BidaskClub Lowers Fidus Investment (NASDAQ:FDUS) to Hold

BidaskClub lowered shares of Fidus Investment (NASDAQ:FDUS) from a buy rating to a hold rating in a report issued on Wednesday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. National Securities assumed coverage on shares of Fidus Investment in a report on Wednesday, October 23rd. They issued a neutral rating and a $15.00 target price on the stock. Zacks Investment Research cut shares of Fidus Investment from a hold rating to a strong sell rating in a report on Wednesday, November 6th. Raymond James cut shares of Fidus Investment from a strong-buy rating to an outperform rating and dropped their target price for the company from $17.00 to $16.00 in a report on Friday, October 11th. Finally, ValuEngine cut shares of Fidus Investment from a hold rating to a sell rating in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $16.63.

NASDAQ:FDUS traded down $0.02 on Wednesday, hitting $15.20. 80,001 shares of the company’s stock were exchanged, compared to its average volume of 108,667. The firm has a 50-day moving average price of $15.31 and a 200-day moving average price of $15.36. Fidus Investment has a 52 week low of $11.48 and a 52 week high of $16.50. The company has a market cap of $373.06 million, a P/E ratio of 10.70 and a beta of 1.06.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, October 31st. The asset manager reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). The firm had revenue of $19.20 million during the quarter, compared to the consensus estimate of $19.49 million. Fidus Investment had a net margin of 50.69% and a return on equity of 9.10%. Research analysts anticipate that Fidus Investment will post 1.46 earnings per share for the current year.

The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 5th. Fidus Investment’s payout ratio is 109.86%.

Several hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC raised its holdings in shares of Fidus Investment by 33.1% in the 3rd quarter. Squarepoint Ops LLC now owns 19,178 shares of the asset manager’s stock valued at $284,000 after purchasing an additional 4,768 shares during the period. D.A. Davidson & CO. grew its stake in Fidus Investment by 35.6% in the 3rd quarter. D.A. Davidson & CO. now owns 13,700 shares of the asset manager’s stock valued at $203,000 after buying an additional 3,600 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Fidus Investment by 121.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 89,288 shares of the asset manager’s stock valued at $1,324,000 after buying an additional 49,015 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Fidus Investment by 108.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 12,065 shares of the asset manager’s stock valued at $179,000 after buying an additional 6,265 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Fidus Investment by 1.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,696 shares of the asset manager’s stock valued at $633,000 after buying an additional 800 shares during the last quarter. 30.54% of the stock is currently owned by institutional investors.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.

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