Keefe, Bruyette & Woods Issues Pessimistic Forecast for Fidus Investment (NASDAQ:FDUS) Stock Price

Fidus Investment (NASDAQ:FDUS) had its price objective dropped by analysts at Keefe, Bruyette & Woods from $21.00 to $20.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 12.61% from the company’s previous close.

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

Fidus Investment Stock Performance

Shares of FDUS opened at $17.76 on Wednesday. Fidus Investment has a one year low of $16.70 and a one year high of $22.09. The stock’s fifty day moving average is $19.00 and its 200-day moving average is $19.78. The firm has a market capitalization of $673.99 million, a price-to-earnings ratio of 7.59 and a beta of 0.72.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, February 26th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $32.73 million for the quarter, compared to analysts’ expectations of $39.46 million. Fidus Investment had a net margin of 52.87% and a return on equity of 10.71%. Analysts forecast that Fidus Investment will post 2.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Fidus Investment

Several institutional investors and hedge funds have recently modified their holdings of FDUS. Oppenheimer & Co. Inc. lifted its holdings in Fidus Investment by 2.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,859 shares of the asset manager’s stock worth $423,000 after purchasing an additional 536 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Fidus Investment by 3.0% during the fourth quarter. Apollon Wealth Management LLC now owns 18,396 shares of the asset manager’s stock valued at $355,000 after purchasing an additional 544 shares during the last quarter. Golden State Equity Partners raised its position in shares of Fidus Investment by 3.6% in the third quarter. Golden State Equity Partners now owns 16,305 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 565 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of Fidus Investment by 2.3% in the third quarter. Cornerstone Wealth Management LLC now owns 27,792 shares of the asset manager’s stock valued at $563,000 after purchasing an additional 619 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Fidus Investment by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 27,000 shares of the asset manager’s stock worth $521,000 after buying an additional 800 shares during the period. 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.