Fidus Investment’s (FDUS) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Fidus Investment (NASDAQ:FDUS) in a report issued on Monday morning, Marketbeat Ratings reports. They currently have a $19.50 price objective on the asset manager’s stock.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.00.

Fidus Investment Stock Down 0.5%

NASDAQ FDUS opened at $19.70 on Monday. Fidus Investment has a 52 week low of $16.86 and a 52 week high of $21.69. The firm has a market capitalization of $747.62 million, a P/E ratio of 8.64 and a beta of 0.67. The company has a 50-day moving average price of $19.03 and a 200-day moving average price of $18.76.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, May 7th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The company had revenue of $37.76 million for the quarter, compared to the consensus estimate of $42.30 million. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. As a group, equities research analysts anticipate that Fidus Investment will post 2.15 EPS for the current year.

Fidus Investment Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Monday, June 29th. Stockholders of record on Tuesday, June 16th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a dividend yield of 414.0%. Fidus Investment’s dividend payout ratio is 75.44%.

Institutional Trading of Fidus Investment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDUS. Columbus Macro LLC grew its stake in Fidus Investment by 21.0% during the fourth quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock valued at $9,376,000 after acquiring an additional 84,320 shares in the last quarter. Riverbridge Partners LLC lifted its stake in Fidus Investment by 73.7% in the 4th quarter. Riverbridge Partners LLC now owns 101,578 shares of the asset manager’s stock worth $1,960,000 after purchasing an additional 43,098 shares in the last quarter. Muzinich & Co. Inc. lifted its stake in Fidus Investment by 40.3% in the 4th quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager’s stock worth $6,699,000 after purchasing an additional 99,671 shares in the last quarter. MQS Management LLC bought a new position in shares of Fidus Investment during the 4th quarter valued at about $852,000. Finally, Closed End Fund Advisors Inc. bought a new position in shares of Fidus Investment during the 4th quarter valued at about $749,000. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Company Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.