Brokerages Anticipate Fidus Investment Corporation (FDUS) to Post $0.37 EPS
Equities research analysts forecast that Fidus Investment Corporation (NASDAQ:FDUS) will report earnings per share (EPS) of $0.37 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Fidus Investment’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.38. Fidus Investment posted earnings per share of $0.39 during the same quarter last year, which suggests a negative year over year growth rate of 5.1%. The company is scheduled to announce its next earnings report on Thursday, March 1st.
On average, analysts expect that Fidus Investment will report full-year earnings of $1.49 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.50. For the next financial year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Fidus Investment.
A number of analysts recently issued reports on FDUS shares. Zacks Investment Research upgraded shares of Fidus Investment from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub upgraded shares of Fidus Investment from a “sell” rating to a “hold” rating in a report on Saturday, August 5th.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, December 19th. This represents a $1.56 dividend on an annualized basis and a yield of 9.73%. Fidus Investment’s dividend payout ratio (DPR) is presently 78.79%.
A number of hedge funds and other institutional investors have recently bought and sold shares of FDUS. Morgan Stanley increased its holdings in Fidus Investment by 7.4% during the first quarter. Morgan Stanley now owns 79,744 shares of the asset manager’s stock worth $1,403,000 after buying an additional 5,478 shares during the last quarter. US Bancorp DE purchased a new stake in Fidus Investment during the second quarter worth about $138,000. Novare Capital Management LLC purchased a new stake in Fidus Investment during the second quarter worth about $5,564,000. Crescent Grove Advisors LLC purchased a new position in shares of Fidus Investment in the second quarter worth about $190,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Fidus Investment by 13.6% in the second quarter. Advisors Asset Management Inc. now owns 434,316 shares of the asset manager’s stock worth $7,305,000 after purchasing an additional 51,969 shares in the last quarter. Institutional investors and hedge funds own 32.12% 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.
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