Fidus Investment (NASDAQ:FDUS - Get Free Report) announced 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. The business had revenue of $45.91 million for the quarter, compared to analysts' expectations of $44.31 million. Fidus Investment had a return on equity of 11.20% and a net margin of 43.83%.
Fidus Investment Stock Performance
Shares of NASDAQ:FDUS traded up $0.15 during trading hours on Friday, hitting $19.65. The stock had a trading volume of 557,727 shares, compared to its average volume of 226,081. The stock's fifty day simple moving average is $19.24 and its 200 day simple moving average is $18.96. Fidus Investment has a 1-year low of $16.86 and a 1-year high of $20.78. The firm has a market capitalization of $745.72 million, a price-to-earnings ratio of 9.49 and a beta of 0.71.
Fidus Investment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Shareholders of record on Friday, December 18th will be given a $0.43 dividend. The ex-dividend date is Friday, December 18th. This represents a $1.72 annualized dividend and a yield of 8.8%. Fidus Investment's dividend payout ratio is 82.30%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Fidus Investment from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 31st. Keefe, Bruyette & Woods lowered Fidus Investment from an "outperform" rating to a "market perform" rating and set a $19.50 target price on the stock. in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.50.
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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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