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

Keefe, Bruyette & Woods restated their market perform rating on shares of Fidus Investment (NASDAQ:FDUS) in a research note issued to investors on Monday morning, Marketbeat reports. Keefe, Bruyette & Woods currently has a $19.50 price objective on the asset manager’s stock.

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

Fidus Investment Price Performance

Shares of NASDAQ:FDUS opened at $19.66 on Monday. The company has a market cap of $746.10 million, a P/E ratio of 8.62 and a beta of 0.67. Fidus Investment has a 1 year low of $16.86 and a 1 year high of $22.09. The stock’s fifty day moving average price is $18.99 and its 200-day moving average price is $18.75.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, May 7th. The asset manager reported $0.62 EPS 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 company had revenue of $37.76 million during the quarter, compared to the consensus estimate of $42.30 million. On average, sell-side analysts anticipate that Fidus Investment will post 2.15 earnings per share for the current year.

Fidus Investment Dividend Announcement

The company also recently declared a special dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 16th were paid a $0.19 dividend. This represents a dividend yield of 414.0%. The ex-dividend date was Tuesday, June 16th. Fidus Investment’s dividend payout ratio (DPR) is 75.44%.

Institutional Trading of Fidus Investment

Hedge funds have recently bought and sold shares of the company. WNY Asset Management LLC bought a new position in Fidus Investment in the first quarter valued at about $176,000. Entropy Technologies LP bought a new stake in shares of Fidus Investment during the 1st quarter valued at about $305,000. Cetera Investment Advisers grew its stake in shares of Fidus Investment by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 542,315 shares of the asset manager’s stock valued at $9,447,000 after purchasing an additional 18,656 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Fidus Investment during the 1st quarter valued at about $539,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Fidus Investment by 77.1% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 73,533 shares of the asset manager’s stock valued at $1,281,000 after purchasing an additional 32,015 shares during the last quarter. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Company Profile

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.