Fidus Investment Corp (NASDAQ:FDUS) insider Shelby E. Sherard bought 3,500 shares of the company’s stock in a transaction on Friday, March 9th. The shares were bought at an average price of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the acquisition, the insider now directly owns 11,749 shares in the company, valued at approximately $149,799.75. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Shares of FDUS opened at $13.07 on Friday. Fidus Investment Corp has a twelve month low of $12.63 and a twelve month high of $18.21. The company has a market cap of $316.06, a PE ratio of 9.14 and a beta of 0.99.
Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The firm had revenue of $17.07 million during the quarter, compared to the consensus estimate of $17.76 million. equities research analysts predict that Fidus Investment Corp will post 1.56 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its stake in shares of Fidus Investment by 51.3% in the third quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after buying an additional 3,394 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Fidus Investment by 8.0% in the fourth quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock valued at $1,332,000 after buying an additional 6,484 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Fidus Investment by 1,166.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock valued at $115,000 after buying an additional 6,998 shares in the last quarter. Novare Capital Management LLC grew its stake in shares of Fidus Investment by 2.3% in the fourth quarter. Novare Capital Management LLC now owns 353,594 shares of the asset manager’s stock valued at $5,368,000 after buying an additional 8,050 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Fidus Investment in the fourth quarter valued at $223,000. 31.87% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on FDUS shares. BidaskClub cut shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Zacks Investment Research raised shares of Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, January 4th. Ladenburg Thalmann Financial Services started coverage on shares of Fidus Investment in a research note on Friday, February 16th. They set a “buy” rating for the company. ValuEngine cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, TheStreet cut shares of Fidus Investment from a “b-” rating to a “c+” rating in a research note on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.50.
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Fidus Investment Company Profile
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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