Shares of Fidus Investment Corp (NASDAQ:FDUS) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.00.
A number of research firms recently issued reports on FDUS. Zacks Investment Research lowered Fidus Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. ValuEngine lowered Fidus Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Finally, BidaskClub lowered Fidus Investment from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th.
Shares of NASDAQ FDUS traded down $0.64 during trading on Friday, reaching $11.85. 8,712 shares of the stock traded hands, compared to its average volume of 96,214. Fidus Investment has a 52-week low of $12.42 and a 52-week high of $15.75. The stock has a market capitalization of $309.21 million, a PE ratio of 8.34 and a beta of 0.99.
Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, November 1st. The asset manager reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Fidus Investment had a net margin of 69.97% and a return on equity of 8.25%. The firm had revenue of $17.87 million for the quarter, compared to analysts’ expectations of $18.38 million. As a group, research analysts forecast that Fidus Investment will post 1.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, December 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.16%. Fidus Investment’s payout ratio is 109.09%.
In other Fidus Investment news, insider Shelby E. Sherard bought 3,675 shares of the firm’s stock in a transaction on Thursday, December 6th. The shares were acquired at an average cost of $13.60 per share, for a total transaction of $49,980.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Fidus Investment by 22.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,249 shares of the asset manager’s stock worth $369,000 after acquiring an additional 4,571 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Fidus Investment by 170.4% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 7,300 …read more
Source:: Daily times