Fidus Investment's (FDUS) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• The stock of Fidus Investment (FDUS) has been reaffirmed with a "buy (B-)" rating by Weiss Ratings, indicating continued confidence in the company's performance.
• Fidus Investment's quarterly earnings surpassed analysts' expectations, reporting $0.57 earnings per share against a consensus estimate of $0.53.
• Institutional investors have increased their holdings in Fidus Investment, with significant stakes acquired during 2023, now making up 28.14% of the company's stock ownership.

Fidus Investment (NASDAQ:FDUS - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the company. LADENBURG THALM/SH SH raised Fidus Investment to a "strong-buy" rating in a research note on Wednesday, August 13th. B. Riley lowered Fidus Investment from a "buy" rating to a "neutral" rating and upped their price target for the company from $22.00 to $22.50 in a research note on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods raised Fidus Investment from a "market perform" rating to an "outperform" rating and set a $21.50 price target on the stock in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Fidus Investment currently has a consensus rating of "Buy" and a consensus target price of $22.00.

Fidus Investment Trading Up 1.5%

NASDAQ FDUS traded up $0.31 on Tuesday, reaching $20.14. 82,502 shares of the company were exchanged, compared to its average volume of 207,886. The business's fifty day moving average price is $20.89 and its 200 day moving average price is $20.27. The stock has a market capitalization of $712.38 million, a P/E ratio of 8.72 and a beta of 0.88. Fidus Investment has a fifty-two week low of $16.70 and a fifty-two week high of $23.55.

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

Institutional Investors Weigh In On Fidus Investment

Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Fidus Investment during the 1st quarter worth about $28,000. ORG Partners LLC purchased a new stake in Fidus Investment during the 1st quarter worth about $29,000. AdvisorNet Financial Inc increased its holdings in Fidus Investment by 137.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager's stock worth $35,000 after purchasing an additional 1,000 shares during the period. First Horizon Advisors Inc. increased its holdings in Fidus Investment by 154.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,658 shares of the asset manager's stock worth $54,000 after purchasing an additional 1,615 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its holdings in Fidus Investment by 90.0% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 2,850 shares of the asset manager's stock worth $58,000 after purchasing an additional 1,350 shares during the period. Hedge funds and other institutional investors own 28.14% of the company's stock.

Fidus Investment Company Profile

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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