Analysts Set Fidus Investment Co. (NASDAQ:FDUS) PT at $20.17

Shares of Fidus Investment Co. (NASDAQ:FDUSGet Rating) have received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $20.17.

A number of equities research analysts have weighed in on FDUS shares. Zacks Investment Research lowered shares of Fidus Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, January 5th. Hovde Group downgraded shares of Fidus Investment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 23rd. StockNews.com initiated coverage on shares of Fidus Investment in a research report on Thursday, March 31st. They set a “buy” rating for the company. Raymond James boosted their price objective on shares of Fidus Investment from $19.50 to $21.50 and gave the company an “outperform” rating in a research report on Monday, March 7th. Finally, B. Riley boosted their price objective on shares of Fidus Investment from $19.50 to $21.50 in a research report on Monday, March 7th.

Shares of NASDAQ FDUS opened at $19.57 on Friday. Fidus Investment has a twelve month low of $16.09 and a twelve month high of $20.73. The firm has a market cap of $478.29 million, a P/E ratio of 4.12 and a beta of 1.74. The company has a 50 day moving average of $19.36 and a 200 day moving average of $18.34.

Fidus Investment (NASDAQ:FDUSGet Rating) last announced its quarterly earnings data on Thursday, March 3rd. The asset manager reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $24.10 million during the quarter, compared to analyst estimates of $20.41 million. Fidus Investment had a net margin of 128.37% and a return on equity of 9.73%. During the same period in the previous year, the business earned $0.44 EPS. Equities research analysts predict that Fidus Investment will post 1.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 7.36%. The ex-dividend date was Thursday, March 10th. Fidus Investment’s dividend payout ratio is currently 30.32%.

Institutional investors have recently modified their holdings of the stock. Deutsche Bank AG purchased a new stake in Fidus Investment in the 3rd quarter worth $26,000. Chilton Capital Management LLC purchased a new stake in shares of Fidus Investment during the 4th quarter valued at about $32,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Fidus Investment during the 3rd quarter valued at about $50,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of Fidus Investment during the 4th quarter valued at about $84,000. Finally, Wells Fargo & Company MN raised its position in shares of Fidus Investment by 28.8% during the 2nd quarter. Wells Fargo & Company MN now owns 10,720 shares of the asset manager’s stock valued at $182,000 after buying an additional 2,399 shares in the last quarter. 21.81% of the stock is owned by institutional investors.

Fidus Investment Company Profile (Get Rating)

Fidus Investment Corporation is a business development company. It specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.

Read More

Receive News & Ratings for Fidus Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment and related companies with MarketBeat.com's FREE daily email newsletter.