Suhail A. Shaikh Buys 4,500 Shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Stock

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) CEO Suhail A. Shaikh purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of $3.22 per share, with a total value of $14,490.00. Following the completion of the purchase, the chief executive officer now owns 4,500 shares of the company’s stock, valued at $14,490. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Investcorp Credit Management BDC Price Performance

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

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

Investcorp Credit Management BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.48 dividend on an annualized basis and a yield of 15.09%. Investcorp Credit Management BDC’s payout ratio is 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 lifted its stake in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) by 213.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter. 7.76% of the stock is 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.