22,571 Shares in Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 22,571 shares of the company’s stock, valued at approximately $68,000.

Investcorp Credit Management BDC Price Performance

NASDAQ ICMB opened at $2.80 on Thursday. The stock has a market capitalization of $40.36 million, a P/E ratio of 8.49 and a beta of 0.76. Investcorp Credit Management BDC, Inc. has a 1 year low of $2.46 and a 1 year high of $3.67. The business’s fifty day moving average is $2.96 and its two-hundred day moving average is $3.06. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 1.00.

Investcorp Credit Management BDC (NASDAQ:ICMB) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $4.78 million during the quarter, compared to the consensus estimate of $5.45 million. Investcorp Credit Management BDC had a net margin of 18.53% and a return on equity of 9.83%.

Investcorp Credit Management BDC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 17.14%. The ex-dividend date of this dividend is Friday, April 25th. Investcorp Credit Management BDC’s payout ratio is 104.35%.

Investcorp Credit Management BDC Company Profile

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.