Zacks: Analysts Set $9.00 Target Price for InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB)
InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) has received an average broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company.
Brokers have set a twelve-month consensus price target of $9.00 for the company and are predicting that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given InvestcorpCreditManagementBDCInc . an industry rank of 173 out of 255 based on the ratings given to its competitors.
Several research firms have recently commented on ICMB. ValuEngine downgraded InvestcorpCreditManagementBDCInc . from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded InvestcorpCreditManagementBDCInc . from a “sell” rating to a “hold” rating in a report on Thursday, November 14th.
InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The firm had revenue of $8.56 million during the quarter, compared to analysts’ expectations of $9.04 million. InvestcorpCreditManagementBDCInc . had a positive return on equity of 9.24% and a negative net margin of 48.63%. As a group, sell-side analysts predict that InvestcorpCreditManagementBDCInc . will post 1.01 EPS for the current year.
The company also recently disclosed a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 12th. InvestcorpCreditManagementBDCInc .’s dividend payout ratio is 101.01%.
In other news, major shareholder Bdc Holdings Ltd Investcorp acquired 5,015 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $7.23 per share, for a total transaction of $36,258.45. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Sullivan acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $7.10 per share, with a total value of $71,000.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $71,000. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 75,251 shares of company stock valued at $523,522. Corporate insiders own 1.66% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICMB. Squarepoint Ops LLC bought a new stake in InvestcorpCreditManagementBDCInc . during the third quarter worth $97,000. Stephens Inc. AR purchased a new position in InvestcorpCreditManagementBDCInc . during the 3rd quarter worth $139,000. Oppenheimer & Co. Inc. bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter worth $236,000. Finally, California Public Employees Retirement System bought a new stake in shares of InvestcorpCreditManagementBDCInc . in the 3rd quarter worth $243,000. Hedge funds and other institutional investors 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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