Wall Street analysts forecast that Fidus Investment Corporation (NASDAQ:FDUS) will post $17.66 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Fidus Investment Corporation’s earnings, with the lowest sales estimate coming in at $17.19 million and the highest estimate coming in at $18.01 million. Fidus Investment Corporation reported sales of $14.43 million in the same quarter last year, which would suggest a positive year over year growth rate of 22.4%. The business is expected to report its next earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Fidus Investment Corporation will report full-year sales of $17.66 million for the current financial year, with estimates ranging from $68.20 million to $70.05 million. For the next financial year, analysts expect that the business will post sales of $75.33 million per share, with estimates ranging from $72.07 million to $80.84 million. Zacks’ sales averages are an average based on a survey of analysts that follow Fidus Investment Corporation.
A number of equities analysts have weighed in on FDUS shares. Zacks Investment Research cut Fidus Investment Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. BidaskClub cut Fidus Investment Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.50.
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Several institutional investors have recently added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Fidus Investment Corporation by 9.9% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 286,058 shares of the asset manager’s stock valued at $4,599,000 after buying an additional 25,711 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fidus Investment Corporation by 4.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock valued at $7,983,000 after buying an additional 20,675 shares during the last quarter. Alpha Cubed Investments LLC purchased a new position in shares of Fidus Investment Corporation during the 3rd quarter valued at approximately $235,000. Public Employees Retirement System of Ohio purchased a new position in shares of Fidus Investment Corporation during the 2nd quarter valued at approximately $1,800,000. Finally, Kingfisher Capital LLC purchased a new position in shares of Fidus Investment Corporation during the 2nd quarter valued at approximately $219,000. Institutional investors own 30.68% of the company’s stock.
Shares of Fidus Investment Corporation (NASDAQ FDUS) traded up 0.78% on Wednesday, reaching $16.83. 61,848 shares of the company were exchanged. Fidus Investment Corporation has a 1-year low of $14.33 and a 1-year high of $18.21. The company has a 50-day moving average price of $16.15 and a 200 day moving average price of $16.73.
About Fidus Investment Corporation
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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