InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, reports.

According to Zacks, “Investcorp Credit Management BDC Inc. is a business development company. It invests primarily in the debt of U.S. middle-market companies. Investcorp Credit Management BDC Inc., formerly known as CM Finance Inc., is based in New York, United States. “

ICMB remained flat at $$6.80 during midday trading on Friday. 36,749 shares of the company’s stock traded hands, compared to its average volume of 39,267. InvestcorpCreditManagementBDCInc . has a 12-month low of $5.58 and a 12-month high of $9.35. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $93.29 million, a P/E ratio of 6.87 and a beta of 1.29.

InvestcorpCreditManagementBDCInc . (NASDAQ:ICMB) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.04). InvestcorpCreditManagementBDCInc . had a negative net margin of 42.28% and a positive return on equity of 8.48%. The company had revenue of $8.12 million during the quarter, compared to the consensus estimate of $8.86 million. As a group, analysts forecast that InvestcorpCreditManagementBDCInc . will post 1.14 earnings per share for the current fiscal year.

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.

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