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Investor Bets Big on Troubled FTI Consulting
30 May
Summary
- Fiduciary Management acquired 823,713 shares of FTI Consulting.
- The trade was valued at an estimated $140.52 million.
- FTI Consulting revenue grew 9.5% despite share price decline.
On May 14, 2026, Fiduciary Management revealed a significant new investment in FTI Consulting, having purchased 823,713 shares worth approximately $140.52 million. This move comes as FTI Consulting's stock has underperformed, declining about 10% over the preceding year, lagging the S&P 500. The investment appears to be a contrarian play on a company whose core business remains robust.
FTI Consulting, a provider of business advisory and consulting services, reported a 9.5% year-over-year revenue increase to $983.3 million in the first quarter of 2026. Notably, its Corporate Finance and Strategic Communications segments saw strong demand, with revenues jumping 19% and 18% respectively. These areas often thrive during periods of corporate disruption and regulatory scrutiny.
The company reaffirmed its full-year revenue guidance between $3.94 billion and $4.10 billion. However, adjusted EBITDA margins decreased to 9.8% from 12.8% a year prior, primarily due to increased compensation and SG&A expenses. Despite this profitability dip, Fiduciary Management's substantial share acquisition suggests confidence in FTI Consulting's long-term prospects.
