Equity research analysts expect Fidus Investment Co. (NASDAQ:FDUS – Get a rating) to announce sales of $19.94 million for the current quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for Fidus Investment. The highest sales estimate is $20.19 million and the lowest is $19.52 million. Fidus Investment reported sales of $23.29 million in the same quarter last year, suggesting a negative year-over-year growth rate of 14.4%. The company is due to announce its next quarterly earnings report on Thursday, May 5.
According to Zacks, analysts expect Fidus Investment to post revenue of $83.41 million for the current fiscal year, with estimates ranging from $81.32 million to $86.87 million. dollars. For the next fiscal year, analysts expect the company to record sales of $94.19 million, with estimates ranging from $89.50 million to $98.88 million. Zacks sell calculations are an average average based on a survey of sell side research firms that provide coverage for Fidus Investment.
Fidus Investment (NASDAQ: FDUS – Get a rating) last released its quarterly earnings data on Thursday, March 3. The asset manager reported earnings per share (EPS) of $0.49 for the quarter, beating Thomson Reuters consensus estimate of $0.35 by $0.14. Fidus Investment posted a net margin of 128.37% and a return on equity of 9.73%. In the same quarter a year earlier, the company posted earnings per share of $0.44.
Several research analysts have recently released reports on the stock. B. Riley raised his target price on Fidus Investment shares from $19.50 to $21.50 in a research note on Monday. Raymond James raised its price target on Fidus Investment shares from $19.50 to $21.50 and gave the company an “outperform” rating in a report on Monday. Ultimately, Zacks Investment Research downgraded the shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 5. One financial analyst gave the stock a sell rating and four gave the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $19.70.
Shares of Fidus Investment opened at $19.87 on Thursday. Fidus Investment has a 12-month low of $14.62 and a 12-month high of $20.25. The company has a 50-day simple moving average of $18.24 and a 200-day simple moving average of $17.93. The stock has a market capitalization of $485.56 million, a P/E ratio of 4.18 and a beta of 1.72.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 25. Shareholders of record on Friday, March 11 will receive a dividend of $0.36 per share. This represents a dividend of $1.44 on an annualized basis and a dividend yield of 7.25%. The ex-date of this dividend is Thursday, March 10. The distribution rate of Fidus Investment is 26.95%.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Morgan Stanley increased its position in Fidus Investment shares by 13.5% during the second quarter. Morgan Stanley now owns 377,857 shares of the asset manager valued at $6,424,000 after buying an additional 44,957 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Fidus Investment during the 4th quarter at a value of $770,000. Oak Harbor Wealth Partners LLC purchased a new equity position from Fidus Investment during Q4 valued at $752,000. RMB Capital Management LLC bought a new position in shares of Fidus Investment during the 4th quarter at a value of $719,000. Finally, BlackRock Inc. increased its stake in the shares of Fidus Investment by 22.9% during the 3rd quarter. BlackRock Inc. now owns 179,800 shares of the asset manager worth $3,136,000 after acquiring an additional 33,521 shares during the period. 21.81% of the shares are held by institutional investors and hedge funds.
Profile of the investment company Fidus (Get a rating)
Fidus Investment Corporation is a business development firm specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, investments in the lower middle market, debt investments, subordinated and second lien loans, senior secured loans and unitranche debt, preferred shares, warrants, subordinated debt, senior subordinated notes, junior secured loans and loans unitranche.
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