Fidus Investment (NASDAQ:FDUS – Get Free Report) released its quarterly earnings data on Thursday. The asset manager reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57, Zacks reports. The business had revenue of $35.66 million for the quarter, compared to analysts’ expectations of $34.88 million. Fidus Investment had a return on equity of 12.63% and a net margin of 67.43%. During the same period in the previous year, the business posted $0.62 earnings per share.
Fidus Investment Price Performance
Shares of Fidus Investment stock traded down $0.11 during midday trading on Friday, hitting $19.30. 227,379 shares of the company were exchanged, compared to its average volume of 136,656. The firm has a 50 day simple moving average of $19.69 and a 200-day simple moving average of $19.67. The firm has a market cap of $608.92 million, a P/E ratio of 6.63 and a beta of 1.40. Fidus Investment has a 52 week low of $17.63 and a 52 week high of $21.01.
Fidus Investment Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 19th will be paid a $0.57 dividend. This is a boost from Fidus Investment’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 19th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.81%. Fidus Investment’s dividend payout ratio is currently 59.11%.
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.
Featured Articles
- Five stocks we like better than Fidus Investment
- What is a Dividend King?
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- P/E Ratio Calculation: How to Assess Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Consumer Discretionary Stocks Explained
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Fidus Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment and related companies with MarketBeat.com's FREE daily email newsletter.
