Fidus Investment (NASDAQ:FDUS) Downgraded to Neutral Rating by B. Riley

Key Points

• Fidus Investment's stock was downgraded from a "buy" to a "neutral" rating by B. Riley, with a new price target of $22.50.
• The company's stock showed a slight increase of 0.8%, opening at $21.45, and has a market capitalization of $758.90 million.
• Despite the downgrade, Fidus Investment has received varying ratings, including a recent upgrade to "strong-buy" from LADENBURG THALM/SH SH.

Fidus Investment (NASDAQ:FDUS - Get Free Report) was downgraded by analysts at B. Riley from a "buy" rating to a "neutral" rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $22.50 price target on the asset manager's stock, up from their previous price target of $22.00. B. Riley's price objective suggests a potential upside of 6.28% from the company's current price. B. Riley also issued estimates for Fidus Investment's Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $2.09 EPS, Q2 2026 earnings at $0.50 EPS and Q4 2026 earnings at $0.50 EPS.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods increased their target price on Fidus Investment from $20.00 to $21.50 and gave the company a "market perform" rating in a research report on Monday, August 11th. LADENBURG THALM/SH SH upgraded Fidus Investment from a "hold" rating to a "strong-buy" rating in a report on Friday, May 9th.

Fidus Investment Stock Down 0.0%

NASDAQ:FDUS traded down $0.01 during midday trading on Wednesday, hitting $21.17. The stock had a trading volume of 199,211 shares, compared to its average volume of 200,759. Fidus Investment has a one year low of $16.70 and a one year high of $23.55. The company has a market capitalization of $748.99 million, a price-to-earnings ratio of 9.16 and a beta of 0.95. The stock has a 50-day moving average of $20.75 and a 200 day moving average of $20.64.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The company had revenue of $39.97 million for the quarter, compared to analysts' expectations of $37.42 million. Fidus Investment had a return on equity of 11.52% and a net margin of 51.88%. On average, sell-side analysts anticipate that Fidus Investment will post 2.28 earnings per share for the current fiscal year.

Institutional Trading of Fidus Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fidus Investment by 36.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,045 shares of the asset manager's stock valued at $368,000 after purchasing an additional 4,778 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fidus Investment by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 324,277 shares of the asset manager's stock valued at $6,612,000 after buying an additional 23,478 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Fidus Investment by 10.6% during the 1st quarter. Cetera Investment Advisers now owns 335,498 shares of the asset manager's stock valued at $6,841,000 after acquiring an additional 32,077 shares during the period. Columbus Macro LLC grew its position in shares of Fidus Investment by 7.8% during the 1st quarter. Columbus Macro LLC now owns 287,622 shares of the asset manager's stock valued at $5,865,000 after acquiring an additional 20,727 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of Fidus Investment by 42.5% during the 1st quarter. D.A. Davidson & CO. now owns 44,727 shares of the asset manager's stock valued at $912,000 after acquiring an additional 13,344 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. It 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.