Fidus Investment Co. Expected to Post Q2 2024 Earnings of $0.55 Per Share (NASDAQ:FDUS)

Fidus Investment Co. (NASDAQ:FDUS) – Equities research analysts at B. Riley dropped their Q2 2024 earnings per share estimates for Fidus Investment in a research report issued on Monday, May 6th. B. Riley analyst B. Rowe now anticipates that the asset manager will post earnings of $0.55 per share 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 Down 0.4 %

FDUS stock opened at $19.85 on Wednesday. The company’s fifty day simple moving average is $19.69 and its 200 day simple moving average is $19.54. Fidus Investment has a 12-month low of $17.63 and a 12-month high of $21.25. The firm has a market cap of $626.27 million, a price-to-earnings ratio of 6.82 and a beta of 1.36.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, February 29th. The asset manager reported $0.65 earnings per share (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 firm had revenue of $36.31 million for the quarter, compared to the consensus estimate of $32.83 million.

Fidus Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 19th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, June 18th. This represents a $1.72 annualized dividend and a dividend yield of 8.66%. Fidus Investment’s payout ratio is 59.11%.

Institutional Investors Weigh In On Fidus Investment

Hedge funds have recently added to or reduced their stakes in the business. Melia Wealth LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth approximately $13,532,000. Acadian Asset Management LLC acquired a new stake in Fidus Investment in the third quarter worth $4,662,000. Quadrature Capital Ltd increased its stake in Fidus Investment by 266.2% in the third quarter. Quadrature Capital Ltd now owns 203,809 shares of the asset manager’s stock valued at $3,916,000 after purchasing an additional 148,161 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Fidus Investment by 30.8% during the fourth quarter. Van ECK Associates Corp now owns 518,813 shares of the asset manager’s stock valued at $10,215,000 after purchasing an additional 122,168 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Fidus Investment during the 3rd quarter worth about $1,897,000. 28.14% of the stock is currently owned by institutional investors.

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.