Optimum Investment Advisors Buys 1,738 Shares of Fidus Investment Corporation $FDUS

Optimum Investment Advisors increased its stake in Fidus Investment Corporation (NASDAQ:FDUS) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,393 shares of the asset manager’s stock after purchasing an additional 1,738 shares during the period. Optimum Investment Advisors owned approximately 0.06% of Fidus Investment worth $412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Fidus Investment during the second quarter valued at approximately $549,138,000. Cetera Investment Advisers boosted its stake in shares of Fidus Investment by 10.6% during the first quarter. Cetera Investment Advisers now owns 335,498 shares of the asset manager’s stock valued at $6,841,000 after purchasing an additional 32,077 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Fidus Investment by 7.8% during the first quarter. Envestnet Asset Management Inc. now owns 324,277 shares of the asset manager’s stock valued at $6,612,000 after purchasing an additional 23,478 shares during the period. Columbus Macro LLC boosted its stake in shares of Fidus Investment by 12.1% during the second quarter. Columbus Macro LLC now owns 322,543 shares of the asset manager’s stock valued at $6,515,000 after purchasing an additional 34,921 shares during the period. Finally, Baird Financial Group Inc. boosted its stake in shares of Fidus Investment by 46.1% during the first 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 period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Wall Street Analysts Forecast Growth

FDUS has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 price target on the stock in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidus Investment in a research report on Tuesday, October 14th. LADENBURG THALM/SH SH raised Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, B. Riley downgraded Fidus Investment from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $22.50 in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $22.00.

Fidus Investment Stock Down 0.4%

Fidus Investment stock opened at $20.61 on Friday. The business has a 50-day simple moving average of $20.74 and a two-hundred day simple moving average of $20.33. The company has a market cap of $729.18 million, a P/E ratio of 8.92 and a beta of 0.88. Fidus Investment Corporation has a 52-week low of $16.70 and a 52-week high of $23.55.

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

Fidus Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were paid a dividend of $0.57 per share. This is a boost from Fidus Investment’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, September 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.1%. Fidus Investment’s dividend payout ratio is presently 74.46%.

Fidus Investment 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.