Stock analysts offer forecast for Fidus Investment Co. earnings in the second quarter of 2022 (NASDAQ: FDUS)

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Fidus Investment Co. (NASDAQ:FDUS – Get Rating) – Oppenheimer Research analysts raised their second-quarter 2022 EPS estimates for Fidus Investment shares in a note to investors on Sunday, May 8. Oppenheimer analyst Penn now expects the asset manager to post earnings of $0.42 per share for the quarter, up from its previous forecast of $0.41. Oppenheimer also released estimates of Fidus Investment’s fiscal year 2022 earnings at $1.66 EPS and Q4 2023 earnings at $0.43 EPS.

Other equity research analysts have also recently released reports on the stock. StockNews.com launched coverage on Fidus Investment shares in a Thursday, March 31 report. They set a “buy” rating on the stock. Raymond James raised his price target on Fidus Investment shares from $19.50 to $21.50 and gave the company an “outperform” rating in a Monday, March 7 research note. B. Riley raised his price target on Fidus Investment shares from $19.50 to $21.50 in a Monday, March 7 research report. Zacks Investment Research upgraded shares of Fidus Investment from a “hold” rating to a “buy” rating and set a price target of $23.00 on the stock in a research report on Monday. Finally, Hovde Group downgraded Fidus Investment shares from an “outperform” rating to a “market performance” rating in a Wednesday, March 23 report. One research analyst gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat, Fidus Investment currently has a consensus rating of “Buy” and an average target price of $21.25.

The NASDAQ FDUS opened at $19.70 on Tuesday. The company has a market capitalization of $481.47 million, a PE ratio of 4.14 and a beta of 1.63. Fidus Investment has a 52 week low of $16.09 and a 52 week high of $21.15. The company’s 50-day simple moving average is $19.93 and its two-hundred-day simple moving average is $18.64. Fidus Investment (NASDAQ:FDUS – Get Rating) last released its quarterly earnings data on Thursday, May 5. The asset manager reported EPS of $0.43 for the quarter, beating the consensus estimate of $0.40 by $0.03. Fidus Investment posted a net margin of 138.01% and a return on equity of 9.34%. In the same quarter of the previous year, the company achieved EPS of $0.45.

A number of large investors have recently increased or reduced their holdings in FDUS. Deutsche Bank AG bought a new position in shares of Fidus Investment during the 3rd quarter for a value of $26,000. Chilton Capital Management LLC bought a new position in shares of Fidus Investment during the 4th quarter for a value of $32,000. Evolution Wealth Advisors LLC bought a new stock position in Fidus Investment during Q3 for $50,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in Fidus Investment during the fourth quarter, valued at approximately $84,000. Finally, GPS Wealth Strategies Group LLC strengthened its position in Fidus Investment by 23.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 4,820 shares of the asset manager valued at $97,000 after buying 913 additional shares last quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24. Shareholders of record on Friday, June 10 will receive a dividend of $0.36 per share. The ex-date of this dividend is Thursday, June 9. This represents an annualized dividend of $1.44 and a dividend yield of 7.31%. The dividend payout ratio (DPR) of Fidus Investment is 30.25%.

About Fidus Investment (Get an evaluation)

Fidus Investment Corporation is a business development company. She specializes in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, in debt, subordinated and second lien loans, senior secured and unitranche debt, preferred shares, warrants, subordinated debt, subordinated first lien bonds, junior secured loans and unitranche loans.

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