Equities research analysts expect Fidus Investment Corp (NASDAQ:FDUS) to post sales of $18.39 million for the current quarter, Zacks reports. Three analysts have made estimates for Fidus Investment’s earnings, with the highest sales estimate coming in at $19.06 million and the lowest estimate coming in at $17.82 million. Fidus Investment posted sales of $16.23 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Fidus Investment will report full-year sales of $18.39 million for the current financial year, with estimates ranging from $72.42 million to $77.56 million. For the next fiscal year, analysts forecast that the company will report sales of $80.70 million per share, with estimates ranging from $73.41 million to $90.57 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Fidus Investment.

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Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, March 1st. The asset manager reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The company had revenue of $17.07 million for the quarter, compared to the consensus estimate of $17.76 million.

Several analysts have recently issued reports on the stock. BidaskClub cut shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Ladenburg Thalmann Financial Services assumed coverage on shares of Fidus Investment in a research report on Friday, February 16th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, January 4th. Finally, ValuEngine cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.50.

In other news, insider Shelby E. Sherard acquired 3,500 shares of Fidus Investment stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average cost of $12.75 per share, with a total value of $44,625.00. Following the transaction, the insider now directly owns 11,749 shares of the company’s stock, valued at approximately $149,799.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shelby E. Sherard acquired 7,000 shares of Fidus Investment stock in a transaction that occurred on Wednesday, March 7th. The stock was purchased at an average cost of $13.10 per share, for a total transaction of $91,700.00. Following the completion of the transaction, the insider now directly owns 10,435 shares in the company, valued at $136,698.50. The disclosure for this purchase can be found here. Insiders have bought a total of 16,000 shares of company stock worth $206,710 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FDUS. Raymond James Financial Services Advisors Inc. raised its position in Fidus Investment by 4.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock worth $7,983,000 after purchasing an additional 20,675 shares during the period. Novare Capital Management LLC raised its position in Fidus Investment by 4.5% in the 3rd quarter. Novare Capital Management LLC now owns 345,544 shares of the asset manager’s stock worth $5,556,000 after purchasing an additional 14,725 shares during the period. Yorktown Management & Research Co Inc raised its position in Fidus Investment by 14.6% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock worth $4,422,000 after purchasing an additional 35,000 shares during the period. D.A. Davidson & CO. raised its position in Fidus Investment by 51.3% in the 3rd quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock worth $160,000 after purchasing an additional 3,394 shares during the period. Finally, BB&T Securities LLC raised its position in Fidus Investment by 23.4% in the 3rd quarter. BB&T Securities LLC now owns 219,466 shares of the asset manager’s stock worth $3,529,000 after purchasing an additional 41,592 shares during the period. 31.37% of the stock is currently owned by institutional investors.

Fidus Investment (NASDAQ FDUS) opened at $13.04 on Thursday. Fidus Investment has a 1-year low of $12.63 and a 1-year high of $18.21. The company has a market cap of $317.13, a PE ratio of 7.01 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.96%. The ex-dividend date of this dividend is Thursday, March 8th. Fidus Investment’s dividend payout ratio is 83.87%.

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About Fidus Investment

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

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