According to Zacks, “Fidus Investment Corporation is a business development company which provides customized mezzanine debt and equity financing solutions to lower middle-market companies. The Company partners with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Fidus Investment Corporation is based in Evanston, Illinois. “
Several other analysts have also recently commented on FDUS. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. B. Riley began coverage on Fidus Investment in a research report on Friday, June 21st. They set a “buy” rating and a $17.50 price objective for the company. Finally, TheStreet cut Vince from a “c-” rating to a “d” rating in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.75.
Shares of Fidus Investment stock traded up $0.05 during midday trading on Tuesday, hitting $16.21. The company’s stock had a trading volume of 57,406 shares, compared to its average volume of 99,265. The stock has a market cap of $396.74 million, a price-to-earnings ratio of 11.42 and a beta of 1.08. The company’s 50-day simple moving average is $16.03. Fidus Investment has a 1-year low of $11.48 and a 1-year high of $16.50.
Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, May 2nd. The asset manager reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $20.33 million during the quarter, compared to analysts’ expectations of $19.01 million. Fidus Investment had a return on equity of 9.24% and a net margin of 58.33%. On average, equities analysts predict that Fidus Investment will post 1.53 earnings per share for the current fiscal year.
In other news, Director Raymond L. Jr. Anstiss acquired 2,250 shares of Fidus Investment stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $16.00 per share, with a total value of $36,000.00. Following the completion of the transaction, the director now owns 4,760 shares in the company, valued at $76,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raymond L. Jr. Anstiss acquired 2,740 shares of Fidus Investment stock in a transaction that occurred on Monday, June 3rd. The shares were purchased at an average cost of $15.94 per share, with a total value of $43,675.60. Following the transaction, the director now owns 6,260 shares of the company’s stock, valued at approximately $99,784.40. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDUS. Marshall Wace LLP bought a new position in Fidus Investment in the first quarter valued at approximately $1,072,000. Bragg Financial Advisors Inc bought a new position in Fidus Investment in the first quarter valued at approximately $199,000. Acadian Asset Management LLC bought a new position in Fidus Investment in the first quarter valued at approximately $1,620,000. Raymond James & Associates increased its stake in Fidus Investment by 12.9% in the first quarter. Raymond James & Associates now owns 1,185,805 shares of the asset manager’s stock valued at $18,178,000 after acquiring an additional 135,825 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Fidus Investment by 23.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 653,974 shares of the asset manager’s stock valued at $10,025,000 after acquiring an additional 125,079 shares during the last quarter. 28.21% of the stock is owned by hedge funds and other 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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