Group 1 - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a popular strategy for finding undervalued stocks that have potential for profit [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the Value category, where stocks with "A" grades and high Zacks Ranks are considered strong value stocks [3] Group 2 - Investcorp Credit Management BDC (ICMB) is identified as a stock to watch, currently holding a Zacks Rank of 2 (Buy) and an A for Value [4] - ICMB has a P/E ratio of 7.30, which is lower than the industry average of 8.56, indicating potential undervaluation [4] - The P/B ratio for ICMB is 0.59, compared to the industry average of 0.93, further suggesting that the stock may be undervalued [5] - ICMB's P/S ratio is 1.84, significantly lower than the industry's average P/S of 3.7, reinforcing the notion of undervaluation [6] - Overall, the key metrics indicate that ICMB is likely undervalued and presents an impressive value stock opportunity [7]

Financial Data and Key Metrics Changes - For the quarter ended March 31, 2024, net investment income was $2.1 million or $0.14 per share, an increase of approximately 32% from the previous quarter's net investment income of $1.6 million or $0.11 per share [23][28] - Net asset value per share increased approximately 0.2% to $5.49 per share from $5.48 per share at the end of the prior quarter, driven by an increase in capital gains [23][28] - The fair value of the portfolio was $192.2 million compared to $207.4 million on December 31, 2023 [28] Business Line Data and Key Metrics Changes - The weighted average yield of the debt portfolio increased to 12.36% compared to 11.46% for the quarter ended December 31, 2023 [28] - Fundings for new investments totaled approximately $8.9 million at cost with a weighted average yield of approximately 12.49% [25] - Six portfolio company realizations during the quarter totaled $21.2 million in proceeds with an IRR of approximately 17.09% [25][26] Market Data and Key Metrics Changes - Sponsored middle market direct lending new money volume in the quarter ending March 31, 2024, was down almost 10% from the quarter ended December 31, 2023 [25] - The weighted average EBITDA of the portfolio increased from $42.6 million as of March 31, 2023, to $63.5 million this quarter [25] Company Strategy and Development Direction - The company is focused on capital preservation and maintaining a stable dividend while rotating and diversifying the portfolio into more stable credits [29] - The strategy includes investing in larger credits backed by known sponsors and managing watch list names diligently [25][29] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline and capacity to invest capital in high-quality opportunities despite a competitive market with tightening spreads [24][29] - The company is actively working on nonaccrual situations and believes the overall health of the portfolio remains strong [19][20] Other Important Information - The company covered its March quarterly dividend with net investment income and expects to earn its dividend through the next quarter end [24] - Gross leverage was 1.52 times and net leverage was 1.36 times as of March 31, 2024, compared to 1.70 times gross and 1.51 times net for the previous quarter [28] Q&A Session Summary Question: What was the driver for the change in the yields on the portfolio? - Management indicated that the change was largely due to market conditions, with spreads tightening and a lack of deal flow in the marketplace [14] Question: Any update on Klein Hersh, one of the larger nonaccruals? - Management stated that discussions are ongoing and they believe they are in a good place, with more information to be shared once restructuring is finalized [15] Question: Will earnings cover the base dividend or the entire base and supplemental? - Management confirmed that earnings are expected to cover the base dividend, but not necessarily the supplemental at this point [16] Question: Thoughts on refinancing the 2026 notes with a higher coupon? - Management is developing a strategy around the refinancing and has been reducing net leverage over time [17] Question: Resolution time frame for other nonaccruals and overall health of the credit portfolio? - Management expressed satisfaction with the overall health of the portfolio and indicated that there are no imminent issues, although a couple of situations are developing [18][19]

Investcorp (ICMB) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this specialty finance company would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%. Over the last four quarte ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-01054 INVESTCORP CREDIT MANAGEMENT BDC, INC. (Exact Name of Registrant as Specified in Its Charter) (State or other Jurisdiction of Incorporation or Organization ...

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Q2 2024 Earnings Conference Call February 23, 2024 9:00 AM ET Company Participants Michael Mauer - Chairman and CEO Rocco DelGuercio - Chief Financial Officer Suhail Shaikh - Co-Head and Co-CIO of Private Credit Conference Call Participants Christopher Nolan - Ladenburg Thalmann Operator Good morning and thank you for joining today's Investcorp Credit Management BDC Second Quarter Fiscal Year 2024 Earnings Call. It is now my pleasure to turn the floor ov ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-01054 INVESTCORP CREDIT MANAGEMENT BDC, INC. (Exact Name of Registrant as Specified in Its Charter) (State or other Jurisdiction of Incorporation or Organizat ...

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Q1 2024 Results Conference Call November 14, 2023 1:00 PM ET Company Participants Mike Mauer - Chairman & Chief Executive Officer Suhail Shaikh - Co- Head of U.S. Direct Lending Rocco DelGuercio - Chief Financial Officer Conference Call Participants Paul Johnson - KBW Robert Dodd - Raymond James Christopher Nolan - Ladenburg Operator Welcome to the Investcorp Credit Management BDC, Inc. Schedules Earnings Release for First Quarter Ended September 30, 2023 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-01054 INVESTCORP CREDIT MANAGEMENT BDC, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-2883380 (State or other Jurisdiction of Incor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JUNE 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-01054 INVESTCORP CREDIT MANAGEMENT BDC, INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-2883380 280 Park Avenue 39 Floor th (Address of principal ...

Investcorp Credit Management BDC, Inc. (NASDAQ:ICMB) Q4 2023 Earnings Conference Call September 19, 2023 1:00 PM ET Corporate Participants Mike Mauer - Chairman & Chief Executive Officer Rocco DelGuercio - Chief Financial Officer Suhail Shaikh - Co- Head of U.S. Direct Lending Conference Call Participants Paul Johnson - KBW Robert Dodd - Raymond James Operator Welcome to the Investcorp Credit Management BDC Incorporated Scheduled Earnings Release of Fourth Quarter Ended June 30. Your speakers for today's ca ...