Brokerages expect Fidus Investment Corp (NASDAQ:FDUS) to report $18.38 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Fidus Investment’s earnings, with estimates ranging from $18.07 million to $18.80 million. Fidus Investment posted sales of $18.05 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Fidus Investment will report full year sales of $73.64 million for the current year, with estimates ranging from $73.21 million to $74.10 million. For the next fiscal year, analysts forecast that the business will report sales of $79.10 million, with estimates ranging from $77.33 million to $80.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $18.11 million for the quarter, compared to analyst estimates of $17.43 million. Fidus Investment had a net margin of 65.95% and a return on equity of 8.73%.
FDUS has been the subject of a number of analyst reports. BidaskClub raised shares of Fidus Investment from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. Zacks Investment Research downgraded shares of Fidus Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. TheStreet raised shares of Fidus Investment from a “c+” rating to a “b-” rating in a research note on Wednesday, July 18th. Finally, ValuEngine raised shares of Fidus Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Fidus Investment currently has a consensus rating of “Hold” and an average target price of $16.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Optimum Investment Advisors raised its stake in Fidus Investment by 18.2% during the third quarter. Optimum Investment Advisors now owns 32,959 shares of the asset manager’s stock worth $482,000 after buying an additional 5,086 shares during the last quarter. Raymond James & Associates increased its stake in Fidus Investment by 14.7% in the second quarter. Raymond James & Associates now owns 1,107,935 shares of the asset manager’s stock valued at $15,744,000 after purchasing an additional 142,239 shares in the last quarter. BB&T Securities LLC increased its stake in Fidus Investment by 9.8% in the second quarter. BB&T Securities LLC now owns 302,049 shares of the asset manager’s stock valued at $4,292,000 after purchasing an additional 26,848 shares in the last quarter. Van ECK Associates Corp increased its stake in Fidus Investment by 7.5% in the second quarter. Van ECK Associates Corp now owns 173,201 shares of the asset manager’s stock valued at $2,461,000 after purchasing an additional 12,022 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in Fidus Investment by 72.5% in the second quarter. Brown Advisory Inc. now owns 18,565 shares of the asset manager’s stock valued at $264,000 after purchasing an additional 7,805 shares in the last quarter. 28.39% of the stock is owned by institutional investors and hedge funds.
NASDAQ FDUS traded down $0.16 during mid-day trading on Monday, reaching $13.96. 153,997 shares of the stock were exchanged, compared to its average volume of 100,171. Fidus Investment has a one year low of $12.63 and a one year high of $16.94. The company has a market capitalization of $357.65 million, a PE ratio of 9.76 and a beta of 1.03.
The company also recently announced a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date was Thursday, September 6th. Fidus Investment’s dividend payout ratio is presently 109.09%.
About Fidus Investment
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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