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Look At Analyst Expectations For A Better Read On Fidus Investment Corporation (NASDAQ: FDUS)

January 25, 2023
in Finance

With over 71738.0 Fidus Investment Corporation (FDUS) shares trading Tuesday and a closing price of $19.95 on the day, the dollar volume was approximately $1.43 million. The shares have shown a positive half year performance of 9.69% and its price on 01/24/23 lost nearly -1.38%. Currently, there are 24.44M common shares owned by the public and among those 24.09M shares have been available to trade.

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

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The top 3 mutual fund holders in Fidus Investment Corporation are VanEck Vectors – BDC Income ETF, iShares II Plc – Listed Private E, and Nikko Asset Active BDC Mother Fun. VanEck Vectors – BDC Income ETF owns 0.32 million shares of the company’s stock, all valued at over $6.04 million. The company bought an additional 639.0 shares recently to bring their total holdings to about 1.30% of the shares outstanding. Nikko Asset Active BDC Mother Fun sold 27944.0 shares to bring its total holdings to over 48879.0 shares at a value of $0.93 million. Nikko Asset Active BDC Mother Fun now owns shares totaling to 0.20% of the shares outstanding.

However, the script later moved the day high at 20.27, down -1.38%. The company’s stock has a 5-day price change of 0.45% and 14.44% over the past three months. FDUS shares are trading 4.83% year to date (YTD), with the 12-month market performance up to 17.24% higher. It has a 12-month low price of $16.14 and touched a high of $20.99 over the same period. FDUS has an average intraday trading volume of 80.21K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.53%, 2.20%, and 5.72% respectively.

Institutional ownership of Fidus Investment Corporation (NASDAQ: FDUS) shares accounts for 20.73% of the company’s 24.44M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $487.53M. The stock’s trailing 12-month PE ratio is 6.01, while the earnings-per-share (ttm) stands at $3.32. The company has a PEG of 2.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.62% over the week and 1.69% over the month.

Analysts forecast that Fidus Investment Corporation (FDUS) will achieve an EPS of $0.44 for the current quarter, $0.45 for the next quarter and $1.88 for 2023. The lowest estimate earnings-per-share for the quarter is $0.42 while analysts give the company a high EPS estimate of $0.47. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 4.00%, and 14.10% over the next financial year. EPS should shrink at an annualized rate of 3.00% over the next five years, compared to 7.37% over the past 5-year period.

Looking at the support for the FDUS, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on October 14, 2022, with the firm’s price target at $18. Keefe Bruyette coverage for the Fidus Investment Corporation (FDUS) stock in a research note released on July 11, 2022 offered a Mkt Perform rating with a price target of $19.50. Hovde Group was of a view on August 09, 2021 that the stock is Outperform, while Hovde Group gave the stock Market Perform rating on May 10, 2021, issuing a price target of $17- $18.50. Keefe Bruyette on their part issued Outperform rating on May 07, 2021.

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