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

Fidus Investment (NASDAQ:FDUS) had its price target reduced by Keefe, Bruyette & Woods from $21.00 to $20.00 in a report published on Tuesday,Benzinga reports. They currently have a market perform rating on the asset manager’s stock.

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 Stock Down 2.4 %

Shares of NASDAQ:FDUS opened at $17.32 on Tuesday. The firm has a market cap of $587.41 million, a P/E ratio of 6.19 and a beta of 1.10. Fidus Investment has a 12-month low of $17.14 and a 12-month high of $23.55. The business has a fifty day simple moving average of $21.67 and a 200 day simple moving average of $20.92.

Fidus Investment Announces Dividend

The company also recently announced a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were paid a dividend of $0.11 per share. This represents a yield of 7.4%. The ex-dividend date was Thursday, March 20th. Fidus Investment’s dividend payout ratio is presently 71.37%.

Institutional Trading of Fidus Investment

A number of large investors have recently bought and sold shares of FDUS. McIlrath & Eck LLC bought a new stake in shares of Fidus Investment during the 3rd quarter valued at about $59,000. Franklin Resources Inc. boosted its holdings in shares of Fidus Investment by 37.0% during the 3rd quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock worth $2,269,000 after buying an additional 31,426 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth approximately $274,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Fidus Investment by 27.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 44,422 shares of the asset manager’s stock valued at $934,000 after acquiring an additional 9,559 shares in the last quarter. Finally, Riverbridge Partners LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at $716,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

About Fidus Investment

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.