BidaskClub Lowers Fidus Investment (FDUS) to Strong Sell

Fidus Investment (NASDAQ:FDUS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Other equities research analysts have also recently issued reports about the stock. Ladenburg Thalmann initiated coverage on shares of Fidus Investment in a research report on Friday, February 16th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of 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. TheStreet cut shares of Fidus Investment from a “b-” rating to a “c+” rating in a research report on Tuesday, March 13th. Finally, ValuEngine cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.50.

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NASDAQ:FDUS opened at $13.07 on Friday. The stock has a market capitalization of $319.00, a PE ratio of 9.14 and a beta of 0.99. Fidus Investment has a twelve month low of $12.63 and a twelve month high of $18.21.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.06). The business had revenue of $17.07 million during the quarter, compared to analysts’ expectations of $17.76 million. Fidus Investment had a return on equity of 8.91% and a net margin of 64.06%. research analysts anticipate that Fidus Investment will post 1.56 EPS for the current year.

In related news, President Thomas Charles Lauer purchased 4,000 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was acquired at an average cost of $12.80 per share, for a total transaction of $51,200.00. Following the completion of the transaction, the president now directly owns 74,600 shares in the company, valued at $954,880. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shelby E. Sherard purchased 7,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were bought at an average price of $13.10 per share, with a total value of $91,700.00. Following the completion of the transaction, the insider now owns 10,435 shares of the company’s stock, valued at $136,698.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 16,000 shares of company stock valued at $206,710. 1.30% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. West Family Investments Inc. increased its position in shares of Fidus Investment by 24.8% during the fourth quarter. West Family Investments Inc. now owns 392,328 shares of the asset manager’s stock valued at $5,952,000 after acquiring an additional 78,007 shares during the last quarter. Novare Capital Management LLC increased its position in shares of 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 acquiring an additional 8,050 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of Fidus Investment by 808.2% during the fourth quarter. Kennedy Capital Management Inc. now owns 250,221 shares of the asset manager’s stock valued at $3,798,000 after acquiring an additional 222,670 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Fidus Investment by 40.3% during the fourth quarter. Two Sigma Advisers LP now owns 165,912 shares of the asset manager’s stock valued at $2,519,000 after acquiring an additional 47,676 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Fidus Investment by 10.5% during the fourth quarter. BlackRock Inc. now owns 156,871 shares of the asset manager’s stock valued at $2,381,000 after acquiring an additional 14,888 shares during the last quarter. 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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