Wall Street analysts predict that Fidus Investment Corp (NASDAQ:FDUS) will post sales of $18.33 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Fidus Investment’s earnings, with the lowest sales estimate coming in at $17.37 million and the highest estimate coming in at $19.31 million. Fidus Investment posted sales of $18.07 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, August 6th.
On average, analysts expect that Fidus Investment will report full year sales of $75.47 million for the current year, with estimates ranging from $72.19 million to $78.12 million. For the next year, analysts forecast that the company will report sales of $78.18 million, with estimates ranging from $76.29 million to $79.94 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, April 30th. The asset manager reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. Fidus Investment had a net margin of 13.19% and a return on equity of 8.19%. The firm had revenue of $19.98 million for the quarter, compared to analysts’ expectations of $19.61 million.
Several equities analysts have weighed in on the stock. Oppenheimer lowered their price objective on shares of Fidus Investment from $19.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. B. Riley lifted their price objective on shares of Fidus Investment from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Zacks Investment Research raised shares of Fidus Investment from a “sell” rating to a “hold” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.50.
Several large investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its stake in shares of Fidus Investment by 4.1% in the 1st quarter. Van ECK Associates Corp now owns 275,836 shares of the asset manager’s stock valued at $1,826,000 after purchasing an additional 10,974 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Fidus Investment in the 1st quarter valued at $1,314,000. Caxton Associates LP acquired a new stake in shares of Fidus Investment in the 1st quarter valued at $81,000. Blair William & Co. IL acquired a new stake in shares of Fidus Investment in the 1st quarter valued at $82,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Fidus Investment by 8.1% in the 1st quarter. Two Sigma Advisers LP now owns 113,213 shares of the asset manager’s stock valued at $749,000 after purchasing an additional 8,500 shares during the last quarter. 30.07% of the stock is owned by institutional investors.
NASDAQ FDUS traded down $0.13 on Tuesday, hitting $8.66. 92,097 shares of the stock were exchanged, compared to its average volume of 116,659. Fidus Investment has a 52-week low of $4.45 and a 52-week high of $16.25. The company has a market capitalization of $211.62 million, a price-to-earnings ratio of 20.62 and a beta of 1.67. The company’s 50-day moving average price is $8.89 and its two-hundred day moving average price is $10.37.
About Fidus Investment
Fidus Investment Corporation is a business development company 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.
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