Fidus Investment Corp. (NASDAQ:FDUS) has received an average broker rating score of 1.40 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and four have issued a strong buy rating on the company.
Brokers have set a 12 month consensus price objective of $17.10 for the company and are forecasting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also given Fidus Investment Corp. an industry rank of 226 out of 265 based on the ratings given to its competitors.
A number of analysts recently commented on the company. DA Davidson assumed coverage on Fidus Investment Corp. in a report on Thursday, September 22nd. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research lowered Fidus Investment Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 10th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $17.00 target price on shares of Fidus Investment Corp. in a research report on Monday, August 8th.
Fidus Investment Corp. (NASDAQ:FDUS) traded down 0.51% on Friday, hitting $15.71. The company’s stock had a trading volume of 55,892 shares. The firm has a 50 day moving average of $15.85 and a 200-day moving average of $15.55. Fidus Investment Corp. has a 12 month low of $11.34 and a 12 month high of $16.40.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend was Wednesday, September 7th. Fidus Investment Corp.’s dividend payout ratio is currently 77.23%.
Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Fidus Investment Corp. by 16.8% in the second quarter. Royal Bank of Canada now owns 9,595 shares of the company’s stock worth $147,000 after buying an additional 1,380 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in shares of Fidus Investment Corp. during the second quarter valued at $263,000. Guggenheim Capital LLC boosted its position in shares of Fidus Investment Corp. by 42.0% in the second quarter. Guggenheim Capital LLC now owns 69,615 shares of the company’s stock valued at $1,063,000 after buying an additional 20,598 shares during the period. KCG Holdings Inc. bought a new position in shares of Fidus Investment Corp. during the second quarter valued at $183,000. Finally, West Family Investments Inc. boosted its position in shares of Fidus Investment Corp. by 21.1% in the second quarter. West Family Investments Inc. now owns 299,230 shares of the company’s stock valued at $4,569,000 after buying an additional 52,101 shares during the period. 20.33% of the stock is owned by institutional investors and hedge funds.
About Fidus Investment Corp.
Fidus Investment Corporation is a business development company. The Company provides customized debt and equity financing solutions to lower middle-market companies. Its investment objective is to provide risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity related investments.
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