Brokerages forecast that Fidus Investment Corp (NASDAQ:FDUS) will report $0.37 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Fidus Investment’s earnings, with estimates ranging from $0.36 to $0.37. Fidus Investment posted earnings per share of $0.31 in the same quarter last year, which would suggest a positive year over year growth rate of 19.4%. The business is expected to report its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Fidus Investment will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.47 to $1.56. For the next year, analysts expect that the company will report earnings of $1.55 per share, with EPS estimates ranging from $1.50 to $1.61. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 1st. The asset manager reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $18.07 million for the quarter, compared to analyst estimates of $19.36 million. Fidus Investment had a return on equity of 9.14% and a net margin of 52.70%.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Fidus Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. BidaskClub upgraded Fidus Investment from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. B. Riley started coverage on Fidus Investment in a report on Friday, June 21st. They issued a “buy” rating and a $17.50 price objective on the stock. Finally, LADENBURG THALM/SH SH downgraded Fidus Investment from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.75.
In other Fidus Investment news, insider Shelby E. Sherard bought 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $14.32 per share, with a total value of $44,392.00. Following the completion of the transaction, the insider now owns 18,960 shares in the company, valued at $271,507.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond L. Jr. Anstiss bought 2,740 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $15.94 per share, with a total value of $43,675.60. Following the transaction, the director now owns 6,260 shares of the company’s stock, valued at approximately $99,784.40. The disclosure for this purchase can be found here. Insiders purchased 6,840 shares of company stock worth $102,718 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its position in shares of Fidus Investment by 122.6% in the second quarter. Susquehanna International Group LLP now owns 79,568 shares of the asset manager’s stock worth $1,269,000 after purchasing an additional 43,828 shares during the last quarter. Summit Global Investments grew its position in Fidus Investment by 2.3% during the second quarter. Summit Global Investments now owns 45,100 shares of the asset manager’s stock valued at $719,000 after acquiring an additional 1,000 shares during the last quarter. Morgan Stanley grew its position in Fidus Investment by 20.2% during the second quarter. Morgan Stanley now owns 48,152 shares of the asset manager’s stock valued at $768,000 after acquiring an additional 8,089 shares during the last quarter. BlackRock Inc. grew its position in Fidus Investment by 31.5% during the second quarter. BlackRock Inc. now owns 151,686 shares of the asset manager’s stock valued at $2,420,000 after acquiring an additional 36,359 shares during the last quarter. Finally, Virtus ETF Advisers LLC bought a new position in Fidus Investment during the second quarter valued at approximately $3,511,000. 28.70% of the stock is owned by institutional investors and hedge funds.
Shares of Fidus Investment stock traded up $0.14 during trading on Monday, reaching $14.83. 62,338 shares of the company traded hands, compared to its average volume of 126,347. The firm has a market capitalization of $363.97 million, a PE ratio of 10.44 and a beta of 1.04. The company has a 50 day moving average price of $15.75 and a 200-day moving average price of $15.58. Fidus Investment has a 1-year low of $11.48 and a 1-year high of $16.50.
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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