B. Riley Equities Analysts Cut Earnings Estimates for Fidus Investment Corp (NASDAQ:FDUS)

Fidus Investment Corp (NASDAQ:FDUS) – Equities researchers at B. Riley decreased their Q1 2020 earnings per share (EPS) estimates for Fidus Investment in a report released on Tuesday, March 24th. B. Riley analyst T. Hayes now anticipates that the asset manager will earn $0.35 per share for the quarter, down from their previous estimate of $0.36. B. Riley currently has a “Neutral” rating and a $8.50 target price on the stock. B. Riley also issued estimates for Fidus Investment’s Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.35 EPS, Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.40 EPS, Q1 2021 earnings at $0.36 EPS, Q2 2021 earnings at $0.36 EPS, Q3 2021 earnings at $0.37 EPS, Q4 2021 earnings at $0.37 EPS and FY2021 earnings at $1.46 EPS.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, February 27th. The asset manager reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The business had revenue of $19.51 million for the quarter, compared to the consensus estimate of $20.34 million. Fidus Investment had a net margin of 62.86% and a return on equity of 8.39%.

FDUS has been the subject of a number of other reports. ValuEngine lowered shares of Fidus Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, March 18th. Zacks Investment Research upgraded shares of Fidus Investment from a “sell” rating to a “hold” rating in a research report on Tuesday. National Securities upgraded shares of Fidus Investment from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 17th. BidaskClub lowered shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 31st. Finally, TheStreet lowered shares of Fidus Investment from a “b-” rating to a “c+” rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.38.

Shares of NASDAQ FDUS opened at $7.54 on Thursday. The firm has a 50 day moving average of $12.33 and a 200 day moving average of $14.34. The firm has a market capitalization of $197.64 million, a price-to-earnings ratio of 3.81 and a beta of 0.99. Fidus Investment has a 12-month low of $4.45 and a 12-month high of $16.50.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 20.69%. Fidus Investment’s payout ratio is currently 108.33%.

In other news, Director Raymond L. Jr. Anstiss purchased 6,150 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $11.66 per share, for a total transaction of $71,709.00. Following the completion of the transaction, the director now directly owns 10,500 shares in the company, valued at approximately $122,430. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edward H. Ross bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of $9.31 per share, with a total value of $37,240.00. Following the transaction, the insider now owns 177,455 shares of the company’s stock, valued at approximately $1,652,106.05. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 25,100 shares of company stock valued at $283,805. Company insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of FDUS. California Public Employees Retirement System boosted its position in shares of Fidus Investment by 14.0% during the third quarter. California Public Employees Retirement System now owns 40,000 shares of the asset manager’s stock worth $593,000 after acquiring an additional 4,900 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Fidus Investment by 108.0% during the third quarter. Russell Investments Group Ltd. now owns 12,065 shares of the asset manager’s stock worth $179,000 after acquiring an additional 6,265 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Fidus Investment by 33.1% during the third quarter. Squarepoint Ops LLC now owns 19,178 shares of the asset manager’s stock worth $284,000 after acquiring an additional 4,768 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Fidus Investment during the fourth quarter worth $58,000. Finally, Advisory Services Network LLC bought a new position in shares of Fidus Investment during the fourth quarter worth $171,000. Hedge funds and other institutional investors own 30.67% of the company’s stock.

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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Earnings History and Estimates for Fidus Investment (NASDAQ:FDUS)

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