Fidus Investment (NASDAQ:FDUS) Earns Buy Rating from Analysts at B. Riley

Research analysts at B. Riley began coverage on shares of Fidus Investment (NASDAQ:FDUS - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "buy" rating and a $22.00 price target on the asset manager's stock. B. Riley's price objective points to a potential upside of 8.86% from the company's current price.

A number of other equities analysts have also commented on the company. Keefe, Bruyette & Woods cut their price objective on Fidus Investment from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. LADENBURG THALM/SH SH lowered Fidus Investment from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

Fidus Investment Trading Up 2.7%

Shares of NASDAQ:FDUS traded up $0.54 on Tuesday, reaching $20.21. 61,219 shares of the company's stock were exchanged, compared to its average volume of 213,625. Fidus Investment has a twelve month low of $16.70 and a twelve month high of $23.55. The company has a fifty day moving average of $19.61 and a 200-day moving average of $20.78. The company has a market capitalization of $701.93 million, a price-to-earnings ratio of 7.22 and a beta of 0.92.

Fidus Investment (NASDAQ:FDUS - Get Free Report) last issued its earnings results on Thursday, May 8th. The asset manager reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. Fidus Investment had a net margin of 60.09% and a return on equity of 12.11%. The company had revenue of $36.50 million during the quarter, compared to analysts' expectations of $35.61 million. As a group, equities research analysts forecast that Fidus Investment will post 2.28 EPS for the current fiscal year.

Institutional Trading of Fidus Investment

A number of hedge funds have recently made changes to their positions in FDUS. Raymond James Financial Inc. bought a new stake in Fidus Investment in the fourth quarter valued at approximately $20,539,000. Columbus Macro LLC bought a new position in shares of Fidus Investment during the fourth quarter valued at $5,610,000. Baird Financial Group Inc. purchased a new stake in shares of Fidus Investment during the fourth quarter valued at $4,072,000. TrueMark Investments LLC bought a new stake in Fidus Investment in the 4th quarter worth about $1,635,000. Finally, HighTower Advisors LLC lifted its stake in Fidus Investment by 164.5% during the 4th quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager's stock valued at $1,849,000 after acquiring an additional 54,722 shares during the period. 28.14% of the stock is owned by institutional investors.

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.

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