Fidus Investment (NASDAQ:FDUS) Downgraded by BidaskClub

BidaskClub lowered shares of Fidus Investment (NASDAQ:FDUS) from a buy rating to a hold rating in a report issued on Tuesday morning, BidAskClub reports.

FDUS has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Fidus Investment from a hold rating to a sell rating in a report on Monday, May 6th. TheStreet raised shares of Fidus Investment from a c+ rating to a b rating in a report on Thursday, April 11th.

FDUS opened at $15.77 on Tuesday. The firm has a market cap of $385.78 million, a PE ratio of 11.11 and a beta of 1.13. Fidus Investment has a one year low of $11.48 and a one year high of $16.50.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 2nd. The asset manager reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $20.33 million during the quarter, compared to analyst estimates of $19.01 million. Fidus Investment had a net margin of 58.33% and a return on equity of 9.24%. As a group, sell-side analysts anticipate that Fidus Investment will post 1.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date is Thursday, June 6th. Fidus Investment’s dividend payout ratio is currently 109.86%.

In other news, Director Raymond L. Jr. Anstiss acquired 2,250 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were purchased at an average price of $16.00 per share, for a total transaction of $36,000.00. Following the completion of the transaction, the director now owns 4,760 shares of the company’s stock, valued at $76,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Raymond L. Jr. Anstiss acquired 2,740 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was purchased at an average price of $15.94 per share, for a total transaction of $43,675.60. Following the transaction, the director now directly owns 6,260 shares of the company’s stock, valued at approximately $99,784.40. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FDUS. BB&T Securities LLC increased its stake in shares of Fidus Investment by 21.3% in the fourth quarter. BB&T Securities LLC now owns 361,532 shares of the asset manager’s stock worth $4,226,000 after purchasing an additional 63,380 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in Fidus Investment during the fourth quarter valued at $32,000. Summit Global Investments purchased a new position in Fidus Investment during the fourth quarter valued at $600,000. Raymond James Financial Services Advisors Inc. grew its stake in Fidus Investment by 4.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 528,895 shares of the asset manager’s stock valued at $6,183,000 after acquiring an additional 21,813 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in Fidus Investment by 54.7% during the fourth quarter. Brown Advisory Inc. now owns 28,720 shares of the asset manager’s stock valued at $336,000 after acquiring an additional 10,155 shares in the last quarter. Hedge funds and other institutional investors own 28.39% of the company’s stock.

Fidus Investment Company Profile

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.

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