$18.38 Million in Sales Expected for Fidus Investment Corp (FDUS) This Quarter

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Equities research analysts expect Fidus Investment Corp (NASDAQ:FDUS) to post sales of $18.38 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Fidus Investment’s earnings. The lowest sales estimate is $18.07 million and the highest is $18.80 million. Fidus Investment reported sales of $18.05 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Fidus Investment will report full year sales of $73.64 million for the current financial year, with estimates ranging from $73.21 million to $74.10 million. For the next year, analysts expect that the company will post sales of $79.10 million, with estimates ranging from $77.33 million to $80.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Fidus Investment.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $18.11 million for the quarter, compared to analysts’ expectations of $17.43 million. Fidus Investment had a return on equity of 8.73% and a net margin of 65.95%.

Several analysts recently commented on FDUS shares. TheStreet upgraded Fidus Investment from a “c+” rating to a “b-” rating in a research report on Wednesday, July 18th. BidaskClub upgraded Fidus Investment from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. ValuEngine upgraded Fidus Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research upgraded Fidus Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Fidus Investment presently has an average rating of “Hold” and a consensus price target of $16.50.

FDUS traded down $0.16 during trading hours on Monday, hitting $13.96. The company’s stock had a trading volume of 153,997 shares, compared to its average volume of 100,171. Fidus Investment has a fifty-two week low of $12.63 and a fifty-two week high of $16.94. The stock has a market cap of $357.65 million, a P/E ratio of 9.76 and a beta of 1.03.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 11.17%. The ex-dividend date was Thursday, September 6th. Fidus Investment’s dividend payout ratio is currently 109.09%.

A number of institutional investors and hedge funds have recently bought and sold shares of FDUS. Wells Fargo & Company MN boosted its stake in Fidus Investment by 71.6% during the 1st quarter. Wells Fargo & Company MN now owns 9,702 shares of the asset manager’s stock valued at $125,000 after purchasing an additional 4,049 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Fidus Investment during the 1st quarter valued at $131,000. Quad Cities Investment Group LLC bought a new position in Fidus Investment during the 2nd quarter valued at $139,000. Brown Advisory Inc. bought a new position in Fidus Investment during the 1st quarter valued at $139,000. Finally, Kingfisher Capital LLC bought a new position in Fidus Investment during the 1st quarter valued at $182,000. Hedge funds and other institutional investors own 28.39% of the company’s stock.

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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