Fidus Investment Corp (NASDAQ:FDUS) announced a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be given a dividend of 0.39 per share by the asset manager on Friday, March 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend is Thursday, March 8th.
Shares of Fidus Investment (FDUS) opened at $13.21 on Wednesday. The stock has a market capitalization of $325.96, a P/E ratio of 9.17 and a beta of 1.07. Fidus Investment has a fifty-two week low of $12.63 and a fifty-two week high of $18.21.
Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.06). The business had revenue of $17.07 million during the quarter, compared to analyst estimates of $17.76 million. Fidus Investment had a net margin of 64.06% and a return on equity of 8.99%. equities research analysts predict that Fidus Investment will post 1.57 earnings per share for the current year.
A number of research firms have issued reports on FDUS. Zacks Investment Research lowered Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised Fidus Investment from a “strong sell” rating to a “sell” rating in a report on Saturday. ValuEngine lowered Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Ladenburg Thalmann Financial Services began coverage on Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Fidus Investment presently has an average rating of “Hold” and a consensus target price of $17.50.
About Fidus Investment
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.