Fidus Investment Corporation (FDUS) Expected to Post Quarterly Sales of $17.66 Million
Wall Street brokerages forecast that Fidus Investment Corporation (NASDAQ:FDUS) will report sales of $17.66 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Fidus Investment Corporation’s earnings. The lowest sales estimate is $17.19 million and the highest is $18.01 million. Fidus Investment Corporation reported sales of $14.43 million during the same quarter last year, which indicates a positive year over year growth rate of 22.4%. The business is scheduled to report its next earnings report after the market closes on Thursday, November 2nd.
On average, analysts expect that Fidus Investment Corporation will report full year sales of $17.66 million for the current year, with estimates ranging from $68.20 million to $70.05 million. For the next year, analysts forecast that the company will report sales of $75.33 million per share, with estimates ranging from $72.07 million to $80.84 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Fidus Investment Corporation.
FDUS has been the topic of several research reports. BidaskClub lowered shares of Fidus Investment Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Fidus Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.50.
Fidus Investment Corporation (NASDAQ FDUS) opened at 16.50 on Wednesday. The company has a 50 day moving average of $16.10 and a 200-day moving average of $16.73. Fidus Investment Corporation has a one year low of $14.33 and a one year high of $18.21.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpha Cubed Investments LLC purchased a new position in Fidus Investment Corporation in the third quarter valued at approximately $235,000. Public Employees Retirement System of Ohio purchased a new position in Fidus Investment Corporation in the second quarter valued at approximately $1,800,000. Kingfisher Capital LLC purchased a new position in Fidus Investment Corporation in the second quarter valued at approximately $219,000. Raymond James Financial Services Advisors Inc. raised its holdings in Fidus Investment Corporation by 11.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 475,794 shares of the asset manager’s stock valued at $8,003,000 after buying an additional 49,744 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in Fidus Investment Corporation in the second quarter valued at approximately $349,000. Hedge funds and other institutional investors own 30.68% of the company’s stock.
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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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