GraniteShares Advisors LLC Boosts Stake in Fidus Investment Corporation $FDUS

GraniteShares Advisors LLC grew its holdings in Fidus Investment Corporation (NASDAQ:FDUS) by 6.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,532 shares of the asset manager’s stock after purchasing an additional 8,283 shares during the period. Fidus Investment makes up 1.6% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 28th largest position. GraniteShares Advisors LLC owned 0.38% of Fidus Investment worth $2,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDUS. Kingstone Capital Partners Texas LLC acquired a new position in Fidus Investment in the second quarter valued at about $549,138,000. Ethos Financial Group LLC acquired a new position in shares of Fidus Investment in the 1st quarter worth approximately $2,740,000. Baird Financial Group Inc. increased its holdings in Fidus Investment by 46.1% in the 1st quarter. Baird Financial Group Inc. now owns 283,093 shares of the asset manager’s stock valued at $5,772,000 after purchasing an additional 89,386 shares during the last quarter. Virtu Financial LLC acquired a new stake in Fidus Investment in the 1st quarter valued at approximately $1,045,000. Finally, MQS Management LLC purchased a new stake in Fidus Investment in the first quarter valued at approximately $936,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Stock Performance

FDUS stock opened at $20.18 on Monday. The company’s 50 day moving average price is $21.12 and its 200 day moving average price is $20.33. The firm has a market capitalization of $713.97 million, a price-to-earnings ratio of 8.74 and a beta of 0.90. Fidus Investment Corporation has a fifty-two week low of $16.70 and a fifty-two week high of $23.55.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The firm had revenue of $39.97 million during the quarter, compared to the consensus estimate of $37.42 million. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. Equities analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 11.3%. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, September 18th. Fidus Investment’s dividend payout ratio is currently 74.46%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FDUS shares. LADENBURG THALM/SH SH upgraded Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods raised their target price on Fidus Investment from $20.00 to $21.50 and gave the company a “market perform” rating in a report on Monday, August 11th. Finally, B. Riley lowered shares of Fidus Investment from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $22.00 to $22.50 in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Fidus Investment Company Profile

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.