Fidus Investment (NASDAQ:FDUS – Get Free Report)‘s stock had its “market perform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Monday,Benzinga reports. They currently have a $19.50 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential downside of 4.22% from the company’s previous close.
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Fidus Investment has a consensus rating of “Moderate Buy” and an average price target of $21.00.
Get Our Latest Stock Analysis on Fidus Investment
Fidus Investment Stock Performance
Fidus Investment (NASDAQ:FDUS – Get Free Report) last announced its earnings results on Thursday, May 7th. The asset manager reported $0.62 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 business had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $42.30 million. As a group, analysts predict that Fidus Investment will post 2.15 EPS for the current fiscal year.
Hedge Funds Weigh In On Fidus Investment
Large investors have recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in shares of Fidus Investment in the fourth quarter worth about $30,000. Hilton Head Capital Partners LLC bought a new stake in Fidus Investment during the 4th quarter valued at approximately $30,000. Flagship Harbor Advisors LLC purchased a new position in Fidus Investment in the 4th quarter worth approximately $31,000. BNP Paribas Financial Markets lifted its holdings in Fidus Investment by 5,750.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock worth $45,000 after purchasing an additional 2,185 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new position in Fidus Investment in the 4th quarter worth approximately $60,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.
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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