Fidus Investment (NASDAQ:FDUS) Price Target Lowered to $20.00 at Keefe, Bruyette & Woods

Fidus Investment (NASDAQ:FDUS) had its price target lowered by equities research analysts at Keefe, Bruyette & Woods from $21.00 to $20.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.01% from the stock’s current price.

Separately, LADENBURG THALM/SH SH downgraded Fidus Investment from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th.

Fidus Investment Trading Up 7.9 %

NASDAQ:FDUS opened at $18.69 on Tuesday. The company has a market capitalization of $633.87 million, a P/E ratio of 6.68 and a beta of 1.10. Fidus Investment has a 12 month low of $16.70 and a 12 month high of $23.55. The business’s 50-day moving average is $21.51 and its 200 day moving average is $20.90.

Institutional Trading of Fidus Investment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Fidus Investment in the 4th quarter worth $20,539,000. Columbus Macro LLC purchased a new position in shares of Fidus Investment during the 4th quarter valued at about $5,610,000. Baird Financial Group Inc. purchased a new position in shares of Fidus Investment during the 4th quarter valued at about $4,072,000. TrueMark Investments LLC purchased a new position in shares of Fidus Investment during the 4th quarter valued at about $1,635,000. Finally, HighTower Advisors LLC grew its position in shares of Fidus Investment by 164.5% during the 4th quarter. HighTower Advisors LLC now owns 87,985 shares of the asset manager’s stock valued at $1,849,000 after acquiring an additional 54,722 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Company Profile

Fidus Investment Corporation is a business development company. It 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.