Brokerages forecast that Fidus Investment Corporation (NASDAQ:FDUS) will report earnings per share of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Fidus Investment Corporation’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.38. Fidus Investment Corporation reported earnings of $0.35 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.6%. The business is scheduled to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Fidus Investment Corporation will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.48 to $1.52. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $1.49 to $1.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Fidus Investment Corporation.
A number of equities analysts have commented on FDUS shares. BidaskClub downgraded Fidus Investment Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Zacks Investment Research upgraded Fidus Investment Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.50.
A number of hedge funds have recently modified their holdings of the business. Salzhauer Michael boosted its stake in Fidus Investment Corporation by 1.0% in the second quarter. Salzhauer Michael now owns 20,600 shares of the asset manager’s stock valued at $346,000 after acquiring an additional 200 shares during the period. D.A. Davidson & CO. boosted its stake in Fidus Investment Corporation by 8.2% in the second quarter. D.A. Davidson & CO. now owns 6,615 shares of the asset manager’s stock valued at $111,000 after acquiring an additional 504 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Fidus Investment Corporation by 2.8% in the first quarter. Oppenheimer & Co. Inc. now owns 26,013 shares of the asset manager’s stock valued at $457,000 after acquiring an additional 700 shares during the period. West Family Investments Inc. boosted its stake in Fidus Investment Corporation by 0.3% in the second quarter. West Family Investments Inc. now owns 300,811 shares of the asset manager’s stock valued at $4,860,000 after acquiring an additional 981 shares during the period. Finally, First Allied Advisory Services Inc. boosted its stake in Fidus Investment Corporation by 11.5% in the second quarter. First Allied Advisory Services Inc. now owns 19,155 shares of the asset manager’s stock valued at $323,000 after acquiring an additional 1,970 shares during the period. Institutional investors own 30.68% of the company’s stock.
Fidus Investment Corporation (NASDAQ:FDUS) traded down 0.19% during mid-day trading on Thursday, reaching $16.03. The company’s stock had a trading volume of 70,567 shares. The stock’s 50-day moving average is $16.09 and its 200-day moving average is $16.82. Fidus Investment Corporation has a 12 month low of $14.33 and a 12 month high of $18.21. The firm’s market capitalization is $392.43 million.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.39 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.56 dividend on an annualized basis and a yield of 9.73%. Fidus Investment Corporation’s payout ratio is currently 80.83%.
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About Fidus Investment Corporation
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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