Fidus Investment (FDUS) Given a $16.00 Price Target by Keefe, Bruyette & Woods Analysts

Keefe, Bruyette & Woods set a $16.00 price target on Fidus Investment (NASDAQ:FDUS) in a research note issued to investors on Sunday. The firm currently has a hold rating on the asset manager’s stock.

Other analysts have also issued reports about the stock. Ladenburg Thalmann began coverage on shares of Fidus Investment in a research report on Friday, February 16th. They issued a buy rating on the stock. BidaskClub lowered shares of Fidus Investment from a sell rating to a strong sell rating in a research report on Friday, April 6th. Zacks Investment Research upgraded shares of Fidus Investment from a hold rating to a buy rating and set a $17.00 price target on the stock in a research report on Thursday, January 4th. TheStreet lowered shares of Fidus Investment from a b- rating to a c+ rating in a research report on Tuesday, March 13th. Finally, ValuEngine lowered shares of Fidus Investment from a buy rating to a hold rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Fidus Investment has a consensus rating of Hold and a consensus target price of $16.50.

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Shares of FDUS opened at $13.02 on Friday. Fidus Investment has a twelve month low of $12.63 and a twelve month high of $18.21. The stock has a market cap of $318.51, a price-to-earnings ratio of 9.10 and a beta of 0.99.



Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). Fidus Investment had a return on equity of 8.91% and a net margin of 64.06%. The company had revenue of $17.07 million for the quarter, compared to analyst estimates of $17.76 million. equities analysts anticipate that Fidus Investment will post 1.56 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. West Family Investments Inc. raised its stake 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 purchasing an additional 78,007 shares during the period. Novare Capital Management LLC raised its stake 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 purchasing an additional 8,050 shares during the period. Kennedy Capital Management Inc. raised its stake 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 purchasing an additional 222,670 shares during the period. Two Sigma Advisers LP raised its stake in Fidus Investment by 40.3% during the fourth quarter. Two Sigma Advisers LP now owns 165,912 shares of the asset manager’s stock worth $2,519,000 after purchasing an additional 47,676 shares during the period. Finally, BlackRock Inc. raised its stake in Fidus Investment by 10.5% during the fourth quarter. BlackRock Inc. now owns 156,871 shares of the asset manager’s stock worth $2,381,000 after purchasing an additional 14,888 shares during the period. 32.07% of the stock is currently owned by institutional investors and hedge funds.

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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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