Fidus Investment (NASDAQ:FDUS) Releases Earnings Results, Beats Expectations By $0.03 EPS

by · The Markets Daily

Fidus Investment (NASDAQ:FDUS – Get Free Report) issued its earnings results on Thursday. The asset manager reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03, FiscalAI reports. The business had revenue of $45.91 million during the quarter, compared to analyst estimates of $44.31 million. Fidus Investment had a return on equity of 11.20% and a net margin of 43.83%.

Fidus Investment Stock Up 0.8%

Fidus Investment stock traded up $0.15 during mid-day trading on Friday, hitting $19.65. 557,727 shares of the company were exchanged, compared to its average volume of 226,081. Fidus Investment has a 1-year low of $16.86 and a 1-year high of $20.78. The business has a fifty day moving average of $19.24 and a 200 day moving average of $18.96. The company has a market capitalization of $745.72 million, a PE ratio of 9.49 and a beta of 0.71.

Fidus Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Friday, December 18th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 8.8%. The ex-dividend date is Friday, December 18th. Fidus Investment’s dividend payout ratio is currently 82.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Keefe, Bruyette & Woods cut shares of Fidus Investment from an “outperform” rating to a “market perform” rating and set a $19.50 price objective for the company. in a research note on Monday, July 20th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.50.

View Our Latest Stock Report on Fidus Investment

Key Stories Impacting Fidus Investment

Here are the key news stories impacting Fidus Investment this week:

Fidus Investment Company Profile

(Get Free Report)

Fidus Investment Corporation (NASDAQ: FDUS) is a business development company that provides financing to privately owned, lower middle-market companies in the United States. The company supports businesses that may have limited access to traditional bank financing and seeks to generate income through a portfolio of corporate investments.

Fidus primarily invests in secured debt, including first-lien and second-lien loans, as well as mezzanine debt and, in some cases, equity interests. Its portfolio companies operate across a range of industries, allowing Fidus to provide customized financing for acquisitions, recapitalizations, growth initiatives and other corporate purposes.

Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.

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