Fidus Investment Corp (FDUS) Expected to Post Earnings of $0.37 Per Share

Wall Street brokerages expect Fidus Investment Corp (NASDAQ:FDUS) to announce earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Three analysts have issued estimates for Fidus Investment’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.37. Fidus Investment reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The firm is scheduled to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Fidus Investment will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.49 to $1.56. For the next financial year, analysts forecast that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Fidus Investment.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Fidus Investment had a net margin of 58.33% and a return on equity of 9.24%. The company had revenue of $20.33 million during the quarter, compared to analyst estimates of $19.01 million.

FDUS has been the subject of a number of research reports. TheStreet raised shares of Fidus Investment from a “c+” rating to a “b” rating in a research note on Thursday, April 11th. BidaskClub lowered shares of Fidus Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research raised shares of Fidus Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th.

In other news, Director Raymond L. Jr. Anstiss bought 2,250 shares of the company’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $16.00 per share, with a total value of $36,000.00. Following the transaction, the director now directly owns 4,760 shares in the company, valued at approximately $76,160. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FDUS. Raymond James & Associates lifted its holdings in Fidus Investment by 12.9% during the 1st quarter. Raymond James & Associates now owns 1,185,805 shares of the asset manager’s stock worth $18,178,000 after buying an additional 135,825 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Fidus Investment by 23.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 653,974 shares of the asset manager’s stock worth $10,025,000 after purchasing an additional 125,079 shares in the last quarter. BB&T Securities LLC increased its holdings in shares of Fidus Investment by 21.3% in the 4th quarter. BB&T Securities LLC now owns 361,532 shares of the asset manager’s stock worth $4,226,000 after buying an additional 63,380 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Fidus Investment by 7.2% in the 3rd quarter. BlackRock Inc. now owns 117,434 shares of the asset manager’s stock worth $1,717,000 after buying an additional 7,842 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Fidus Investment by 15.4% in the 4th quarter. Legal & General Group Plc now owns 110,840 shares of the asset manager’s stock worth $1,301,000 after buying an additional 14,773 shares during the last quarter. 29.99% of the stock is owned by institutional investors.

NASDAQ:FDUS opened at $16.33 on Monday. Fidus Investment has a 1-year low of $11.48 and a 1-year high of $16.50. The stock has a market capitalization of $402.91 million, a P/E ratio of 11.50 and a beta of 1.22.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 9.55%. The ex-dividend date is Thursday, June 6th. Fidus Investment’s dividend payout ratio is currently 109.86%.

Fidus Investment Company Profile

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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