Fidus Investment (NASDAQ:FDUS) Releases Earnings Results

Fidus Investment (NASDAQ:FDUS) announced its quarterly earnings results on Thursday. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50, FiscalAI reports. The company had revenue of $32.55 million during the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a net margin of 45.36% and a return on equity of 10.90%.

Fidus Investment Trading Down 1.1%

FDUS traded down $0.23 during trading on Friday, reaching $20.35. 1,646,890 shares of the company’s stock were exchanged, compared to its average volume of 259,980. Fidus Investment has a one year low of $16.86 and a one year high of $21.67. The firm has a fifty day moving average price of $19.33 and a two-hundred day moving average price of $18.79. The stock has a market capitalization of $772.28 million, a PE ratio of 9.74 and a beta of 0.67.

Fidus Investment Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 annualized dividend and a yield of 8.5%. Fidus Investment’s dividend payout ratio (DPR) is currently 75.44%.

Hedge Funds Weigh In On Fidus Investment

A number of hedge funds have recently modified their holdings of the business. Beacon Pointe Advisors LLC grew its stake in shares of Fidus Investment by 33.1% in the fourth quarter. Beacon Pointe Advisors LLC now owns 30,128 shares of the asset manager’s stock worth $581,000 after purchasing an additional 7,500 shares during the last quarter. XTX Topco Ltd acquired a new stake in Fidus Investment in the fourth quarter valued at $647,000. Tudor Investment Corp ET AL bought a new position in Fidus Investment during the 4th quarter worth $208,000. Quadrature Capital Ltd acquired a new position in Fidus Investment during the 4th quarter worth about $286,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Fidus Investment in the 4th quarter valued at about $391,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FDUS. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.50 target price on shares of Fidus Investment in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Fidus Investment presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Fidus Investment Company Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.