Fidus Investment (NASDAQ:FDUS) Price Target Raised to $20.00

Fidus Investment (NASDAQ:FDUS) had its target price raised by Keefe, Bruyette & Woods from $19.50 to $20.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the asset manager’s stock.

Separately, Weiss Ratings raised 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, the company has a consensus rating of “Hold” and a consensus price target of $20.00.

Fidus Investment Stock Performance

Shares of FDUS stock opened at $19.57 on Monday. Fidus Investment has a fifty-two week low of $16.86 and a fifty-two week high of $20.78. The firm has a market cap of $778.30 million, a P/E ratio of 9.45 and a beta of 0.71. The business’s 50 day moving average price is $19.24 and its 200-day moving average price is $18.96.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, November 5th. The asset manager reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $45.91 million for the quarter, compared to analyst estimates of $44.31 million. Fidus Investment had a return on equity of 11.08% and a net margin of 43.83%. As a group, equities analysts predict that Fidus Investment will post 2.17 EPS for the current year.

Fidus Investment Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Friday, December 18th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, December 18th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.8%. Fidus Investment’s payout ratio is 83.09%.

Hedge Funds Weigh In On Fidus Investment

A number of hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in shares of Fidus Investment during the 3rd quarter worth $2,135,000. Private Advisor Group LLC boosted its holdings in Fidus Investment by 4.9% during the third quarter. Private Advisor Group LLC now owns 11,998 shares of the asset manager’s stock worth $231,000 after buying an additional 563 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Fidus Investment by 9.7% during the 3rd quarter. Global Retirement Partners LLC now owns 35,750 shares of the asset manager’s stock worth $689,000 after purchasing an additional 3,161 shares during the last quarter. Riverbridge Partners LLC grew its stake in Fidus Investment by 35.5% in the 3rd quarter. Riverbridge Partners LLC now owns 150,241 shares of the asset manager’s stock worth $2,895,000 after acquiring an additional 39,372 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Fidus Investment by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 38,370 shares of the asset manager’s stock valued at $739,000 after buying an additional 2,084 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

About Fidus Investment

Fidus Investment Corporation is a business development company that provides financing to lower middle-market businesses, primarily in the United States. It invests in companies across a range of industries and works with them to meet financing and growth needs. The company offers customized capital solutions, including senior secured loans, subordinated debt and equity investments. Its investments may support business expansion, acquisitions, recapitalizations and ownership transitions. Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.