Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Short Interest Update

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

Investcorp Credit Management BDC Price Performance

Shares of Investcorp Credit Management BDC stock remained flat at $3.05 during trading hours on Monday. The stock had a trading volume of 25,925 shares, compared to its average volume of 23,404. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00. Investcorp Credit Management BDC has a 12 month low of $2.91 and a 12 month high of $3.77. The stock has a fifty day moving average of $3.11 and a 200 day moving average of $3.18. The stock has a market cap of $43.94 million, a P/E ratio of 9.24 and a beta of 1.66.

Investcorp Credit Management BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.48 annualized dividend and a yield of 15.74%. Investcorp Credit Management BDC’s dividend payout ratio is presently 145.45%.

Institutional Trading of Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its stake in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 101,569 shares of the company’s stock after purchasing an additional 69,119 shares during the period. International Assets Investment Management LLC owned 0.71% of Investcorp Credit Management BDC worth $318,000 as of its most recent SEC filing. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Investcorp Credit Management BDC Company Profile

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.