Fidus Investment (FDUS) Hits New 12-Month High Following Earnings Beat

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Fidus Investment Corp (NASDAQ:FDUS)’s share price hit a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $16.12 and last traded at $16.10, with a volume of 3015 shares traded. The stock had previously closed at $15.80.

The asset manager reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The business 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 9.01% and a net margin of 64.71%.

A number of equities research analysts recently issued reports on FDUS shares. Zacks Investment Research raised Fidus Investment from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, January 4th. ValuEngine raised Fidus Investment from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, BidaskClub raised Fidus Investment from a “hold” rating to a “buy” rating in a research report on Friday, January 25th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Prospera Financial Services Inc increased its position in shares of Fidus Investment by 13.5% during the first quarter. Prospera Financial Services Inc now owns 15,921 shares of the asset manager’s stock valued at $247,000 after buying an additional 1,893 shares during the period. Andesa Financial Management Inc. grew its holdings in Fidus Investment by 134.8% in the first quarter. Andesa Financial Management Inc. now owns 26,978 shares of the asset manager’s stock worth $412,000 after purchasing an additional 15,489 shares during the period. Bank of Montreal Can purchased a new stake in Fidus Investment in the first quarter worth about $337,000. Oppenheimer & Co. Inc. grew its holdings in Fidus Investment by 8.1% in the first quarter. Oppenheimer & Co. Inc. now owns 40,968 shares of the asset manager’s stock worth $628,000 after purchasing an additional 3,074 shares during the period. Finally, Eagle Global Advisors LLC purchased a new stake in Fidus Investment in the first quarter worth about $352,000. Institutional investors own 28.85% of the company’s stock.

The firm has a market capitalization of $386.52 million, a price-to-earnings ratio of 11.36 and a beta of 1.22.

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Fidus Investment Company Profile (NASDAQ:FDUS)

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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