Investcorp Cr Mgmt Bdc Inc Stock Price, News & Analysis

Investcorp Credit Management BDC reported Q3 FY2021 results, showing a net asset value of $7.93 per share, up from $7.84. The firm declared a quarterly distribution of $0.15 per share, yielding 10.26% based on a share price of $5.85. New investments totaled $14.8 million with a weighted yield of 8.51%. Additionally, the firm realized $17.9 million from four investments. Net investment income reached $1.8 million, with earnings per share of $0.27. The company closed a $65 million public offering of notes, enhancing its financial capacity amid COVID-19 challenges.

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) has announced its upcoming earnings release for the quarter ending March 31, 2021, scheduled for May 10, 2021. A conference call will follow on May 11, 2021, at 1:00 PM ET for investors. The company focuses on maximizing returns through investments in middle-market companies with revenues over $50 million. ICMB's investment strategy targets debt and related equity investments, emphasizing strong financial metrics for potential investments.

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) announced a public offering of $65 million in principal amount of its 4.875% notes due 2026. The offering, expected to close on March 31, 2021, will yield approximately $63.1 million after underwriting expenses. Proceeds will be used to redeem all outstanding 6.125% Notes due 2023 and to fund investments in middle-market companies. The 2023 Notes have an outstanding amount of $51.4 million and are set to mature on July 1, 2023.

Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q2 2021 results, highlighting a net investment income of $3.0 million, or $0.22 per share. The net asset value per share increased to $7.84. Distributions for the quarter ending March 31, 2021, were declared at $0.15 per share, with an additional $0.03 supplemental distribution. The company made investments totaling $17.6 million at a weighted average yield of 11.75%, while receiving $23 million in repayments. However, net investment income was lower compared to previous periods due to COVID-19 impacts.

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) will release its financial results for the quarter ended December 31, 2020, on February 9, 2021, after market close. An earnings conference call is scheduled for February 10 at 1:00 PM ET, where participants can discuss the results. The company focuses on maximizing total return for shareholders by investing in middle-market companies with revenues of at least $50 million and EBITDA of $15 million. For further details, interested parties can visit their website.

Investcorp Credit Management BDC (NASDAQ: ICMB) reported its fiscal Q1 results for the period ending September 30, 2020. The company made four investments totaling $13.3 million with a weighted average yield of 14.60%. Net asset value increased to $7.81 per share, reflecting a 0.26% rise. Net investment income reached $2.7 million, translating to $0.20 per share. Notably, the company declared a distribution of $0.15 per share, plus an additional $0.03, scheduled for January 2021, offering a 21.82% yield based on the $3.30 share price as of November 6, 2020.

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) will announce its financial results for Q1 ended September 30, 2020, on November 9, 2020, after market closure. An earnings conference call is slated for November 10, 2020, at 1:00 PM ET, with participation details provided. The Company, regulated as a business development company, aims to maximize returns through investments in middle-market companies with revenues over $50 million and EBITDA over $15 million. Forward-looking statements are included, cautioning that actual performance may differ due to various factors.

Investcorp Credit Management BDC, Inc. (ICMB) has reported its fiscal fourth-quarter results ending June 30, 2020. The company made six new investments totaling $4.9 million with a weighted average yield of 9.01%. However, the net asset value (NAV) per share declined by 4.42% to $7.79. The net investment income was $3.4 million ($0.25 per share), and the company experienced a net decrease in net assets from operations of $2.5 million ($0.18 per share). A quarterly distribution of $0.15 per share is scheduled for October 15, 2020, with an additional supplemental distribution of $0.03 per share.

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) will release its financial results for the quarter and year ended June 30, 2020, on September 14, 2020, after market close. An earnings conference call is scheduled for September 15, 2020, at 1:00 PM ET, accessible via phone for interested parties. The Company focuses on investing in middle-market companies with annual revenues over $50 million and EBITDA of at least $15 million, aiming to maximize returns for stockholders through current income and capital appreciation.