InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) had its target price trimmed by Raymond James from $10.00 to $9.00 in a research report report published on Monday morning, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the stock.
Separately, Zacks Investment Research cut InvestcorpCreditManagementBDCInc . from a hold rating to a sell rating in a research report on Friday, September 13th.
Shares of NASDAQ ICMB opened at $6.70 on Monday. The stock has a market capitalization of $92.61 million, a P/E ratio of 6.77 and a beta of 1.29. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.24. InvestcorpCreditManagementBDCInc . has a 52-week low of $5.58 and a 52-week high of $9.05.
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 given a $0.25 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 14.93%. InvestcorpCreditManagementBDCInc .’s dividend payout ratio (DPR) is presently 101.01%.
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.
Further Reading: Neutral Rating
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