TheStreet cut shares of Fidus Investment (NASDAQ:FDUS) from a b- rating to a c+ rating in a report released on Tuesday, March 13th.
Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Fidus Investment from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Thursday, January 4th. Ladenburg Thalmann Financial Services assumed coverage on shares of Fidus Investment in a report on Friday, February 16th. They issued a buy rating for the company. ValuEngine downgraded shares of Fidus Investment from a buy rating to a hold rating in a report on Thursday, March 1st. Finally, BidaskClub raised shares of Fidus Investment from a strong sell rating to a sell rating in a report on Saturday, March 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $17.50.
Shares of NASDAQ FDUS traded up $0.03 during midday trading on Tuesday, hitting $13.07. 68,710 shares of the stock traded hands, compared to its average volume of 124,016. The stock has a market capitalization of $319.00, a price-to-earnings ratio of 9.14 and a beta of 0.99. Fidus Investment has a one year low of $12.63 and a one year high of $18.21.
Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, March 1st. The asset manager reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). Fidus Investment had a return on equity of 8.91% and a net margin of 64.06%. The company had revenue of $17.07 million during the quarter, compared to analysts’ expectations of $17.76 million. analysts expect that Fidus Investment will post 1.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.94%. The ex-dividend date was Thursday, March 8th. Fidus Investment’s dividend payout ratio (DPR) is presently 109.09%.
In other news, insider Shelby E. Sherard purchased 7,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were acquired at an average cost of $13.10 per share, with a total value of $91,700.00. Following the completion of the acquisition, the insider now owns 10,435 shares of the company’s stock, valued at $136,698.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shelby E. Sherard purchased 3,500 shares of the business’s stock in a transaction on 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 acquisition, the insider now directly owns 11,749 shares of the company’s stock, valued at approximately $149,799.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 16,000 shares of company stock worth $206,710. Corporate insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of Fidus Investment by 51.3% during the third quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock worth $160,000 after buying an additional 3,394 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Fidus Investment by 8.0% during the fourth quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock worth $1,332,000 after buying an additional 6,484 shares during the period. Macquarie Group Ltd. lifted its position in Fidus Investment by 1,166.3% during the fourth quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 6,998 shares during the period. Novare Capital Management LLC lifted its position in Fidus Investment by 2.3% during the fourth quarter. Novare Capital Management LLC now owns 353,594 shares of the asset manager’s stock valued at $5,368,000 after purchasing an additional 8,050 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Fidus Investment during the fourth quarter valued at $223,000. Institutional investors and hedge funds own 31.87% 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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