Eagle Global Advisors LLC bought a new position in Fidus Investment Corp (NASDAQ:FDUS) during the first quarter, Holdings Channel reports. The fund bought 12,729 shares of the asset manager’s stock, valued at approximately $224,000.
Other institutional investors have also modified their holdings of the company. CAMG Solamere Management LLC acquired a new position in shares of Fidus Investment Corp during the fourth quarter worth about $173,000. Two Sigma Securities LLC acquired a new position in shares of Fidus Investment Corp during the third quarter worth about $204,000. Raiff Partners Inc. acquired a new position in shares of Fidus Investment Corp during the fourth quarter worth about $236,000. First Allied Advisory Services Inc. boosted its position in shares of Fidus Investment Corp by 1.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 17,185 shares of the asset manager’s stock worth $270,000 after buying an additional 295 shares in the last quarter. Finally, Nuveen Fund Advisors LLC boosted its position in shares of Fidus Investment Corp by 14.1% in the third quarter. Nuveen Fund Advisors LLC now owns 50,057 shares of the asset manager’s stock worth $788,000 after buying an additional 6,185 shares in the last quarter. 21.20% of the stock is currently owned by hedge funds and other institutional investors.
Fidus Investment Corp (NASDAQ:FDUS) traded down 1.70% during midday trading on Friday, hitting $16.81. The stock had a trading volume of 118,478 shares. Fidus Investment Corp has a 52 week low of $14.33 and a 52 week high of $18.21. The company has a market cap of $377.32 million, a PE ratio of 7.39 and a beta of 1.06. The stock’s 50 day moving average price is $17.47 and its 200-day moving average price is $16.62.
Fidus Investment Corp (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, March 2nd. The asset manager reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $17.28 million for the quarter, compared to analyst estimates of $15.22 million. Fidus Investment Corp had a net margin of 63.35% and a return on equity of 9.49%. Equities research analysts predict that Fidus Investment Corp will post $1.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.56 dividend on an annualized basis and a yield of 9.12%. Fidus Investment Corp’s dividend payout ratio (DPR) is presently 73.24%.
A number of brokerages have issued reports on FDUS. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $18.00 target price on shares of Fidus Investment Corp in a report on Tuesday, March 21st. Zacks Investment Research cut shares of Fidus Investment Corp from a “hold” rating to a “sell” rating in a report on Monday, February 6th.
Fidus Investment Corp Company Profile
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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