InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) Short Interest Down 22.4% in September

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 9,000 shares, a drop of 22.4% from the August 31st total of 11,600 shares. Based on an average daily trading volume, of 26,400 shares, the short-interest ratio is currently 0.3 days.

Shares of ICMB stock traded down $0.18 during mid-day trading on Thursday, hitting $3.45. 40,943 shares of the stock were exchanged, compared to its average volume of 36,883. The firm has a fifty day moving average of $3.54 and a 200 day moving average of $3.55. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.62. InvestcorpCreditManagementBDCInc . has a 52-week low of $1.38 and a 52-week high of $7.70. The company has a market cap of $47.80 million, a PE ratio of -2.04 and a beta of 2.33.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last issued its quarterly earnings results on Monday, September 14th. The company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. InvestcorpCreditManagementBDCInc . had a negative net margin of 71.55% and a positive return on equity of 10.86%. Equities analysts predict that InvestcorpCreditManagementBDCInc . will post 0.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be paid a dividend of $0.18 per share. This is a positive change from InvestcorpCreditManagementBDCInc .’s previous quarterly dividend of $0.15. This represents a $0.72 annualized dividend and a yield of 20.87%. The ex-dividend date of this dividend is Thursday, September 24th. InvestcorpCreditManagementBDCInc .’s dividend payout ratio (DPR) is currently 58.25%.

A number of large investors have recently made changes to their positions in the stock. Stifel Financial Corp purchased a new stake in InvestcorpCreditManagementBDCInc . during the second quarter worth about $35,000. Morgan Stanley raised its holdings in InvestcorpCreditManagementBDCInc . by 342.8% during the first quarter. Morgan Stanley now owns 75,215 shares of the company’s stock valued at $185,000 after acquiring an additional 58,229 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in InvestcorpCreditManagementBDCInc . during the second quarter valued at about $220,000. Hedge funds and other institutional investors own 40.01% of the company’s stock.

ICMB has been the topic of several analyst reports. Raymond James reissued a “buy” rating on shares of InvestcorpCreditManagementBDCInc . in a research note on Thursday, September 24th. Zacks Investment Research cut InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a research note on Friday, September 18th. Finally, ValuEngine raised InvestcorpCreditManagementBDCInc . from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 2nd.

About InvestcorpCreditManagementBDCInc .

CM Finance Inc is a business development company specializing in loan, mezzanine, middle market, growth capital, and recapitalization investments. The fund typically invests in United States and Europe. Within United States, the fund seeks to invest in Midatlantic, Midwest, Northeast, Southeast, and West Coast regions.

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