDC’s dividend payout ratio (DPR) is presently 145.46%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC increased its holdings in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,569 shares of the company’s stock after acquiring an additional 69,119 shares during the period. International Assets Investment Management LLC owned about 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 7.76% of the company’s stock.

About Investcorp Credit Management BDC

Investcorp Credit Management BDC, Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, acquisitions, market/product expansion, organic growth, refinancings and recapitalization investments. It also selectively invests in mezzanine loans/structured equity and in the equity of portfolio companies through warrants and other instruments, in most cases taking such upside participation interests as part of a broader investment relationship.