B. Riley Forecasts Higher Earnings for Fidus Investment

Fidus Investment Co. (NASDAQ:FDUS) – Equities researchers at B. Riley increased their FY2024 EPS estimates for Fidus Investment in a report issued on Monday, November 4th. B. Riley analyst B. Rowe now forecasts that the asset manager will earn $2.28 per share for the year, up from their prior estimate of $2.22. The consensus estimate for Fidus Investment’s current full-year earnings is $2.31 per share. B. Riley also issued estimates for Fidus Investment’s Q4 2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.53 EPS and Q3 2025 earnings at $0.53 EPS.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, October 31st. The asset manager reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $38.38 million for the quarter, compared to analysts’ expectations of $36.43 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. During the same quarter in the previous year, the business posted $0.68 EPS.

Separately, Keefe, Bruyette & Woods upgraded shares of Fidus Investment to a “hold” rating in a research note on Monday, August 5th.

Fidus Investment Price Performance

Shares of FDUS stock opened at $19.10 on Wednesday. The firm has a market cap of $633.36 million, a P/E ratio of 6.82 and a beta of 1.40. The stock’s 50-day moving average is $19.68 and its two-hundred day moving average is $19.73. Fidus Investment has a fifty-two week low of $18.41 and a fifty-two week high of $20.60.

Hedge Funds Weigh In On Fidus Investment

Several large investors have recently bought and sold shares of FDUS. Wetzel Investment Advisors Inc. bought a new stake in Fidus Investment in the 2nd quarter valued at $32,000. EntryPoint Capital LLC bought a new stake in shares of Fidus Investment in the 1st quarter worth about $45,000. EverSource Wealth Advisors LLC bought a new position in Fidus Investment during the 1st quarter valued at about $73,000. Farther Finance Advisors LLC raised its stake in shares of Fidus Investment by 23.6% in the third quarter. Farther Finance Advisors LLC now owns 7,467 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 1,426 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Fidus Investment by 20.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,866 shares of the asset manager’s stock worth $251,000 after purchasing an additional 2,140 shares in the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 12.77%. This is a boost from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, December 17th. Fidus Investment’s dividend payout ratio is currently 61.43%.

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.