InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) Upgraded to Hold at ValuEngine

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday, ValuEngine reports.

ICMB has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of InvestcorpCreditManagementBDCInc . from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. 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. Finally, TheStreet lowered shares of InvestcorpCreditManagementBDCInc . from a “c” rating to a “d+” rating in a report on Friday, September 13th.

Shares of ICMB opened at $7.22 on Tuesday. InvestcorpCreditManagementBDCInc . has a 1-year low of $5.58 and a 1-year high of $8.18. The firm’s 50-day moving average is $6.82. The company has a market cap of $98.24 million, a price-to-earnings ratio of 7.29 and a beta of 1.32. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 1.25.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last announced its quarterly earnings data on Tuesday, September 10th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). InvestcorpCreditManagementBDCInc . had a negative net margin of 48.63% and a positive return on equity of 9.24%. The company had revenue of $8.12 million for the quarter, compared to the consensus estimate of $8.86 million. Equities analysts predict that InvestcorpCreditManagementBDCInc . will post 1.01 EPS for the current year.

In other InvestcorpCreditManagementBDCInc . news, major shareholder Bdc Holdings Ltd Investcorp purchased 15,624 shares of InvestcorpCreditManagementBDCInc . 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. In the last 90 days, insiders bought 47,668 shares of company stock valued at $324,006. Company insiders own 1.66% of the company’s stock.

Several large investors have recently bought and sold shares of ICMB. Squarepoint Ops LLC bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter valued at about $97,000. Stephens Inc. AR bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter valued at about $139,000. Oppenheimer & Co. Inc. bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter valued at about $236,000. Finally, California Public Employees Retirement System bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter valued at about $243,000. Institutional investors and hedge funds own 44.33% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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