BidaskClub cut shares of Fidus Investment (NASDAQ:FDUS) from a hold rating to a sell rating in a research report released on Thursday morning, BidAskClub reports.

A number of other research firms also recently weighed in on FDUS. TheStreet downgraded Vince from a c- rating to a d rating in a report on Thursday, April 11th. Zacks Investment Research raised DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, B. Riley assumed coverage on Fidus Investment in a report on Friday, June 21st. They issued a buy rating and a $17.50 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $17.75.

NASDAQ FDUS opened at $16.18 on Thursday. The firm’s 50 day moving average is $16.04. The firm has a market capitalization of $395.81 million, a P/E ratio of 10.58 and a beta of 1.07. Fidus Investment has a 1-year low of $11.48 and a 1-year high of $16.50.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.64%. The ex-dividend date of this dividend was Thursday, June 6th. Fidus Investment’s payout ratio is currently 109.86%.

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

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in Fidus Investment in the 1st quarter worth approximately $337,000. Acadian Asset Management LLC bought a new position in Fidus Investment in the 1st quarter worth approximately $1,620,000. Jane Street Group LLC bought a new position in Fidus Investment in the 4th quarter worth approximately $482,000. Legal & General Group Plc raised its position in Fidus Investment by 15.4% in the 4th quarter. Legal & General Group Plc now owns 110,840 shares of the asset manager’s stock worth $1,301,000 after purchasing an additional 14,773 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Fidus Investment by 23.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 653,974 shares of the asset manager’s stock worth $10,025,000 after purchasing an additional 125,079 shares during 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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