Fidus Investment Corp (NASDAQ:FDUS) has received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $18.00.
FDUS has been the subject of several recent analyst reports. Ladenburg Thalmann Financial Services initiated coverage on shares of Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating for the company. BidaskClub cut shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Zacks Investment Research raised shares of Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Thursday, January 4th. ValuEngine cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, TheStreet cut shares of Fidus Investment from a “b-” rating to a “c+” rating in a report on Tuesday.
Fidus Investment (NASDAQ:FDUS) opened at $13.04 on Thursday. Fidus Investment has a 12-month low of $12.63 and a 12-month high of $18.21. The stock has a market cap of $322.77, a PE ratio of 7.01 and a beta of 1.07.
Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The business had revenue of $17.07 million for the quarter, compared to analysts’ expectations of $17.76 million. analysts anticipate that Fidus Investment will post 1.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be issued a $0.39 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.56 annualized dividend and a yield of 11.96%. Fidus Investment’s dividend payout ratio (DPR) is presently 83.87%.
In related news, insider Shelby E. Sherard purchased 3,500 shares of Fidus Investment stock in a transaction dated Friday, March 9th. The stock was purchased at an average cost of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the purchase, the insider now directly owns 11,749 shares of the company’s stock, valued at approximately $149,799.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shelby E. Sherard purchased 7,000 shares of Fidus Investment stock in a transaction dated Wednesday, March 7th. The stock was bought at an average price of $13.10 per share, with a total value of $91,700.00. Following the completion of the purchase, the insider now directly owns 10,435 shares of the company’s stock, valued at $136,698.50. The disclosure for this purchase can be found here. Insiders acquired 16,000 shares of company stock valued at $206,710 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. grew its stake in shares of Fidus Investment by 1,166.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock worth $115,000 after acquiring an additional 6,998 shares during the period. D.A. Davidson & CO. grew its position in Fidus Investment by 51.3% during the third quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after buying an additional 3,394 shares during the period. Citadel Advisors LLC bought a new stake in Fidus Investment during the fourth quarter valued at approximately $223,000. Millennium Management LLC grew its position in Fidus Investment by 63.1% during the fourth quarter. Millennium Management LLC now owns 48,724 shares of the asset manager’s stock valued at $740,000 after buying an additional 18,851 shares during the period. Finally, Guggenheim Capital LLC grew its position in Fidus Investment by 8.0% during the fourth quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock valued at $1,332,000 after buying an additional 6,484 shares during the period. Hedge funds and other institutional investors own 31.37% of the company’s stock.
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Fidus Investment Company Profile
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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