Keefe, Bruyette & Woods Lowers Fidus Investment (NASDAQ:FDUS) Price Target to $19.50

Fidus Investment (NASDAQ:FDUS) had its target price reduced by Keefe, Bruyette & Woods from $20.00 to $19.50 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 3.07% from the company’s previous close.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Fidus Investment currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Fidus Investment Stock Up 2.0%

NASDAQ:FDUS opened at $18.92 on Thursday. The company has a fifty day simple moving average of $18.11 and a two-hundred day simple moving average of $19.19. The company has a market cap of $718.01 million, a price-to-earnings ratio of 8.09 and a beta of 0.69. Fidus Investment has a 52 week low of $16.86 and a 52 week high of $22.09.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, February 26th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Fidus Investment had a return on equity of 10.71% and a net margin of 52.87%.The business had revenue of $32.73 million during the quarter, compared to the consensus estimate of $39.46 million. On average, analysts expect that Fidus Investment will post 2.28 EPS for the current year.

Institutional Investors Weigh In On Fidus Investment

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings in shares of Fidus Investment by 22.4% during the third quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager’s stock worth $8,913,000 after purchasing an additional 80,500 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Fidus Investment by 37.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,241 shares of the asset manager’s stock worth $4,239,000 after purchasing an additional 56,778 shares during the period. Muzinich & Co. Inc. lifted its holdings in shares of Fidus Investment by 30.1% during the third quarter. Muzinich & Co. Inc. now owns 247,443 shares of the asset manager’s stock worth $5,013,000 after purchasing an additional 57,215 shares during the period. D.A. Davidson & CO. lifted its position in Fidus Investment by 34.4% in the third quarter. D.A. Davidson & CO. now owns 155,751 shares of the asset manager’s stock valued at $3,156,000 after purchasing an additional 39,879 shares during the period. Finally, Columbus Macro LLC lifted its position in Fidus Investment by 21.0% in the fourth quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock valued at $9,376,000 after purchasing an additional 84,320 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.