Fidus Investment (FDUS) Getting Somewhat Favorable News Coverage, Study Shows

News headlines about Fidus Investment (NASDAQ:FDUS) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fidus Investment earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 46.7930642527006 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern’s scoring:

FDUS stock traded down $0.07 during mid-day trading on Wednesday, hitting $12.80. The company had a trading volume of 124,988 shares, compared to its average volume of 128,214. The company has a market capitalization of $319.34, a P/E ratio of 6.88 and a beta of 1.07. Fidus Investment has a 12-month low of $12.63 and a 12-month high of $18.21.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The company had revenue of $17.07 million during the quarter, compared to analysts’ expectations of $17.76 million. sell-side analysts forecast that Fidus Investment will post 1.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.19%. Fidus Investment’s payout ratio is 83.87%.

FDUS has been the subject of several research analyst reports. Ladenburg Thalmann Financial Services initiated coverage on Fidus Investment in a research report on Friday, February 16th. They set a “buy” rating for the company. BidaskClub downgraded Fidus Investment from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Zacks Investment Research upgraded Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, January 4th. ValuEngine downgraded Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, TheStreet downgraded Fidus Investment from a “b-” rating to a “c+” rating in a report on Tuesday, March 13th. Two equities research 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. The stock presently has a consensus rating of “Hold” and an average price target of $17.50.

In other news, insider Shelby E. Sherard bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average price of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the transaction, the insider now directly owns 11,749 shares in the company, valued at $149,799.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shelby E. Sherard bought 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was purchased at an average price of $13.10 per share, for a total transaction of $91,700.00. Following the transaction, the insider now owns 10,435 shares of the company’s stock, valued at $136,698.50. The disclosure for this purchase can be found here. Insiders have bought 16,000 shares of company stock worth $206,710 in the last 90 days. 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.

Insider Buying and Selling by Quarter for Fidus Investment (NASDAQ:FDUS)

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