Fidus Investment (NASDAQ:FDUS – Get Free Report) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a note issued to investors on Sunday,Zacks.com reports.
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Fidus Investment currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.
Get Our Latest Analysis on FDUS
Fidus Investment Trading Down 3.4%
Fidus Investment (NASDAQ:FDUS – Get Free Report) last released its earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. The company had revenue of $37.76 million for the quarter, compared to analyst estimates of $42.30 million. As a group, research analysts predict that Fidus Investment will post 2.15 earnings per share for the current year.
Institutional Trading of Fidus Investment
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDUS. Columbus Macro LLC lifted its holdings in shares of Fidus Investment by 21.0% during the 4th quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock valued at $9,376,000 after acquiring an additional 84,320 shares in the last quarter. Riverbridge Partners LLC lifted its position in Fidus Investment by 73.7% during the 4th quarter. Riverbridge Partners LLC now owns 101,578 shares of the asset manager’s stock worth $1,960,000 after acquiring an additional 43,098 shares in the last quarter. Muzinich & Co. Inc. lifted its position in shares of Fidus Investment by 40.3% during the fourth quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager’s stock worth $6,699,000 after purchasing an additional 99,671 shares in the last quarter. MQS Management LLC purchased a new position in shares of Fidus Investment in the fourth quarter valued at $852,000. Finally, Closed End Fund Advisors Inc. acquired a new stake in Fidus Investment during the 4th quarter valued at $749,000. Hedge funds and other institutional investors own 28.14% of the company’s stock.
About Fidus Investment
Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.
The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.
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