Keefe, Bruyette & Woods Lowers Fidus Investment (NASDAQ:FDUS) Price Target to $20.00

Fidus Investment (NASDAQ:FDUS) had its target price cut by investment analysts at Keefe, Bruyette & Woods from $21.00 to $20.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.36% from the company’s current price.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

Fidus Investment Price Performance

Shares of NASDAQ FDUS traded down $0.20 during mid-day trading on Wednesday, hitting $17.96. The company’s stock had a trading volume of 106,922 shares, compared to its average volume of 248,762. Fidus Investment has a one year low of $16.70 and a one year high of $22.09. The company’s fifty day simple moving average is $19.05 and its 200-day simple moving average is $19.81. The stock has a market cap of $681.58 million, a price-to-earnings ratio of 7.68 and a beta of 0.72.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, February 26th. The asset manager reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. Fidus Investment had a net margin of 52.87% and a return on equity of 10.71%. The business had revenue of $32.73 million for the quarter, compared to analyst estimates of $39.46 million. On average, sell-side analysts predict that Fidus Investment will post 2.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Millennium Management LLC bought a new position in Fidus Investment during the 4th quarter worth about $4,778,000. Jane Street Group LLC bought a new stake in shares of Fidus Investment in the fourth quarter valued at about $2,118,000. Muzinich & Co. Inc. boosted its position in shares of Fidus Investment by 40.3% during the fourth quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager’s stock worth $6,699,000 after buying an additional 99,671 shares during the period. Columbus Macro LLC boosted its position in shares of Fidus Investment by 21.0% during the fourth quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock worth $9,376,000 after buying an additional 84,320 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Fidus Investment by 22.4% during the third quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager’s stock worth $8,913,000 after buying an additional 80,500 shares in the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.