Brokerages expect Fidus Investment Corporation (NASDAQ:FDUS) to announce $17.82 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Fidus Investment’s earnings, with the highest sales estimate coming in at $17.98 million and the lowest estimate coming in at $17.58 million. Fidus Investment posted sales of $17.28 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.1%. The firm is expected to announce its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Fidus Investment will report full year sales of $17.82 million for the current financial year, with estimates ranging from $69.13 million to $69.53 million. For the next year, analysts expect that the company will post sales of $74.29 million per share, with estimates ranging from $71.76 million to $77.39 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Fidus Investment.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Fidus Investment from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. BidaskClub raised Fidus Investment from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th.

Several large investors have recently modified their holdings of the company. D.A. Davidson & CO. grew its position in shares of Fidus Investment 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 purchasing an additional 504 shares during the last quarter. West Family Investments Inc. grew its position in Fidus Investment by 0.3% during the second quarter. West Family Investments Inc. now owns 300,811 shares of the asset manager’s stock worth $4,860,000 after buying an additional 981 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Fidus Investment by 5.9% during the second quarter. Oppenheimer & Co. Inc. now owns 27,541 shares of the asset manager’s stock worth $463,000 after buying an additional 1,528 shares in the last quarter. First Allied Advisory Services Inc. grew its position in Fidus Investment by 11.5% during the second quarter. First Allied Advisory Services Inc. now owns 19,155 shares of the asset manager’s stock worth $323,000 after buying an additional 1,970 shares in the last quarter. Finally, Morgan Stanley grew its position 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 in the last quarter. 32.12% of the stock is currently owned by institutional investors.

Shares of Fidus Investment (NASDAQ FDUS) opened at $16.03 on Friday. The stock has a market capitalization of $390.17, a PE ratio of 10.41 and a beta of 1.12. Fidus Investment has a 1 year low of $15.60 and a 1 year high of $18.21.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 20th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.73%. The ex-dividend date of this dividend is Tuesday, December 19th. Fidus Investment’s dividend payout ratio is currently 79.19%.

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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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Earnings History and Estimates for Fidus Investment (NASDAQ:FDUS)

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