FY2024 EPS Estimates for Fidus Investment Raised by B. Riley

Fidus Investment Co. (NASDAQ:FDUS) – Investment analysts at B. Riley raised 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 post earnings per share of $2.28 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 quarterly earnings data on Thursday, October 31st. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The firm had revenue of $38.38 million for the quarter, compared to the consensus estimate of $36.43 million. During the same period last year, the firm earned $0.68 earnings per share.

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

Fidus Investment Stock Performance

NASDAQ FDUS opened at $19.61 on Wednesday. The firm’s 50 day moving average price is $19.67 and its 200-day moving average price is $19.73. Fidus Investment has a 52-week low of $18.41 and a 52-week high of $20.60. The company has a market cap of $650.27 million, a PE ratio of 7.00 and a beta of 1.40.

Fidus Investment Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 12.44%. This is an increase from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, December 17th. Fidus Investment’s dividend payout ratio (DPR) is 61.43%.

Institutional Investors Weigh In On Fidus Investment

Several institutional investors have recently bought and sold shares of FDUS. Van ECK Associates Corp boosted its stake in Fidus Investment by 20.8% in the second quarter. Van ECK Associates Corp now owns 725,873 shares of the asset manager’s stock valued at $14,140,000 after acquiring an additional 125,011 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in Fidus Investment in the second quarter valued at approximately $1,521,000. Cetera Advisors LLC boosted its stake in Fidus Investment by 611.5% in the first quarter. Cetera Advisors LLC now owns 71,651 shares of the asset manager’s stock valued at $1,414,000 after acquiring an additional 61,580 shares in the last quarter. Cetera Investment Advisers boosted its stake in Fidus Investment by 42.2% in the first quarter. Cetera Investment Advisers now owns 197,965 shares of the asset manager’s stock valued at $3,908,000 after acquiring an additional 58,768 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Fidus Investment in the third quarter valued at approximately $683,000. 28.14% of the stock is currently 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.