InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) Insider Acquires $16,159.50 in Stock

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InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) insider Rocco Delguercio bought 2,394 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were purchased at an average cost of $6.75 per share, with a total value of $16,159.50.

ICMB stock remained flat at $$6.70 during trading hours on Thursday. The company had a trading volume of 200 shares, compared to its average volume of 27,237. InvestcorpCreditManagementBDCInc . has a fifty-two week low of $5.58 and a fifty-two week high of $9.05. The company has a market capitalization of $91.84 million, a PE ratio of 6.77 and a beta of 1.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.16.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last announced its earnings results on Tuesday, September 10th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $8.12 million for the quarter, compared to the consensus estimate of $8.86 million. Sell-side analysts expect that InvestcorpCreditManagementBDCInc . will post 1 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Thursday, September 26th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.00 annualized dividend and a yield of 14.93%. InvestcorpCreditManagementBDCInc .’s dividend payout ratio is currently 101.01%.

Several brokerages recently weighed in on ICMB. TheStreet cut InvestcorpCreditManagementBDCInc . from a “c” rating to a “d+” rating in a research note on Friday, September 13th. Raymond James decreased their target price on InvestcorpCreditManagementBDCInc . from $10.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Zacks Investment Research cut InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a research note on Friday, September 13th.

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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