Zacks: InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) Receives Average Recommendation of “Hold” from Brokerages

Shares of InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) have earned an average broker rating score of 2.50 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Brokers have set a 12-month consensus target price of $9.00 for the company and are forecasting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given InvestcorpCreditManagementBDCInc . an industry rank of 148 out of 255 based on the ratings given to related companies.

Several research analysts have weighed in on ICMB shares. Raymond James decreased their price objective on shares of InvestcorpCreditManagementBDCInc . from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, September 16th. TheStreet lowered shares of InvestcorpCreditManagementBDCInc . from a “c” rating to a “d+” rating in a report on Friday, September 13th. ValuEngine lowered shares of InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a report on Friday, September 13th.

ICMB traded down $0.17 during trading hours on Tuesday, reaching $6.49. 41,535 shares of the stock traded hands, compared to its average volume of 38,038. The firm has a market cap of $90.47 million, a price-to-earnings ratio of 6.56 and a beta of 1.29. InvestcorpCreditManagementBDCInc . has a fifty-two week low of $5.58 and a fifty-two week high of $8.26. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.16.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.04). The firm had revenue of $8.12 million for the quarter, compared to analyst estimates of $8.86 million. InvestcorpCreditManagementBDCInc . had a negative net margin of 42.28% and a positive return on equity of 8.70%. On average, analysts forecast that InvestcorpCreditManagementBDCInc . will post 1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 15.41%. The ex-dividend date was Wednesday, September 25th. InvestcorpCreditManagementBDCInc .’s dividend payout ratio is currently 101.01%.

In related news, major shareholder Bdc Holdings Ltd Investcorp acquired 15,624 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was bought at an average cost of $6.66 per share, with a total value of $104,055.84. Over the last three months, insiders have acquired 19,733 shares of company stock valued at $131,637. 1.66% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in InvestcorpCreditManagementBDCInc . stock. Stephens Inc. AR acquired a new stake in InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 20,943 shares of the company’s stock, valued at approximately $139,000. Stephens Inc. AR owned about 0.15% of InvestcorpCreditManagementBDCInc . as of its most recent SEC filing. Hedge funds and other institutional investors own 44.42% of the company’s stock.

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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