Equities research analysts expect that Fidus Investment Corp (NASDAQ:FDUS) will post sales of $18.76 million for the current quarter, Zacks reports. Three analysts have issued estimates for Fidus Investment’s earnings. The lowest sales estimate is $18.29 million and the highest is $19.10 million. Fidus Investment posted sales of $17.07 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The business is expected to announce its next earnings report on Thursday, March 7th.
According to Zacks, analysts expect that Fidus Investment will report full year sales of $72.97 million for the current financial year, with estimates ranging from $72.50 million to $73.32 million. For the next financial year, analysts forecast that the company will post sales of $77.54 million, with estimates ranging from $76.71 million to $78.23 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, November 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Fidus Investment had a return on equity of 8.25% and a net margin of 69.97%. The firm had revenue of $17.87 million during the quarter, compared to the consensus estimate of $18.38 million.
FDUS has been the subject of a number of recent analyst reports. BidaskClub raised shares of Fidus Investment from a “hold” rating to a “buy” rating in a research report on Saturday, December 8th. TheStreet cut shares of Fidus Investment from a “b-” rating to a “c+” rating in a research note on Thursday, December 20th. ValuEngine cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Finally, Zacks Investment Research cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.50.
FDUS stock traded down $0.05 during trading on Friday, reaching $12.85. The stock had a trading volume of 36,100 shares, compared to its average volume of 91,225. Fidus Investment has a one year low of $11.48 and a one year high of $15.45. The company has a market capitalization of $314.84 million, a price-to-earnings ratio of 9.05 and a beta of 1.06.
The business also recently announced a quarterly dividend, which was paid on Friday, December 21st. Shareholders of record on Friday, December 7th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.14%. The ex-dividend date was Thursday, December 6th. Fidus Investment’s payout ratio is 109.09%.
In related news, insider Shelby E. Sherard bought 3,675 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were purchased at an average cost of $13.60 per share, for a total transaction of $49,980.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its stake in shares of Fidus Investment by 170.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 7,300 shares of the asset manager’s stock valued at $107,000 after buying an additional 4,600 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Fidus Investment by 72.5% during the 2nd quarter. Brown Advisory Inc. now owns 18,565 shares of the asset manager’s stock valued at $264,000 after buying an additional 7,805 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Fidus Investment by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,249 shares of the asset manager’s stock valued at $369,000 after buying an additional 4,571 shares in the last quarter. Optimum Investment Advisors lifted its stake in shares of Fidus Investment by 18.2% during the 3rd quarter. Optimum Investment Advisors now owns 32,959 shares of the asset manager’s stock valued at $482,000 after buying an additional 5,086 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Fidus Investment by 21.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,494 shares of the asset manager’s stock valued at $534,000 after buying an additional 6,400 shares in the last quarter. Hedge funds and other institutional investors own 27.72% of the company’s stock.
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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