Fidus Investment Co. (NASDAQ:FDUS) Shares Acquired by PFG Advisors

PFG Advisors increased its stake in Fidus Investment Co. (NASDAQ:FDUS) by 3.9% in the second quarter, HoldingsChannel.com reports. The firm owned 178,404 shares of the asset manager’s stock after acquiring an additional 6,735 shares during the quarter. PFG Advisors’ holdings in Fidus Investment were worth $3,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management increased its holdings in Fidus Investment by 35.3% in the fourth quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock valued at $46,000 after buying an additional 613 shares in the last quarter. Jump Financial LLC raised its holdings in Fidus Investment by 44.3% during the fourth quarter. Jump Financial LLC now owns 46,896 shares of the asset manager’s stock worth $923,000 after purchasing an additional 14,396 shares during the last quarter. Trexquant Investment LP boosted its position in Fidus Investment by 191.7% during the fourth quarter. Trexquant Investment LP now owns 76,795 shares of the asset manager’s stock worth $1,512,000 after purchasing an additional 50,469 shares in the last quarter. Cape Investment Advisory Inc. acquired a new stake in Fidus Investment in the fourth quarter valued at $96,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in Fidus Investment by 5.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,923 shares of the asset manager’s stock valued at $432,000 after purchasing an additional 1,037 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised Fidus Investment to a “hold” rating in a research note on Monday, August 5th.

Fidus Investment Price Performance

Shares of NASDAQ FDUS opened at $19.62 on Thursday. The firm’s 50-day moving average is $19.64 and its two-hundred day moving average is $19.71. Fidus Investment Co. has a 12-month low of $17.63 and a 12-month high of $20.60. The company has a market capitalization of $619.09 million, a PE ratio of 6.74 and a beta of 1.40.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $35.66 million for the quarter, compared to analyst estimates of $34.88 million. Fidus Investment had a return on equity of 12.29% and a net margin of 67.43%. During the same quarter in the prior year, the company earned $0.62 EPS. On average, analysts forecast that Fidus Investment Co. will post 2.32 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 19th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.62%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.43. Fidus Investment’s dividend payout ratio (DPR) is presently 59.11%.

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.