Fidus Investment (NASDAQ:FDUS) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other equities analysts have also recently commented on FDUS. Zacks Investment Research cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. BidaskClub cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, TheStreet upgraded shares of Fidus Investment from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Fidus Investment currently has an average rating of “Hold” and a consensus price target of $16.50.
NASDAQ FDUS opened at $15.42 on Tuesday. Fidus Investment has a twelve month low of $12.63 and a twelve month high of $16.94. The company has a market cap of $373.80 million, a price-to-earnings ratio of 10.78 and a beta of 1.04.
Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, August 2nd. The asset manager reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Fidus Investment had a net margin of 65.95% and a return on equity of 8.73%. The firm had revenue of $18.11 million for the quarter, compared to analysts’ expectations of $17.43 million. equities analysts anticipate that Fidus Investment will post 1.45 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Fidus Investment by 71.6% during the 1st quarter. Wells Fargo & Company MN now owns 9,702 shares of the asset manager’s stock valued at $125,000 after acquiring an additional 4,049 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Fidus Investment during the 1st quarter valued at $131,000. Quad Cities Investment Group LLC purchased a new position in shares of Fidus Investment during the 2nd quarter valued at $139,000. Brown Advisory Inc. purchased a new position in shares of Fidus Investment during the 1st quarter valued at $139,000. Finally, Kingfisher Capital LLC purchased a new position in shares of Fidus Investment during the 1st quarter valued at $182,000. Institutional investors and hedge funds own 28.49% of the company’s stock.
About Fidus Investment
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
Featured Article: Outstanding Shares
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Fidus Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment and related companies with MarketBeat.com's FREE daily email newsletter.