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

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

Fidus Investment (NASDAQ:FDUS) last released 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. The company had revenue of $36.31 million for the quarter, compared to the consensus estimate of $32.83 million. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%.

Fidus Investment Stock Performance

FDUS stock opened at $19.84 on Tuesday. 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 firm has a market cap of $626.03 million, a P/E ratio of 6.82 and a beta of 1.36.

Institutional Investors Weigh In On Fidus Investment

A number of hedge funds have recently bought and sold shares of FDUS. Spire Wealth Management increased its holdings 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 valued at $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 during the fourth quarter worth $57,000. First Horizon Advisors Inc. acquired a new position in shares of Fidus Investment in the 4th quarter valued at about $69,000. Cape Investment Advisory Inc. bought a new stake in shares of Fidus Investment during the 4th quarter valued at about $96,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Fidus Investment during the third quarter worth about $140,000. 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. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.43 per share. 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 dividend payout ratio (DPR) is presently 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.