Press coverage about Fidus Investment (NASDAQ:FDUS) has trended somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fidus Investment earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.7930642527006 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Fidus Investment Corp (FDUS) President Thomas Charles Lauer Acquires 4,000 Shares (americanbankingnews.com)
- Insider Buying: Fidus Investment Corp (FDUS) Director Buys 1,500 Shares of Stock (americanbankingnews.com)
- Shelby E. Sherard Purchases 3,500 Shares of Fidus Investment Corp (FDUS) Stock (americanbankingnews.com)
- Fidus Investment Corp (FDUS) Insider Shelby E. Sherard Acquires 7,000 Shares (americanbankingnews.com)
A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research note on Tuesday. ValuEngine lowered shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Ladenburg Thalmann Financial Services assumed coverage on shares of Fidus Investment in a research note on Friday, February 16th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.50.
Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $17.07 million during the quarter, compared to the consensus estimate of $17.76 million. Fidus Investment had a return on equity of 8.91% and a net margin of 64.06%. equities research analysts predict that Fidus Investment will post 1.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.85%. Fidus Investment’s dividend payout ratio (DPR) is presently 83.87%.
In other Fidus Investment news, insider Shelby E. Sherard bought 3,500 shares of the stock in a transaction on Friday, March 9th. The stock was purchased at an average price of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the purchase, the insider now directly owns 11,749 shares in the company, valued at $149,799.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas Charles Lauer bought 4,000 shares of the stock in a transaction on Thursday, March 8th. The shares were acquired at an average price of $12.80 per share, with a total value of $51,200.00. Following the purchase, the president now owns 74,600 shares of the company’s stock, valued at $954,880. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 16,000 shares of company stock valued at $206,710. Insiders own 1.30% of the company’s stock.
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About Fidus Investment
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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