Fidus Investment Corp (NASDAQ:FDUS) – Equities researchers at Oppenheimer cut their Q1 2019 earnings estimates for shares of Fidus Investment in a research note issued to investors on Sunday, January 13th. Oppenheimer analyst C. Kotowski now anticipates that the asset manager will post earnings of $0.36 per share for the quarter, down from their previous estimate of $0.37. Oppenheimer also issued estimates for Fidus Investment’s Q2 2019 earnings at $0.38 EPS, FY2019 earnings at $1.56 EPS and FY2020 earnings at $1.62 EPS.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Fidus Investment from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut Fidus Investment from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. TheStreet cut Fidus Investment from a “b-” rating to a “c+” rating in a research note on Thursday, December 20th. Finally, BidaskClub cut Fidus Investment from a “buy” rating to a “hold” rating in a research note on Saturday, December 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.50.

Shares of FDUS stock opened at $13.14 on Wednesday. Fidus Investment has a fifty-two week low of $11.48 and a fifty-two week high of $15.45. The firm has a market capitalization of $313.86 million, a price-to-earnings ratio of 9.19 and a beta of 1.06.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, November 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). The business had revenue of $17.87 million during the quarter, compared to analyst estimates of $18.38 million. Fidus Investment had a net margin of 69.97% and a return on equity of 8.25%.

The company also recently declared a quarterly dividend, which was paid on Friday, December 21st. Stockholders of record on Friday, December 7th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.87%. The ex-dividend date of this dividend was Thursday, December 6th. Fidus Investment’s payout ratio is 109.09%.

In other news, insider Shelby E. Sherard purchased 3,675 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was bought at an average cost of $13.60 per share, for a total transaction of $49,980.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FDUS. Legal & General Group Plc raised its position in Fidus Investment by 6.5% during the 2nd quarter. Legal & General Group Plc now owns 93,548 shares of the asset manager’s stock worth $1,331,000 after purchasing an additional 5,680 shares during the last quarter. Optimum Investment Advisors raised its position in Fidus Investment by 18.2% during the 3rd quarter. Optimum Investment Advisors now owns 32,959 shares of the asset manager’s stock worth $482,000 after purchasing an additional 5,086 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in Fidus Investment by 170.4% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 7,300 shares of the asset manager’s stock worth $107,000 after purchasing an additional 4,600 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Fidus Investment by 21.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,494 shares of the asset manager’s stock worth $534,000 after purchasing an additional 6,400 shares during the last quarter. Finally, WESPAC Advisors LLC raised its position in Fidus Investment by 65.2% during the 3rd quarter. WESPAC Advisors LLC now owns 81,585 shares of the asset manager’s stock worth $1,193,000 after purchasing an additional 32,209 shares during the last quarter. Institutional investors own 27.78% of the company’s stock.

About Fidus Investment

Fidus Investment Corporation is a business development company 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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