Zacks: Brokerages Anticipate Fidus Investment Corp (FDUS) Will Announce Quarterly Sales of $16.56 Million

Zacks: Brokerages Anticipate Fidus Investment Corp (FDUS) Will Announce Quarterly Sales of $16.56 Million

Equities analysts expect that Fidus Investment Corp (NASDAQ:FDUS) will post $16.56 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Fidus Investment Corp’s earnings. The lowest sales estimate is $16.34 million and the highest is $16.75 million. Fidus Investment Corp reported sales of $13.83 million in the same quarter last year, which indicates a positive year over year growth rate of 19.7%. The company is scheduled to report its next quarterly earnings report on Thursday, August 3rd.

On average, analysts expect that Fidus Investment Corp will report full-year sales of $16.56 million for the current year, with estimates ranging from $67.47 million to $70.06 million. For the next year, analysts forecast that the firm will post sales of $75.15 million per share, with estimates ranging from $70.28 million to $83.54 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Fidus Investment Corp.

Fidus Investment Corp (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, March 2nd. The asset manager reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Fidus Investment Corp had a net margin of 63.35% and a return on equity of 9.49%. The company had revenue of $17.28 million during the quarter, compared to the consensus estimate of $15.22 million.

A number of brokerages have issued reports on FDUS. Zacks Investment Research upgraded shares of Fidus Investment Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.00 price objective on shares of Fidus Investment Corp in a research note on Tuesday, March 21st.

A number of large investors have recently made changes to their positions in FDUS. CAMG Solamere Management LLC purchased a new stake in shares of Fidus Investment Corp during the fourth quarter worth about $173,000. Eagle Global Advisors LLC purchased a new stake in shares of Fidus Investment Corp during the first quarter worth about $224,000. Raiff Partners Inc. purchased a new stake in shares of Fidus Investment Corp during the fourth quarter worth about $236,000. First Allied Advisory Services Inc. increased its stake in shares of Fidus Investment Corp by 1.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 17,185 shares of the asset manager’s stock worth $270,000 after buying an additional 295 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Fidus Investment Corp by 26.9% in the first quarter. Baird Financial Group Inc. now owns 17,471 shares of the asset manager’s stock worth $307,000 after buying an additional 3,701 shares during the last quarter. Hedge funds and other institutional investors own 21.20% of the company’s stock.

Shares of Fidus Investment Corp (NASDAQ:FDUS) traded up 2.02% during trading on Friday, reaching $17.17. 68,723 shares of the company traded hands. The stock has a market capitalization of $385.59 million, a PE ratio of 7.81 and a beta of 1.06. Fidus Investment Corp has a 12 month low of $14.33 and a 12 month high of $18.21. The company has a 50-day moving average of $17.33 and a 200-day moving average of $16.75.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.56 dividend on an annualized basis and a yield of 9.09%. Fidus Investment Corp’s payout ratio is 73.24%.

Fidus Investment Corp 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FDUS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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