Fidus Investment Co. Forecasted to Post Q4 2024 Earnings of $0.51 Per Share (NASDAQ:FDUS)

Fidus Investment Co. (NASDAQ:FDUS) – Research analysts at B. Riley dropped their Q4 2024 earnings estimates for shares of Fidus Investment in a research note issued to investors on Monday, May 6th. B. Riley analyst B. Rowe now forecasts that the asset manager will earn $0.51 per share for the quarter, down from their previous estimate of $0.53. The consensus estimate for Fidus Investment’s current full-year earnings is $2.36 per share.

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

Fidus Investment Price Performance

Shares of NASDAQ:FDUS opened at $19.84 on Tuesday. The business’s 50 day moving average price is $19.69 and its 200-day moving average price is $19.54. The firm has a market capitalization of $626.03 million, a price-to-earnings ratio of 6.82 and a beta of 1.36. Fidus Investment has a 1 year low of $17.63 and a 1 year high of $21.25.

Fidus Investment Cuts Dividend

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

Institutional Trading of Fidus Investment

A number of hedge funds and other institutional investors have recently modified their holdings of FDUS. Spire Wealth Management increased its stake in shares of Fidus Investment by 35.3% in the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after acquiring an additional 613 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Fidus Investment in the 4th quarter worth $57,000. First Horizon Advisors Inc. acquired a new stake in shares of Fidus Investment during the 4th quarter worth about $69,000. Cape Investment Advisory Inc. acquired a new stake in shares of Fidus Investment during the 4th quarter worth about $96,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Fidus Investment during the 3rd quarter worth about $140,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Company Profile

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.