Notable News Spotlight: Investcorp Credit Management BDC (NASDAQ:ICMB)

Investcorp Credit Management BDC (NASDAQ:ICMB) spotted trading -20.85% off 52-week high price. On the other end, the stock has been noted 20.43% away from the low price over the last 52-weeks. The stock changed 3.38% to recent value of $6.72. The stock transacted 41310 shares during most recent day however it has an average volume of 26.79K shares. The company has 13.62M of outstanding shares.

On Oct. 17, 2019, Investcorp Credit Management BDC (NASDAQ:ICMB) revealed that it will release its financial results for the quarter ended September 30, 2019 on Tuesday, November 12, 2019 after the close of the financial markets.

About Investcorp Credit Management BDC

The Company is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s primary investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing in debt and related equity investments of privately held middle-market companies. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50 million and earnings before interest, taxes, depreciation and amortization of at least $15 million. The Company’s investment activities are managed by its investment adviser, CM Investment Partners LLC.

Its earnings per share (EPS) expected to touch remained 1.00% for this year.

The price moved ahead of 1.40% from the mean of 20 days, -2.31% from mean of 50 days SMA and performed -7.74% from mean of 200 days price. Company’s performance for the week was 3.38%, 0.30% for month and YTD performance remained 7.52%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

Address: 7302 Benton Street, Arvada, CO 80003, USA


Zip Code: 80003

Phone Number: 303-420-7222

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