PFG Advisors Buys 6,839 Shares of Fidus Investment Corporation $FDUS

PFG Advisors boosted its stake in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,495 shares of the asset manager’s stock after acquiring an additional 6,839 shares during the period. PFG Advisors’ holdings in Fidus Investment were worth $3,808,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Fidus Investment by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 324,277 shares of the asset manager’s stock valued at $6,612,000 after buying an additional 23,478 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Fidus Investment by 28.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 16,200 shares of the asset manager’s stock worth $330,000 after acquiring an additional 3,626 shares in the last quarter. MQS Management LLC bought a new position in Fidus Investment in the first quarter valued at approximately $936,000. Muzinich & Co. Inc. raised its position in Fidus Investment by 11.0% during the first quarter. Muzinich & Co. Inc. now owns 92,121 shares of the asset manager’s stock valued at $1,878,000 after purchasing an additional 9,166 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Fidus Investment by 17.9% during the first quarter. Private Advisor Group LLC now owns 11,411 shares of the asset manager’s stock valued at $233,000 after purchasing an additional 1,732 shares in the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Trading Down 4.4%

NASDAQ:FDUS opened at $19.77 on Monday. The stock’s 50-day moving average is $20.60 and its 200-day moving average is $20.52. Fidus Investment Corporation has a 1-year low of $16.70 and a 1-year high of $23.55. The stock has a market cap of $699.46 million, a P/E ratio of 8.56 and a beta of 0.91.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, November 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $37.29 million. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. As a group, equities analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current year.

Fidus Investment Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 19th will be given a $0.43 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.7%. Fidus Investment’s payout ratio is 72.88%.

Wall Street Analyst Weigh In

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

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.