InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) Upgraded to Hold by Zacks Investment Research

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Investcorp Credit Management BDC Inc. is a business development company. It invests primarily in the debt of U.S. middle-market companies. Investcorp Credit Management BDC Inc., formerly known as CM Finance Inc., is based in New York, United States. “

Several other brokerages also recently weighed in on ICMB. TheStreet downgraded shares of InvestcorpCreditManagementBDCInc . from a “c” rating to a “d+” rating in a research note on Friday, September 13th. ValuEngine downgraded shares of InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Raymond James decreased their target price on shares of InvestcorpCreditManagementBDCInc . from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, September 16th.

NASDAQ ICMB opened at $6.86 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. InvestcorpCreditManagementBDCInc . has a 1 year low of $5.58 and a 1 year high of $8.21. The firm has a market capitalization of $93.06 million, a P/E ratio of 6.90 and a beta of 1.30. The company has a fifty day moving average of $6.65.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last released its quarterly earnings data on Tuesday, September 10th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.04). InvestcorpCreditManagementBDCInc . had a negative net margin of 42.28% and a positive return on equity of 8.70%. The company had revenue of $8.12 million during the quarter, compared to analyst estimates of $8.86 million. As a group, sell-side analysts anticipate that InvestcorpCreditManagementBDCInc . will post 1 earnings per share for the current year.

In other InvestcorpCreditManagementBDCInc . news, major shareholder Bdc Holdings Ltd Investcorp bought 15,624 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was acquired at an average price of $6.66 per share, for a total transaction of $104,055.84. Insiders have bought 33,416 shares of company stock valued at $223,579 in the last quarter. Insiders own 1.66% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Stephens Inc. AR acquired a new stake in shares of InvestcorpCreditManagementBDCInc . during the third quarter worth about $139,000. Oppenheimer & Co. Inc. purchased a new position in InvestcorpCreditManagementBDCInc . during the third quarter worth about $236,000. Finally, California Public Employees Retirement System purchased a new position in InvestcorpCreditManagementBDCInc . during the third quarter worth about $243,000. Institutional investors and hedge funds own 44.32% of the company’s stock.

InvestcorpCreditManagementBDCInc . Company Profile

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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