Keefe, Bruyette & Woods Downgrades Fidus Investment (NASDAQ:FDUS) to Hold

Fidus Investment (NASDAQ:FDUS) was downgraded by research analysts at Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Sunday,Zacks.com reports.

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

Fidus Investment Price Performance

Shares of NASDAQ FDUS opened at $19.66 on Friday. The firm’s 50-day moving average is $18.99 and its two-hundred day moving average is $18.75. The company has a market capitalization of $746.10 million, a PE ratio of 8.62 and a beta of 0.67. Fidus Investment has a 12-month low of $16.86 and a 12-month high of $22.09.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The firm had revenue of $37.76 million for the quarter, compared to analyst estimates of $42.30 million. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%. On average, analysts forecast that Fidus Investment will post 2.15 EPS for the current fiscal year.

Institutional Trading of Fidus Investment

Several institutional investors have recently made changes to their positions in FDUS. Laurel Wealth Advisors LLC acquired a new position in Fidus Investment in the fourth quarter valued at $30,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Fidus Investment during the 4th quarter worth about $30,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Fidus Investment during the 4th quarter worth about $31,000. BNP Paribas Financial Markets increased its position in Fidus Investment by 5,750.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock worth $45,000 after purchasing an additional 2,185 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Fidus Investment in the fourth quarter valued at approximately $60,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

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.