$0.37 EPS Expected for Fidus Investment Corporation (FDUS) This Quarter
Wall Street brokerages expect Fidus Investment Corporation (NASDAQ:FDUS) to post earnings of $0.37 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Fidus Investment’s earnings. The highest EPS estimate is $0.38 and the lowest is $0.36. Fidus Investment reported earnings per share of $0.39 in the same quarter last year, which indicates a negative year over year growth rate of 5.1%. The business is scheduled to announce its next earnings results 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 post earnings of $1.57 per share, with EPS estimates ranging from $1.51 to $1.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Fidus Investment.
Several research analysts have weighed in on the company. Zacks Investment Research raised Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday. BidaskClub lowered Fidus Investment from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 20th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 10.24%. The ex-dividend date of this dividend was Tuesday, December 19th. Fidus Investment’s payout ratio is currently 79.19%.
Hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its holdings in shares of Fidus Investment by 5.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,541 shares of the asset manager’s stock valued at $463,000 after acquiring an additional 1,528 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Fidus Investment during the 2nd quarter valued at about $177,000. Van ECK Associates Corp increased its holdings in shares of Fidus Investment by 13.5% during the 2nd quarter. Van ECK Associates Corp now owns 183,155 shares of the asset manager’s stock valued at $3,081,000 after acquiring an additional 21,808 shares during the last quarter. Ativo Capital Management LLC increased its holdings in shares of Fidus Investment by 20.4% during the 2nd quarter. Ativo Capital Management LLC now owns 59,016 shares of the asset manager’s stock valued at $993,000 after acquiring an additional 10,007 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Fidus Investment by 8.2% during the 2nd 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 last quarter. 32.06% of the stock is currently owned by institutional investors.
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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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