Fidus Investment Corp Upgraded by TheStreet to “Buy” (FDUS)
The analysts wrote, “Fidus Investment (FDUS) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Fidus Investment Corp (NASDAQ:FDUS) traded down 1.05% during mid-day trading on Tuesday, hitting $18.89. 38,286 shares of the company’s stock traded hands. Fidus Investment Corp has a 52 week low of $16.07 and a 52 week high of $22.50. The stock has a 50-day moving average of $18.05 and a 200-day moving average of $19.8.
Fidus Investment Corp (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.06. On average, analysts predict that Fidus Investment Corp will post $1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 7.96%. The ex-dividend date is Wednesday, June 11th.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Fidus Investment Corp from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $16.50 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Fidus Investment Corp from $22.00 to $21.00 in a research note on Monday, May 12th. Finally, analysts at Raymond James upgraded shares of Fidus Investment Corp from an “outperform” rating to a “strong-buy” rating in a research note on Friday, March 28th. They now have a $22.00 price target on the stock. One analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Fidus Investment Corp presently has a consensus rating of “Buy” and a consensus price target of $20.38.
Fidus Investment Corporation provides customized mezzanine debt and equity financing solutions to lower middle-market companies.
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