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

PFG Advisors grew its holdings in Fidus Investment Co. (NASDAQ:FDUS) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 181,172 shares of the asset manager’s stock after buying an additional 2,768 shares during the quarter. PFG Advisors’ holdings in Fidus Investment were worth $3,551,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FDUS. Van ECK Associates Corp grew its stake in shares of Fidus Investment by 20.8% in the second quarter. Van ECK Associates Corp now owns 725,873 shares of the asset manager’s stock worth $14,140,000 after acquiring an additional 125,011 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new position in shares of Fidus Investment in the second quarter worth $1,521,000. Cetera Advisors LLC grew its stake in shares of Fidus Investment by 611.5% in the first quarter. Cetera Advisors LLC now owns 71,651 shares of the asset manager’s stock worth $1,414,000 after acquiring an additional 61,580 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Fidus Investment by 42.2% in the first quarter. Cetera Investment Advisers now owns 197,965 shares of the asset manager’s stock worth $3,908,000 after acquiring an additional 58,768 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Fidus Investment by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 225,904 shares of the asset manager’s stock worth $4,401,000 after acquiring an additional 33,474 shares in the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Analysts Set New Price Targets

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

Fidus Investment Trading Up 0.3 %

Fidus Investment stock opened at $19.54 on Wednesday. The stock has a market cap of $616.57 million, a P/E ratio of 6.71 and a beta of 1.39. The company has a fifty day simple moving average of $19.70 and a 200-day simple moving average of $19.74. Fidus Investment Co. has a 12-month low of $17.63 and a 12-month high of $20.60.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, August 1st. The asset manager reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Fidus Investment had a net margin of 67.43% and a return on equity of 12.29%. The business had revenue of $35.66 million during the quarter, compared to analysts’ expectations of $34.88 million. During the same period in the previous year, the company earned $0.62 EPS. As a group, sell-side analysts forecast that Fidus Investment Co. will post 2.31 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 19th were given a $0.57 dividend. The ex-dividend date was Thursday, September 19th. This is a boost from Fidus Investment’s previous quarterly dividend of $0.43. This represents a $2.28 dividend on an annualized basis and a yield of 11.67%. Fidus Investment’s payout ratio is 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.