Fourth Quarter 2022 Earnings Forecast for Fidus Investment Co. (NASDAQ:FDUS) Released by B. Riley
Fidus Investment Co. (NASDAQ: FDUS – Get a rating) – Equity researchers B. Riley raised their fourth quarter 2022 earnings estimates for Fidus Investment shares in a research report delivered to clients and investors on Monday, November 7. B. Riley analyst B. Rowe now expects the asset manager to post earnings per share of $0.53 for the quarter, up from its previous forecast of $0.38. B. Riley has a “Buy” rating and a price target of $18.00 on the stock. The consensus estimate of Fidus Investment’s current annual earnings is $1.73 per share. B. Riley also released estimates for Fidus Investment’s fourth quarter 2023 earnings at $0.55 EPS and full year 2023 earnings at $2.15 EPS.
Separately, StockNews.com launched a hedge on the shares of Fidus Investment in a report on Wednesday, October 12. They issued a “hold” rating for the company. Three investment analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat, Fidus Investment currently has an average rating of “Hold” and a consensus price target of $19.50.
Price performance of Fidus investments
Shares of NASDAQ FDUS opened at $20.39 on Wednesday. The company has a 50-day simple moving average of $18.38 and a 200-day simple moving average of $18.86. The company has a market capitalization of $498.27 million, a PE ratio of 6.10 and a beta of 1.52. Fidus Investment has a 1 year minimum of $16.40 and a 1 year maximum of $21.25.
Institutional entries and exits
Several hedge funds have recently increased or reduced their holdings in FDUS. Van ECK Associates Corp increased its stake in Fidus Investment by 52.6% during the 1st quarter. Van ECK Associates Corp now owns 568,106 shares of the asset manager worth $11,464,000 after buying an additional 195,933 shares in the last quarter. Advisors Asset Management Inc. increased its stake in the shares of Fidus Investment by 22.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 259,006 shares of the asset manager valued at $4,520,000 after acquiring an additional 47,500 shares in the last quarter. PFG Advisors bought a new equity stake in Fidus Investment in Q2 worth $654,000. Pictet North America Advisors SA bought a new equity stake in Fidus Investment in the 2nd quarter for a value of $543,000. Finally, Banque Pictet & Cie SA acquired in the 2nd quarter a new stake in shares of Fidus Investment valued at $543,000.
Profile of the investment company Fidus
Fidus Investment Corporation is a business development firm specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, investments in the lower middle market, debt investments, subordinated and second lien loans, senior secured loans and unitranche debt, preferred shares, warrants, subordinated debt, senior subordinated notes, junior secured loans and loans unitranche.
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