Media headlines about Fidus Investment (NASDAQ:FDUS) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fidus Investment earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.653778240946 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities research analysts have recently weighed in on FDUS shares. Ladenburg Thalmann started coverage on shares of Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating on the stock. BidaskClub lowered shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded shares of Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Thursday, January 4th. TheStreet lowered shares of Fidus Investment from a “b-” rating to a “c+” rating in a report on Tuesday, March 13th. Finally, ValuEngine lowered shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.
Shares of FDUS opened at $13.07 on Friday. Fidus Investment has a twelve month low of $12.63 and a twelve month high of $18.21. The firm has a market capitalization of $319.73, a PE ratio of 9.14 and a beta of 0.99.
Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, March 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The firm had revenue of $17.07 million during the quarter, compared to analyst estimates of $17.76 million. sell-side analysts anticipate that Fidus Investment will post 1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 9th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.56 annualized dividend and a yield of 11.94%. Fidus Investment’s dividend payout ratio is currently 109.09%.
In related news, President Thomas Charles Lauer purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average cost of $12.80 per share, for a total transaction of $51,200.00. Following the purchase, the president now directly owns 74,600 shares of the company’s stock, valued at $954,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shelby E. Sherard purchased 3,500 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the purchase, the insider now directly owns 11,749 shares in the company, valued at $149,799.75. The disclosure for this purchase can be found here. Insiders have purchased a total of 16,000 shares of company stock worth $206,710 over the last quarter. 1.30% of the stock is owned by company insiders.
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Fidus Investment Company Profile
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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