Fidus Investment (NASDAQ:FDUS) Issues Earnings Results

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

Fidus Investment Trading Down 0.3 %

NASDAQ:FDUS traded down $0.05 during mid-day trading on Friday, hitting $19.45. The stock had a trading volume of 264,795 shares, compared to its average volume of 186,120. The company has a 50 day simple moving average of $19.71 and a 200-day simple moving average of $19.74. The stock has a market capitalization of $644.96 million, a price-to-earnings ratio of 6.95 and a beta of 1.40. Fidus Investment has a 52 week low of $18.41 and a 52 week high of $20.60.

Fidus Investment Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.61 per share. This is an increase from Fidus Investment's previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.44 annualized dividend and a dividend yield of 12.54%. Fidus Investment's payout ratio is 61.43%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a "hold" rating in a report 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.