Fidus Investment Co. to Post Q4 2024 Earnings of $0.51 Per Share, B. Riley Forecasts (NASDAQ:FDUS)

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

Fidus Investment Stock Performance

NASDAQ:FDUS opened at $19.85 on Tuesday. Fidus Investment has a 1 year low of $17.63 and a 1 year high of $21.25. The stock has a fifty day moving average price of $19.69 and a two-hundred day moving average price of $19.54. The stock has a market capitalization of $626.27 million, a price-to-earnings ratio of 6.82 and a beta of 1.36.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data 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. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%. The company had revenue of $36.31 million for the quarter, compared to analyst estimates of $32.83 million.

Hedge Funds Weigh In On Fidus Investment

Several hedge funds and other institutional investors have recently bought and sold shares of FDUS. Spire Wealth Management increased its stake in shares of Fidus Investment by 35.3% during the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock worth $46,000 after purchasing an additional 613 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Fidus Investment in the 4th quarter valued at $57,000. First Horizon Advisors Inc. acquired a new position in Fidus Investment in the fourth quarter valued at $69,000. Cape Investment Advisory Inc. acquired a new position in shares of Fidus Investment during the 4th quarter valued at about $96,000. Finally, Nisa Investment Advisors LLC purchased a new position in Fidus Investment during the third quarter worth approximately $140,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Cuts Dividend

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

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.