Fidus Investment Reports Quarterly Earnings, Surpassing Expectations

Fidus Investment (NASDAQ:FDUS) disclosed its quarterly earnings results on Thursday, revealing a robust performance. The asset management firm recorded earnings per share (EPS) of $0.61 for the quarter, exceeding analysts' consensus estimate of $0.57 by $0.04, as reported by Zacks. The company generated a revenue of $38.38 million, outperforming analysts' expectations, which were set at $36.43 million. Notably, Fidus Investment achieved a significant net margin of 60.09% and a return on equity of 12.32%. When compared to the same quarter last year, the firm had posted an EPS of $0.68.

Stock Performance of Fidus Investment

On the subsequent day, FDUS stock experienced a slight decline of $0.05 during midday trading, bringing the price down to $19.45. The trading volume was recorded at 264,795 shares, which is higher than the average volume of 186,120 shares. The stock has a 50-day moving average of $19.71 and a 200-day moving average of $19.74. Over the past year, Fidus Investment's stock has seen a low of $18.41 and a high of $20.60. The company currently holds a market capitalization of $644.96 million, a price-to-earnings (PE) ratio of 6.95, and a beta of 1.40.

Dividend Announcements

In addition to the earnings report, Fidus Investment recently announced an increase in its quarterly dividend. Shareholders on record by Tuesday, December 17th, will receive a dividend of $0.61, which will be paid out on Friday, December 27th. This reflects an annualized dividend of $2.44, translating to a yield of 12.54%. The new dividend represents an increase from the previous quarterly dividend of $0.57, and the company's payout ratio stands at 61.43%.

Analyst Ratings and Outlook

On a separate note, Keefe, Bruyette & Woods upgraded Fidus Investment to a "hold" rating in a report published on Monday, August 5th. This upgrade indicates a positive outlook among analysts regarding the company's future performance.

Overview of Fidus Investment Corporation

Fidus Investment Corporation is a business development company that specializes in various financial services. Its areas of expertise include leveraged buyouts, refinancing, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine financing, growth capital investment, and financing for business expansion. The firm also engages in lower middle market investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, and various forms of debt investments.

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