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Fidus Investment Co. (NASDAQ:FDUS) Receives Average Recommendation of "Buy" from Analysts

Last updated on Sunday, November 22, 2020 | 2020 MarketBeat

Shares of Fidus Investment Co. (NASDAQ:FDUS) have earned an average recommendation of "Buy" from the nine research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.50.

Several equities research analysts have recently issued reports on the company. LADENBURG THALM/SH SH raised Fidus Investment from a "neutral" rating to a "buy" rating and set a $11.50 target price on the stock in a report on Monday, August 10th. BidaskClub raised Fidus Investment from a "sell" rating to a "hold" rating in a report on Wednesday, August 12th. Raymond James lifted their target price on Fidus Investment from $11.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday. Zacks Investment Research raised Fidus Investment from a "hold" rating to a "buy" rating and set a $12.00 target price on the stock in a report on Tuesday, November 3rd. Finally, ValuEngine raised Fidus Investment from a "strong sell" rating to a "sell" rating in a report on Monday, November 2nd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chiron Capital Management LLC purchased a new position in Fidus Investment in the third quarter worth about $47,000. State of Tennessee Treasury Department purchased a new position in Fidus Investment in the third quarter worth about $154,000. Morgan Stanley grew its position in Fidus Investment by 100.6% in the third quarter. Morgan Stanley now owns 113,813 shares of the asset manager's stock worth $1,121,000 after acquiring an additional 57,067 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Fidus Investment by 29.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 312,294 shares of the asset manager's stock worth $3,076,000 after acquiring an additional 71,607 shares in the last quarter. Finally, Hexagon Capital Partners LLC purchased a new position in shares of Fidus Investment during the third quarter valued at approximately $735,000. Institutional investors own 26.22% of the company's stock.

NASDAQ:FDUS opened at $13.09 on Friday. The business's 50-day simple moving average is $10.90 and its two-hundred day simple moving average is $9.78. The stock has a market cap of $319.88 million, a PE ratio of 14.54 and a beta of 1.78. Fidus Investment has a 52 week low of $4.45 and a 52 week high of $16.17.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, October 29th. The asset manager reported $0.40 EPS for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.06. Fidus Investment had a return on equity of 9.15% and a net margin of 26.80%. As a group, research analysts forecast that Fidus Investment will post 1.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be given a $0.30 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $1.20 annualized dividend and a yield of 9.17%. Fidus Investment's dividend payout ratio is currently 83.33%.

About Fidus Investment

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.

Further Reading: Forex

Analyst Recommendations for Fidus Investment (NASDAQ:FDUS)

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