Fidus Investment (NASDAQ:FDUS) Now Covered by Analysts at B. Riley

B. Riley initiated coverage on shares of Fidus Investment (NASDAQ:FDUS) in a report released on Friday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $17.50 target price on the asset manager’s stock.

A number of other equities analysts have also recently weighed in on the stock. BidaskClub cut shares of Fidus Investment from a buy rating to a hold rating in a research report on Wednesday, April 3rd. TheStreet raised shares of Fidus Investment from a c+ rating to a b rating in a research report on Thursday, April 11th. Finally, Zacks Investment Research cut shares of Fidus Investment from a hold rating to a sell rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $15.25.

Shares of FDUS stock opened at $16.14 on Friday. Fidus Investment has a 52-week low of $11.48 and a 52-week high of $16.50. The company has a market capitalization of $394.83 million, a price-to-earnings ratio of 10.55 and a beta of 1.13.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, May 2nd. The asset manager reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Fidus Investment had a net margin of 58.33% and a return on equity of 9.24%. The firm had revenue of $20.33 million for the quarter, compared to analysts’ expectations of $19.01 million. On average, equities research analysts predict that Fidus Investment will post 1.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.67%. Fidus Investment’s dividend payout ratio is 109.86%.

In related news, Director Raymond L. Jr. Anstiss acquired 2,740 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average cost of $15.94 per share, for a total transaction of $43,675.60. Following the completion of the acquisition, the director now directly owns 6,260 shares in the company, valued at approximately $99,784.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond L. Jr. Anstiss acquired 2,250 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $16.00 per share, for a total transaction of $36,000.00. Following the completion of the acquisition, the director now owns 4,760 shares of the company’s stock, valued at $76,160. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Raymond James & Associates raised its holdings in shares of Fidus Investment by 12.9% during the first quarter. Raymond James & Associates now owns 1,185,805 shares of the asset manager’s stock worth $18,178,000 after acquiring an additional 135,825 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidus Investment by 23.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 653,974 shares of the asset manager’s stock worth $10,025,000 after acquiring an additional 125,079 shares during the period. Legal & General Group Plc raised its holdings in shares of Fidus Investment by 15.4% during the fourth quarter. Legal & General Group Plc now owns 110,840 shares of the asset manager’s stock worth $1,301,000 after acquiring an additional 14,773 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Fidus Investment during the first quarter worth $1,620,000. Finally, Marshall Wace LLP acquired a new stake in shares of Fidus Investment during the first quarter worth $1,072,000. Institutional investors and hedge funds 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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