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

Fidus Investment Co. (NASDAQ:FDUS) – Equities researchers at B. Riley reduced their Q4 2024 earnings estimates for Fidus Investment in a research report issued on Monday, May 6th. B. Riley analyst B. Rowe now expects that the asset manager will earn $0.51 per share for the quarter, down from their previous estimate of $0.53. B. Riley has a “Neutral” rating and a $22.00 price target on the stock. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.09. Fidus Investment had a net margin of 60.25% and a return on equity of 12.69%. The company had revenue of $36.31 million during the quarter, compared to analyst estimates of $32.83 million.

Fidus Investment Stock Down 0.3 %

Fidus Investment stock opened at $19.93 on Tuesday. Fidus Investment has a 52-week low of $17.63 and a 52-week high of $21.25. The firm has a fifty day moving average of $19.69 and a 200-day moving average of $19.53. The firm has a market capitalization of $628.79 million, a P/E ratio of 6.85 and a beta of 1.36.

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 8.63%. The ex-dividend date is Tuesday, June 18th. Fidus Investment’s payout ratio is currently 59.11%.

Institutional Investors Weigh In On Fidus Investment

A number of large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Fidus Investment by 1.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 39,429 shares of the asset manager’s stock valued at $778,000 after purchasing an additional 500 shares in the last quarter. Spire Wealth Management grew its holdings in Fidus Investment by 35.3% during the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 613 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Fidus Investment by 8.7% during the 1st quarter. Sound Income Strategies LLC now owns 8,974 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 721 shares in the last quarter. Kingfisher Capital LLC grew its holdings in Fidus Investment by 3.8% during the 3rd quarter. Kingfisher Capital LLC now owns 26,572 shares of the asset manager’s stock valued at $510,000 after purchasing an additional 966 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Fidus Investment by 5.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,923 shares of the asset manager’s stock valued at $432,000 after purchasing an additional 1,037 shares in the last quarter. 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.