Wall Street analysts predict that Fidus Investment Co. (NASDAQ:FDUS) will announce sales of $19.99 million for the current quarter, according to Zacks. Three analysts have made estimates for Fidus Investment’s earnings, with the highest sales estimate coming in at $20.27 million and the lowest estimate coming in at $19.61 million. Fidus Investment posted sales of $20.43 million in the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is expected to issue its next earnings results on Thursday, August 5th.
On average, analysts expect that Fidus Investment will report full-year sales of $84.65 million for the current financial year, with estimates ranging from $83.10 million to $85.90 million. For the next fiscal year, analysts forecast that the business will report sales of $85.11 million, with estimates ranging from $83.91 million to $85.93 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, May 6th. The asset manager reported $0.45 EPS for the quarter, topping the consensus estimate of $0.35 by $0.10. Fidus Investment had a net margin of 78.86% and a return on equity of 10.19%. The company had revenue of $23.29 million during the quarter, compared to the consensus estimate of $20.16 million.
Several hedge funds and other institutional investors have recently made changes to their positions in FDUS. BlackRock Inc. grew its holdings in shares of Fidus Investment by 57.3% during the first quarter. BlackRock Inc. now owns 131,901 shares of the asset manager’s stock worth $2,051,000 after buying an additional 48,022 shares during the last quarter. Capital Asset Advisory Services LLC acquired a new position in shares of Fidus Investment during the 4th quarter worth approximately $57,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Fidus Investment in the 1st quarter worth approximately $1,487,000. Neuberger Berman Group LLC purchased a new stake in shares of Fidus Investment during the 1st quarter valued at $663,000. Finally, Pinz Capital Management LP purchased a new stake in shares of Fidus Investment during the 1st quarter valued at $100,000. Institutional investors and hedge funds own 24.62% of the company’s stock.
NASDAQ:FDUS traded down $0.10 during trading hours on Friday, hitting $16.79. 461 shares of the company traded hands, compared to its average volume of 75,758. The firm has a market cap of $410.35 million, a P/E ratio of 10.11 and a beta of 1.95. Fidus Investment has a one year low of $8.31 and a one year high of $18.00. The business’s 50-day simple moving average is $17.18.
The firm also recently disclosed a Variable dividend, which was paid on Monday, June 28th. Investors of record on Monday, June 14th were given a $0.39 dividend. The ex-dividend date of this dividend was Friday, June 11th. This represents a yield of 7.1%. Fidus Investment’s payout ratio is 80.00%.
About Fidus Investment
Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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