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

Fidus Investment (NASDAQ:FDUS - Get Free Report) had its target price reduced by analysts at Keefe, Bruyette & Woods from $21.00 to $20.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "market perform" rating on the asset manager's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 12.42% from the company's current price.

Separately, LADENBURG THALM/SH SH lowered shares of Fidus Investment from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

Fidus Investment Price Performance

Shares of FDUS stock remained flat at $17.79 during trading hours on Tuesday. 288,677 shares of the company were exchanged, compared to its average volume of 222,492. Fidus Investment has a 12-month low of $16.70 and a 12-month high of $23.55. The stock has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $20.87. The stock has a market cap of $603.35 million, a price-to-earnings ratio of 6.35 and a beta of 1.10.

Institutional Investors Weigh In On Fidus Investment

Several institutional investors have recently added to or reduced their stakes in the business. Transce3nd LLC acquired a new stake in Fidus Investment during the fourth quarter worth approximately $32,000. Promus Capital LLC acquired a new stake in Fidus Investment during the 4th quarter worth $43,000. McIlrath & Eck LLC purchased a new stake in Fidus Investment in the third quarter valued at $59,000. Millstone Evans Group LLC acquired a new position in Fidus Investment in the fourth quarter valued at $77,000. Finally, Private Advisor Group LLC purchased a new position in shares of Fidus Investment during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 28.14% of the company's stock.

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.