Shares of Fidus Investment Corp (NASDAQ:FDUS) have received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.00.
Several brokerages have recently issued reports on FDUS. Zacks Investment Research cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. TheStreet cut shares of Fidus Investment from a “b-” rating to a “c+” rating in a research report on Thursday, December 20th. BidaskClub cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, ValuEngine cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a research report on Monday, December 31st.
In other news, insider Shelby E. Sherard bought 3,675 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average cost of $13.60 per share, for a total transaction of $49,980.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its stake in shares of Fidus Investment by 14.7% during the second quarter. Raymond James & Associates now owns 1,107,935 shares of the asset manager’s stock worth $15,744,000 after buying an additional 142,239 shares during the period. BB&T Securities LLC increased its stake in shares of Fidus Investment by 9.8% during the second quarter. BB&T Securities LLC now owns 302,049 shares of the asset manager’s stock worth $4,292,000 after buying an additional 26,848 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Fidus Investment by 4.7% during the third quarter. Advisors Asset Management Inc. now owns 233,234 shares of the asset manager’s stock worth $3,410,000 after buying an additional 10,565 shares during the period. Van ECK Associates Corp increased its stake in shares of Fidus Investment by 7.5% during the second quarter. Van ECK Associates Corp now owns 173,201 shares of the asset manager’s stock worth $2,461,000 after buying an additional 12,022 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Fidus Investment by 7.2% during the third quarter. BlackRock Inc. now owns 117,434 shares of the asset manager’s stock worth $1,717,000 after buying an additional 7,842 shares during the period. Hedge funds and other institutional investors own 27.72% of the company’s stock.
Shares of FDUS traded down $0.05 during mid-day trading on Wednesday, hitting $12.85. 36,111 shares of the company’s stock were exchanged, compared to its average volume of 91,225. The stock has a market capitalization of $314.84 million, a PE ratio of 8.99 and a beta of 1.06. Fidus Investment has a fifty-two week low of $11.48 and a fifty-two week high of $15.45.
Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, November 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.05). The business had revenue of $17.87 million for the quarter, compared to analyst estimates of $18.38 million. Fidus Investment had a return on equity of 8.25% and a net margin of 69.97%. On average, equities research analysts forecast that Fidus Investment will post 1.46 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 21st. Investors of record on Friday, December 7th were paid a dividend of $0.39 per share. The ex-dividend date was Thursday, December 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.14%. Fidus Investment’s payout ratio is 109.09%.
About Fidus Investment
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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