Fidus Investment (NASDAQ:FDUS) Cut to “Hold” at BidaskClub

Fidus Investment (NASDAQ:FDUS) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, BidAskClub reports.

Several other analysts have also recently weighed in on FDUS. Zacks Investment Research upgraded shares of Fidus Investment from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. TheStreet upgraded shares of Fidus Investment from a “c+” rating to a “b” rating in a research report on Thursday, April 11th.

NASDAQ FDUS opened at $15.78 on Tuesday. Fidus Investment has a 1 year low of $11.48 and a 1 year high of $16.50. The company has a market capitalization of $385.78 million, a price-to-earnings ratio of 10.31 and a beta of 1.13.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, May 2nd. The asset manager reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Fidus Investment had a net margin of 58.33% and a return on equity of 9.24%. The business had revenue of $20.33 million for the quarter, compared to analysts’ expectations of $19.01 million. As a group, equities analysts anticipate that Fidus Investment will post 1.53 earnings per share for the current fiscal year.

In related news, Director Raymond L. Jr. Anstiss acquired 2,250 shares of the stock in a transaction dated Monday, May 13th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $36,000.00. Following the transaction, the director now owns 4,760 shares in the company, valued at approximately $76,160. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raymond L. Jr. Anstiss acquired 2,740 shares of the stock in a transaction dated Monday, June 3rd. The shares were bought at an average price of $15.94 per share, for a total transaction of $43,675.60. Following the transaction, the director now owns 6,260 shares in the company, valued at approximately $99,784.40. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of FDUS. Laurel Wealth Advisors LLC purchased a new stake in shares of Fidus Investment during the 4th quarter valued at $32,000. Wells Fargo & Company MN raised its position in shares of Fidus Investment by 57.2% during the 1st quarter. Wells Fargo & Company MN now owns 12,487 shares of the asset manager’s stock valued at $191,000 after buying an additional 4,542 shares in the last quarter. Bragg Financial Advisors Inc purchased a new stake in shares of Fidus Investment during the 1st quarter valued at $199,000. Prospera Financial Services Inc grew its holdings in shares of Fidus Investment by 13.5% during the 1st quarter. Prospera Financial Services Inc now owns 15,921 shares of the asset manager’s stock valued at $247,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Advantage Investment Management LLC grew its holdings in shares of Fidus Investment by 39.8% during the 1st quarter. Advantage Investment Management LLC now owns 18,527 shares of the asset manager’s stock valued at $284,000 after purchasing an additional 5,270 shares during the last quarter. Hedge funds and other institutional investors own 28.39% of the company’s stock.

Fidus Investment Company Profile

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.

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