Fidus Investment (NASDAQ:FDUS) Issues Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Fidus Investment reported quarterly earnings of $0.57 per share, exceeding estimates by $0.04, with revenues reaching $39.97 million compared to an expected $37.42 million.
• The company announced a significant increase in its dividend, raising it to $0.57 per share from a previous $0.11, resulting in a substantial dividend yield of 800.0%.
• Analysts have responded positively, with LADENBURG THALM/SH SH upgrading the stock from "hold" to "strong-buy," reflecting growing confidence in Fidus Investment's performance.

Fidus Investment (NASDAQ:FDUS - Get Free Report) posted its quarterly earnings data on Thursday. The asset manager reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.04, Zacks reports. Fidus Investment had a return on equity of 11.64% and a net margin of 51.88%. The company had revenue of $39.97 million during the quarter, compared to analyst estimates of $37.42 million.

Fidus Investment Trading Up 4.1%

Shares of FDUS opened at $21.37 on Friday. The firm has a market cap of $742.18 million, a PE ratio of 9.25 and a beta of 0.95. The stock has a fifty day moving average price of $20.64 and a 200-day moving average price of $20.69. Fidus Investment has a 12 month low of $16.70 and a 12 month high of $23.55.

Fidus Investment Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.57 per share. The ex-dividend date is Thursday, September 18th. This represents a dividend yield of 800.0%. This is a boost from Fidus Investment's previous -- dividend of $0.11. Fidus Investment's dividend payout ratio (DPR) is currently 73.50%.

Analyst Ratings Changes

Several analysts recently commented on FDUS shares. LADENBURG THALM/SH SH raised Fidus Investment from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th. B. Riley started coverage on Fidus Investment in a research report on Tuesday, May 13th. They issued a "buy" rating and a $22.00 price objective on the stock.

Institutional Investors Weigh In On Fidus Investment

An institutional investor recently bought a new position in Fidus Investment stock. Jane Street Group LLC bought a new stake in shares of Fidus Investment Corporation (NASDAQ:FDUS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,318 shares of the asset manager's stock, valued at approximately $475,000. Jane Street Group LLC owned 0.07% of Fidus Investment as of its most recent SEC filing. Hedge funds and other institutional investors own 28.14% of the company's stock.

Fidus Investment Company Profile

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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