Fidus Investment (NASDAQ:FDUS) announced its quarterly earnings data on Thursday. The asset manager reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02), Bloomberg Earnings reports. Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The company had revenue of $18.23 million during the quarter, compared to the consensus estimate of $18.39 million.
Shares of FDUS traded up $0.11 during mid-day trading on Friday, hitting $13.21. 140,642 shares of the company’s stock traded hands, compared to its average volume of 79,471. Fidus Investment has a 1 year low of $12.63 and a 1 year high of $17.75. The stock has a market capitalization of $320.47, a PE ratio of 9.24 and a beta of 1.00.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Stockholders of record on Friday, June 8th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.56 annualized dividend and a dividend yield of 11.81%. Fidus Investment’s dividend payout ratio (DPR) is presently 109.09%.
FDUS has been the subject of several recent research reports. ValuEngine downgraded Fidus Investment from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded Fidus Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, March 6th. BidaskClub upgraded Fidus Investment from a “strong sell” rating to a “sell” rating in a research report on Saturday, March 3rd. TheStreet cut Fidus Investment from a “b-” rating to a “c+” rating in a research note on Tuesday, March 13th. Finally, Ladenburg Thalmann assumed coverage on Fidus Investment in a research note on Friday, February 16th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.
In other Fidus Investment news, insider Shelby E. Sherard bought 3,500 shares of Fidus Investment stock in a transaction dated Friday, March 9th. The shares were purchased at an average cost of $12.75 per share, with a total value of $44,625.00. Following the completion of the purchase, the insider now owns 11,749 shares of the company’s stock, valued at $149,799.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Shelby E. Sherard bought 7,000 shares of Fidus Investment stock in a transaction dated Wednesday, March 7th. The shares were acquired at an average cost of $13.10 per share, for a total transaction of $91,700.00. Following the completion of the purchase, the insider now directly owns 10,435 shares of the company’s stock, valued at approximately $136,698.50. The disclosure for this purchase can be found here. Insiders have bought 16,000 shares of company stock worth $206,710 over the last three months. Insiders own 1.30% of the company’s stock.
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.