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

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) saw a large decrease in short interest in 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 trading volume, of 42,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Investcorp Credit Management BDC

An institutional investor recently raised its position 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 third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,569 shares of the company’s stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 7.76% of the company’s stock.

Investcorp Credit Management BDC Stock Performance

Shares of Investcorp Credit Management BDC stock traded down $0.01 during trading on Tuesday, hitting $3.10. 30,639 shares of the company’s stock were exchanged, compared to its average volume of 25,902. The stock has a market capitalization of $44.67 million, a price-to-earnings ratio of 9.39 and a beta of 1.66. The business has a 50-day simple moving average of $3.12 and a 200-day simple moving average of $3.16. 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 52-week low of $2.91 and a 52-week high of $3.77.

Investcorp Credit Management BDC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 15.48%. The ex-dividend date was Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio is currently 145.46%.

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.