Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) CEO Acquires $14,490.00 in Stock

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) CEO Suhail A. Shaikh bought 4,500 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average cost of $3.22 per share, for a total transaction of $14,490.00. Following the transaction, the chief executive officer now owns 4,500 shares of the company’s stock, valued at $14,490. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Investcorp Credit Management BDC Stock Performance

NASDAQ ICMB traded down $0.02 during trading on Wednesday, reaching $3.18. 24,032 shares of the company’s stock were exchanged, compared to its average volume of 35,456. The business has a 50 day moving average price of $3.12 and a 200-day moving average price of $3.21. The stock has a market capitalization of $45.81 million, a P/E ratio of 9.70 and a beta of 1.66. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.00 and a quick ratio of 1.00. Investcorp Credit Management BDC, Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $3.96.

Investcorp Credit Management BDC (NASDAQ:ICMB) last announced its quarterly earnings results on Wednesday, September 25th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $5.12 million for the quarter. Investcorp Credit Management BDC had a return on equity of 9.83% and a net margin of 18.53%.

Investcorp Credit Management BDC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 15.09%. The ex-dividend date is Friday, December 20th. Investcorp Credit Management BDC’s dividend payout ratio is presently 145.45%.

Institutional Investors Weigh In On Investcorp Credit Management BDC

A hedge fund recently raised its stake in Investcorp Credit Management BDC stock. International Assets Investment Management LLC raised its position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 approximately 0.71% of Investcorp Credit Management BDC worth $318,000 at the end of the most recent quarter. 7.76% of the stock is currently owned by institutional investors and hedge funds.

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.