Fidus Investment (NASDAQ:FDUS) Raised to “Outperform” at Keefe, Bruyette & Woods

Fidus Investment (NASDAQ:FDUS) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Monday,Finviz reports. The firm currently has a $21.50 target price on the asset manager’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 5.55% from the stock’s previous close.

A number of other equities analysts have also recently commented on FDUS. Weiss Ratings reissued a “buy (b)” rating on shares of Fidus Investment in a report on Saturday, September 27th. LADENBURG THALM/SH SH raised shares of Fidus Investment to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, B. Riley downgraded shares of Fidus Investment from a “buy” rating to a “neutral” rating and raised their price target for the stock from $22.00 to $22.50 in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $22.00.

Fidus Investment Stock Performance

NASDAQ:FDUS opened at $20.37 on Monday. The stock has a market capitalization of $720.69 million, a PE ratio of 8.82 and a beta of 0.88. Fidus Investment has a fifty-two week low of $16.70 and a fifty-two week high of $23.55. The company has a fifty day moving average of $21.01 and a two-hundred day moving average of $20.30.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The business had revenue of $39.97 million during the quarter, compared to analysts’ expectations of $37.42 million. Research analysts forecast that Fidus Investment will post 2.28 earnings per share for the current year.

Institutional Investors Weigh In On Fidus Investment

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Fidus Investment during the 1st quarter valued at about $28,000. ORG Partners LLC purchased a new position in Fidus Investment in the 1st quarter valued at about $29,000. AdvisorNet Financial Inc boosted its stake in Fidus Investment by 137.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Fidus Investment by 154.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,658 shares of the asset manager’s stock valued at $54,000 after acquiring an additional 1,615 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its stake in Fidus Investment by 90.0% during the second quarter. MeadowBrook Investment Advisors LLC now owns 2,850 shares of the asset manager’s stock valued at $58,000 after purchasing an additional 1,350 shares during the last quarter. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

About Fidus Investment

Fidus Investment Corporation is a business development company. It 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.