BidaskClub downgraded shares of Fidus Investment (NASDAQ:FDUS) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning.

Other analysts have also issued reports about the company. Ladenburg Thalmann Financial Services assumed coverage on Fidus Investment in a report on Friday, February 16th. They issued a buy rating on the stock. Zacks Investment Research upgraded Fidus Investment from a hold rating to a buy rating and set a $17.00 price target on the stock in a report on Thursday, January 4th. Finally, ValuEngine lowered Fidus Investment from a buy rating to a hold rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Fidus Investment has a consensus rating of Hold and an average price target of $17.50.

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Fidus Investment (NASDAQ FDUS) opened at $13.17 on Tuesday. Fidus Investment has a 52 week low of $12.63 and a 52 week high of $18.21. The stock has a market capitalization of $315.17, a PE ratio of 7.08 and a beta of 1.07.

Fidus Investment (NASDAQ:FDUS) last posted its 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 72.69% and a return on equity of 12.69%. The business had revenue of $17.07 million during the quarter, compared to analyst estimates of $17.76 million. equities research analysts anticipate that Fidus Investment will post 1.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.85%. Fidus Investment’s dividend payout ratio (DPR) is 83.87%.

In other news, insider Shelby E. Sherard purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were bought at an average cost of $13.10 per share, for a total transaction of $91,700.00. Following the completion of the acquisition, the insider now directly owns 10,435 shares in the company, valued at approximately $136,698.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shelby E. Sherard purchased 3,500 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the acquisition, the insider now owns 11,749 shares of the company’s stock, valued at $149,799.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 16,000 shares of company stock worth $206,710. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Fidus Investment by 4.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock valued at $7,983,000 after purchasing an additional 20,675 shares in the last quarter. West Family Investments Inc. raised its holdings in Fidus Investment by 24.8% during the fourth quarter. West Family Investments Inc. now owns 392,328 shares of the asset manager’s stock worth $5,952,000 after acquiring an additional 78,007 shares in the last quarter. Novare Capital Management LLC raised its holdings 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 worth $5,368,000 after acquiring an additional 8,050 shares in the last quarter. Yorktown Management & Research Co Inc raised its holdings in Fidus Investment by 14.6% during the third quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock worth $4,422,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in Fidus Investment by 808.2% during the fourth quarter. Kennedy Capital Management Inc. now owns 250,221 shares of the asset manager’s stock worth $3,798,000 after acquiring an additional 222,670 shares in the last quarter. Institutional investors own 31.37% of the company’s stock.

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About Fidus Investment

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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