Fidus Investment (NASDAQ:FDUS) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Fidus Investment (NASDAQ:FDUS)‘s stock had its “market perform” rating reissued by research analysts at Keefe, Bruyette & Woods in a report released on Monday, Marketbeat Ratings reports. They currently have a $19.50 price objective on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 1.47% from the stock’s current price.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Fidus Investment presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Fidus Investment Stock Up 0.7%

FDUS stock opened at $19.79 on Monday. The company has a market cap of $751.03 million, a price-to-earnings ratio of 8.68 and a beta of 0.67. The business has a fifty day simple moving average of $19.00 and a 200-day simple moving average of $18.76. Fidus Investment has a 52 week low of $16.86 and a 52 week high of $21.69.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The business had revenue of $37.76 million for the quarter, compared to analyst estimates of $42.30 million. As a group, analysts expect that Fidus Investment will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidus Investment

Hedge funds have recently added to or reduced their stakes in the business. Columbus Macro LLC lifted its position in shares of Fidus Investment by 21.0% in the 4th 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 last quarter. Riverbridge Partners LLC grew its position in shares of Fidus Investment by 73.7% during the 4th quarter. Riverbridge Partners LLC now owns 101,578 shares of the asset manager’s stock valued at $1,960,000 after buying an additional 43,098 shares during the last quarter. Muzinich & Co. Inc. raised its stake in 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 acquiring an additional 99,671 shares during the period. MQS Management LLC bought a new position in Fidus Investment in the fourth quarter worth about $852,000. Finally, Closed End Fund Advisors Inc. acquired a new position in Fidus Investment in the fourth quarter valued at approximately $749,000. 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.