Fidus Investment Corp (FDUS) Receives Hold Rating from Keefe, Bruyette & Woods
Fidus Investment Corp (NASDAQ:FDUS)‘s stock had its “hold” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research note issued on Tuesday. They presently have a $18.00 target price on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 4.59% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Fidus Investment Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 11th. Robert W. Baird cut Fidus Investment Corp from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.50.
Fidus Investment Corp (NASDAQ:FDUS) opened at 17.21 on Tuesday. Fidus Investment Corp has a 12-month low of $14.33 and a 12-month high of $17.54. The stock’s 50 day moving average is $16.58 and its 200 day moving average is $16.11.
Fidus Investment Corp (NASDAQ:FDUS) last announced its earnings results on Thursday, March 2nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Fidus Investment Corp had a return on equity of 9.49% and a net margin of 63.35%. Equities research analysts forecast that Fidus Investment Corp will post $1.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.06%. The ex-dividend date of this dividend is Wednesday, March 8th. Fidus Investment Corp’s payout ratio is presently 73.24%.
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Institutional investors have recently made changes to their positions in the stock. CAMG Solamere Management LLC bought a new position in shares of Fidus Investment Corp during the fourth quarter valued at about $173,000. Guggenheim Capital LLC boosted its position in shares of Fidus Investment Corp by 1.8% in the fourth quarter. Guggenheim Capital LLC now owns 83,212 shares of the company’s stock valued at $1,309,000 after buying an additional 1,489 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Fidus Investment Corp by 72.8% in the fourth quarter. Two Sigma Investments LP now owns 125,504 shares of the company’s stock valued at $1,974,000 after buying an additional 52,876 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Fidus Investment Corp by 1.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 17,185 shares of the company’s stock valued at $270,000 after buying an additional 295 shares during the last quarter. Finally, Raiff Partners Inc. bought a new position in shares of Fidus Investment Corp during the fourth quarter valued at about $236,000. Institutional investors and hedge funds own 21.20% of the company’s stock.
Fidus Investment Corp Company Profile
Fidus Investment Corporation is a business development company. The Company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
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