Fidus Investment (NASDAQ:FDUS) Issues Quarterly Earnings Results

Fidus Investment (NASDAQ:FDUS) posted its quarterly earnings results on Thursday. The asset manager reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04, Zacks reports. Fidus Investment had a return on equity of 12.32% and a net margin of 60.09%. The business had revenue of $38.38 million during the quarter, compared to analysts’ expectations of $36.43 million. During the same period last year, the firm earned $0.68 EPS.

Fidus Investment Price Performance

Shares of FDUS stock traded down $0.05 during midday trading on Friday, reaching $19.45. 264,795 shares of the company traded hands, compared to its average volume of 186,120. The firm has a market cap of $644.96 million, a PE ratio of 6.95 and a beta of 1.40. The firm’s 50 day simple moving average is $19.71 and its two-hundred day simple moving average is $19.74. Fidus Investment has a 1-year low of $18.41 and a 1-year high of $20.60.

Fidus Investment Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be issued a $0.61 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from Fidus Investment’s previous quarterly dividend of $0.57. This represents a $2.44 dividend on an annualized basis and a yield of 12.54%. Fidus Investment’s dividend payout ratio (DPR) is 61.43%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a “hold” rating in a report on Monday, August 5th.

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.