Baird Financial Group Inc. Acquires New Holdings in Fidus Investment Co. (NASDAQ:FDUS)

Baird Financial Group Inc. bought a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 193,707 shares of the asset manager’s stock, valued at approximately $4,072,000.

Other institutional investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in Fidus Investment during the 4th quarter worth approximately $32,000. Promus Capital LLC bought a new stake in shares of Fidus Investment in the fourth quarter worth $43,000. Millstone Evans Group LLC bought a new stake in shares of Fidus Investment in the fourth quarter worth $77,000. Private Advisor Group LLC acquired a new stake in Fidus Investment in the fourth quarter valued at $203,000. Finally, Blair William & Co. IL bought a new position in Fidus Investment during the 4th quarter worth $208,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FDUS shares. Keefe, Bruyette & Woods decreased their price target on Fidus Investment from $21.00 to $20.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. 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 Trading Up 3.1 %

Shares of Fidus Investment stock opened at $19.68 on Friday. The business has a 50-day moving average price of $19.66 and a two-hundred day moving average price of $20.77. Fidus Investment Co. has a 1-year low of $16.70 and a 1-year high of $23.55. The company has a market cap of $683.53 million, a P/E ratio of 7.03 and a beta of 0.92.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $36.50 million for the quarter, compared to analyst estimates of $35.61 million. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. Equities research analysts forecast that Fidus Investment Co. will post 2.28 EPS for the current fiscal year.

Fidus Investment Dividend Announcement

The business also recently declared a — dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 20th were issued a $0.11 dividend. This represents a yield of 7.4%. The ex-dividend date of this dividend was Thursday, March 20th. Fidus Investment’s payout ratio is 71.37%.

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.