Brokerages expect that Fidus Investment Corp (NASDAQ:FDUS) will report $0.37 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Fidus Investment’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. Fidus Investment reported earnings per share of $0.36 during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The business is scheduled to report its next earnings report on Thursday, August 1st.
On average, analysts expect that Fidus Investment will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.49 to $1.56. For the next fiscal year, analysts anticipate that the business will report earnings of $1.59 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, May 2nd. The asset manager reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. Fidus Investment had a return on equity of 9.24% and a net margin of 58.33%. The business had revenue of $20.33 million for the quarter, compared to the consensus estimate of $19.01 million.
Several research firms recently commented on FDUS. B. Riley began coverage on Fidus Investment in a report on Friday, June 21st. They issued a “buy” rating and a $17.50 price target for the company. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. Finally, TheStreet cut Vince from a “c-” rating to a “d” rating in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $17.75.
Shares of NASDAQ:FDUS traded up $0.12 during midday trading on Friday, hitting $16.33. The company had a trading volume of 71,911 shares, compared to its average volume of 99,059. Fidus Investment has a twelve month low of $11.48 and a twelve month high of $16.50. The stock has a market capitalization of $396.50 million, a PE ratio of 11.50 and a beta of 1.07. The firm’s 50-day moving average is $16.03.
The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.39 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.56 annualized dividend and a dividend yield of 9.55%. Fidus Investment’s dividend payout ratio is presently 109.86%.
In other Fidus Investment news, Director Raymond L. Jr. Anstiss bought 2,250 shares of the business’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $16.00 per share, with a total value of $36,000.00. Following the completion of the purchase, the director now directly owns 4,760 shares in the company, valued at $76,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raymond L. Jr. Anstiss bought 2,740 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average cost of $15.94 per share, with a total value of $43,675.60. Following the purchase, the director now owns 6,260 shares of the company’s stock, valued at $99,784.40. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. WESPAC Advisors LLC increased its stake in Fidus Investment by 3.0% during the first quarter. WESPAC Advisors LLC now owns 63,809 shares of the asset manager’s stock worth $978,000 after acquiring an additional 1,870 shares during the last quarter. Prospera Financial Services Inc increased its stake in Fidus Investment by 13.5% during the first quarter. Prospera Financial Services Inc now owns 15,921 shares of the asset manager’s stock worth $247,000 after acquiring an additional 1,893 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Fidus Investment by 8.1% during the first quarter. Oppenheimer & Co. Inc. now owns 40,968 shares of the asset manager’s stock worth $628,000 after acquiring an additional 3,074 shares during the last quarter. Brown Advisory Inc. increased its stake in Fidus Investment by 54.7% during the fourth quarter. Brown Advisory Inc. now owns 28,720 shares of the asset manager’s stock worth $336,000 after acquiring an additional 10,155 shares during the last quarter. Finally, Bragg Financial Advisors Inc acquired a new stake in Fidus Investment during the first quarter worth $199,000. 28.21% of the stock is owned by institutional investors.
Fidus Investment Company Profile
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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