B. Riley Analysts Reduce Earnings Estimates for Fidus Investment Co. (NASDAQ:FDUS)

Fidus Investment Co. (NASDAQ:FDUS) – B. Riley decreased their Q2 2024 EPS estimates for Fidus Investment in a report issued on Monday, May 6th. B. Riley analyst B. Rowe now anticipates that the asset manager will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.56. The consensus estimate for Fidus Investment’s current full-year earnings is $2.36 per share. B. Riley also issued estimates for Fidus Investment’s FY2024 earnings at $2.21 EPS.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS opened at $19.84 on Wednesday. Fidus Investment has a 1 year low of $17.63 and a 1 year high of $21.25. The stock has a 50-day simple moving average of $19.69 and a 200-day simple moving average of $19.54. The stock has a market capitalization of $626.03 million, a P/E ratio of 6.82 and a beta of 1.36.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, February 29th. The asset manager reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The firm had revenue of $36.31 million for the quarter, compared to analysts’ expectations of $32.83 million. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%.

Hedge Funds Weigh In On Fidus Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. GraniteShares Advisors LLC acquired a new position in shares of Fidus Investment during the fourth quarter worth about $1,475,000. Nisa Investment Advisors LLC acquired a new stake in Fidus Investment in the third quarter valued at approximately $140,000. Van ECK Associates Corp raised its stake in shares of Fidus Investment by 7.9% during the third quarter. Van ECK Associates Corp now owns 396,645 shares of the asset manager’s stock valued at $7,616,000 after purchasing an additional 29,098 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Fidus Investment during the fourth quarter worth $222,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Fidus Investment in the third quarter valued at $505,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 19th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend is Tuesday, June 18th. Fidus Investment’s payout ratio is currently 59.11%.

About Fidus Investment

Fidus Investment Corporation is a business development company. It 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.