Fidus Investment (NASDAQ:FDUS) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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

Fidus Investment Price Performance

FDUS traded down $0.05 during midday trading on Friday, hitting $19.45. 264,795 shares of the company’s stock traded hands, compared to its average volume of 186,120. The company has a market cap of $644.96 million, a PE ratio of 6.95 and a beta of 1.40. The stock’s fifty day simple moving average is $19.71 and its 200-day simple moving average is $19.74. Fidus Investment has a one year low of $18.41 and a one year high of $20.60.

Fidus Investment Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be paid a $0.61 dividend. This is a boost from Fidus Investment’s previous quarterly dividend of $0.57. The ex-dividend date is Tuesday, December 17th. This represents a $2.44 annualized dividend and a dividend yield of 12.54%. Fidus Investment’s payout ratio is presently 61.43%.

Wall Street Analysts Forecast Growth

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

About Fidus Investment

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.