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

Fidus Investment (NASDAQ:FDUS) had its price objective raised by Keefe, Bruyette & Woods from $19.50 to $20.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods‘s price target suggests a potential upside of 1.37% from the company’s previous close.

Separately, Weiss Ratings upgraded shares of Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Fidus Investment presently has a consensus rating of “Hold” and an average target price of $20.00.

Fidus Investment Stock Up 0.4%

Shares of Fidus Investment stock traded up $0.08 during trading on Monday, reaching $19.73. The company’s stock had a trading volume of 399,247 shares, compared to its average volume of 303,955. The business has a 50 day moving average price of $19.24 and a 200-day moving average price of $18.96. Fidus Investment has a 12-month low of $16.86 and a 12-month high of $20.78. The company has a market capitalization of $748.83 million, a P/E ratio of 9.52 and a beta of 0.71.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, November 5th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $45.91 million during the quarter, compared to analysts’ expectations of $44.31 million. Fidus Investment had a return on equity of 11.08% and a net margin of 43.83%. Research analysts predict that Fidus Investment will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Fidus Investment

Several hedge funds have recently bought and sold shares of FDUS. Laurel Wealth Advisors LLC acquired a new position in Fidus Investment during the third quarter worth $30,000. Burk Holdings LLC purchased a new stake in Fidus Investment during the second quarter worth $47,000. Integrated Wealth Concepts LLC purchased a new stake in Fidus Investment during the second quarter worth $188,000. WNY Asset Management LLC purchased a new stake in Fidus Investment during the first quarter worth $176,000. Finally, Janney Montgomery Scott LLC grew its holdings in Fidus Investment by 27.0% in the first quarter. Janney Montgomery Scott LLC now owns 15,116 shares of the asset manager’s stock valued at $263,000 after purchasing an additional 3,211 shares during the last quarter. 28.14% of the stock is owned by hedge funds and other institutional investors.

About Fidus Investment

Fidus Investment Corporation (NASDAQ: FDUS) is a business development company that provides financing to privately owned, lower middle-market companies in the United States. The company supports businesses that may have limited access to traditional bank financing and seeks to generate income through a portfolio of corporate investments.

Fidus primarily invests in secured debt, including first-lien and second-lien loans, as well as mezzanine debt and, in some cases, equity interests. Its portfolio companies operate across a range of industries, allowing Fidus to provide customized financing for acquisitions, recapitalizations, growth initiatives and other corporate purposes.

Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.