News stories about Fidus Investment (NASDAQ:FDUS) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fidus Investment earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.2091842426791 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
FDUS has been the topic of several recent analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of Fidus Investment in a report on Friday, February 16th. They set a “buy” rating on the stock. TheStreet lowered shares of Fidus Investment from a “b-” rating to a “c+” rating in a report on Tuesday, March 13th. Zacks Investment Research lowered shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. BidaskClub lowered shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 13th. Finally, Keefe, Bruyette & Woods set a $16.00 price objective on shares of Fidus Investment and gave the stock a “hold” rating in a report on Sunday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.50.
FDUS opened at $14.51 on Thursday. The company has a market cap of $355.94 million, a P/E ratio of 10.15 and a beta of 1.02. Fidus Investment has a 1 year low of $12.63 and a 1 year high of $17.49.
Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, May 3rd. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.02). The business had revenue of $18.23 million for the quarter, compared to analyst estimates of $18.39 million. Fidus Investment had a return on equity of 8.84% and a net margin of 70.01%. analysts expect that Fidus Investment will post 1.48 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date is Thursday, June 7th. Fidus Investment’s dividend payout ratio (DPR) is presently 109.09%.
In other Fidus Investment news, insider Shelby E. Sherard bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average price of $12.75 per share, with a total value of $44,625.00. Following the transaction, the insider now owns 11,749 shares in the company, valued at $149,799.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Fidus Investment Company Profile
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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