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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Stocks That Could Provide a Year-End Rally
It’s rough in the markets right now. Underlying the volatility is uncertainty. The VIX Index (INDEXCBOE: VIX) otherwise known as the Fear Index is unofficial, but an eerily accurate predictor of market sentiment. And the VIX is up 30% in the last month.
Is this uncertainty due to concerns over additional lockdown measures? Is it about the lack of additional coronavirus stimulus? Is the market reacting to a surge in jobless claims? Or is this just the somewhat normal volatility that comes in an election year that promises to be like none in American history.
The answer is all of the above and then some. But does that mean you should stay out of equities? I don’t think so. Where are you going to go? The Fed has promised interest rates are going nowhere fast. And that bit of news is weighing down the bond market.
So stocks it is. But although growth-seeking investors may be tempted to look at the tech sector to see what’s on sale today, I suggest taking a more targeted approach. Rather than looking at a single sector, try to look at solid performers in different sectors that may be ready to surge over the last three months.
The pandemic brought the entire market down. But once investors took a breath they found bargains. And if you had the courage to put your money to work in those stocks, you’ve been rewarded.
Times like these call for the same type of courage. And that’s why we’ve put together this special presentation with seven stocks that look ready to surprise investors with nice end-of-year gains.
View the "7 Stocks That Could Provide a Year-End Rally".