As of May 10, 2023, Fidus Investment (NASDAQ:FDUS) has recently released its quarterly earnings report, and the numbers are looking impressive. The financial asset manager reported an EPS of $0.51 for the quarter, beating the consensus estimate by $0.03. This is welcome news for investors as they patiently await quarterly reports to measure how well their investments are performing.
Additionally, Fidus Investment possessed a net margin of 38.59%, demonstrating solid profitability, and a return on equity of 10.47%. Impressively, The company recorded revenue of $27.47 million during this period, surpassing analyst estimates that valued revenue at $26.73 million.
In line with boosting confidence among its investors even further, Fidus Investment declared dividends on March 2nd with a record payment date set for June 28th., Stockholders who had shares by June 21st were awarded with a dividend of $0.51 per share; yields calculated to reach approximately an annualized $2.04 per share returning a remarkable dividend yield percentage of 11.02%. It’s important to note that the ex-dividend date was set one-day before the record payment date on June 20th
Fidus Investment’s dividend payout ratio (DPR) currently stands at an impressive ratio of101.86%, which indicates that their dividend issuance rate isn’t just steady but also rapidly growing so investing in this company would prove worthwhile.
With this prosperous outlook revealed in their quarterly earnings forecast since beating analyst estimates markedly.Fidus’s shares rose in value opening at $18.52 on May 10th trading day which represented significant growth from its low point volatility changes over a span of just over a year indicated when it fell to its lowest point trading at around $16:40 however steadily increased trajectory trend towards meeting profits earning and delivering shared prosperity gains.
Overall, the company’s performance speaks to its reputation as a solid investment for those seeking to expand their portfolio of financial assets. So, whether you’re already invested in Fidus Investment or considering investing in the future – either way, the prospects look positive.
Fidus Investment Co. (NASDAQ:FDUS) Sees Increase in Q2 2023 EPS Estimates and Institutional Investments
Fidus Investment Co. (NASDAQ:FDUS) has been the topic of discussion among equities research analysts lately; in particular, B. Riley and its analyst B. Rowe have increased their Q2 2023 earnings per share (EPS) estimates for shares of Fidus Investment in a note issued to investors on May 8th. The asset manager is expected to post earnings of $0.56 per share for the quarter, up from their previous estimate of $0.54.
With a “Buy” rating and a price target of $22.00 on the stock, B. Riley’s forecasts are but one indication as to what we should expect from Fidus Investment’s current full-year earnings forecasted at $2.24 per share, with other estimates suggesting earnings at $0.58 EPS in Q3 2023 and FY2023 earnings at $2.28 EPS.
StockNews.com also weighed in on the company when they assumed coverage on Fidus Investment back in March this year, with a “hold” rating on the stock while Keefe Bruyette & Woods reduced their target price from $20.50 to $20.00 while maintaining a “market perform” rating.
Looking further into institutional investments, we can see that there have been some recent changes within this arena with regards to Fidus Investment; CWM LLC acquired a new position in shares during Q3 2022 valued at $25,000 while McElhenny Sheffield Capital Management LLC also acquired an additional stake worth about $26,000 during Q4 2022.
Spire Wealth Management is another investor that purchased a new stake valued at about $31,000 during Q4 while Capital Advisors Ltd LLC bought into the company for around $43,000 during the same period and JPMorgan Chase & Co made an investment worth approximately $50,000 back in 2019.
Overall, Fidus Investment Co. seems to be an increasingly popular investment with institutions, who now own nearly 19% of how much the company is valued at in the stock market today. It’s clear that as we move towards Q2 and Q3 2023, all eyes will be on Fidus Investments to see whether or not they can continue to exceed industry expectations and provide profitable returns for their investors.