Fidus Investment (NASDAQ:FDUS) Posts Earnings Results, Beats Expectations By $0.03 EPS

Fidus Investment (NASDAQ:FDUS – Get Free Report) announced its quarterly earnings results on Thursday. The asset manager reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03, FiscalAI reports. The business had revenue of $45.91 million for the quarter, compared to analysts’ expectations of $44.31 million. Fidus Investment had a return on equity of 11.20% and a net margin of 43.83%.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS traded up $0.15 during trading hours on Friday, hitting $19.65. The stock had a trading volume of 557,727 shares, compared to its average volume of 226,081. The stock’s fifty day simple moving average is $19.24 and its 200 day simple moving average is $18.96. Fidus Investment has a 1-year low of $16.86 and a 1-year high of $20.78. The firm has a market capitalization of $745.72 million, a price-to-earnings ratio of 9.49 and a beta of 0.71.

Fidus Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Friday, December 18th will be given a $0.43 dividend. The ex-dividend date is Friday, December 18th. This represents a $1.72 annualized dividend and a yield of 8.8%. Fidus Investment’s dividend payout ratio is 82.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Keefe, Bruyette & Woods lowered Fidus Investment from an “outperform” rating to a “market perform” rating and set a $19.50 target price on the stock. in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.50.

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Fidus Investment Company Profile

(Get Free Report)

Fidus Investment Corporation (NASDAQ: FDUS) is a business development company that provides financing to privately owned, lower middle-market companies in the United States. The company supports businesses that may have limited access to traditional bank financing and seeks to generate income through a portfolio of corporate investments.

Fidus primarily invests in secured debt, including first-lien and second-lien loans, as well as mezzanine debt and, in some cases, equity interests. Its portfolio companies operate across a range of industries, allowing Fidus to provide customized financing for acquisitions, recapitalizations, growth initiatives and other corporate purposes.

Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.

See Also

Earnings History for Fidus Investment (NASDAQ:FDUS)

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