Fidus Investment (NASDAQ:FDUS) Releases Earnings Results

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

Fidus Investment Stock Up 0.8%

FDUS stock traded up $0.15 during midday trading on Friday, reaching $19.65. 557,727 shares of the company’s stock traded hands, compared to its average volume of 226,081. The company has a 50-day simple moving average of $19.24 and a two-hundred day simple moving average of $18.96. Fidus Investment has a 1-year low of $16.86 and a 1-year high of $20.78. The company has a market cap of $745.72 million, a price-to-earnings ratio of 9.49 and a beta of 0.71.

Fidus Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Friday, December 18th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Friday, December 18th. Fidus Investment’s dividend payout ratio (DPR) is currently 82.30%.

Key Fidus Investment News

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Keefe, Bruyette & Woods downgraded Fidus Investment from an “outperform” rating to a “market perform” rating and set a $19.50 price objective on the stock. in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.50.

View Our Latest Analysis on Fidus Investment

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.

Further Reading

Earnings History for Fidus Investment (NASDAQ:FDUS)

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