Northwestern Mutual Wealth Management Co. acquired a new stake in Fidus Investment Corporation (NASDAQ:FDUS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 31,228 shares of the asset manager’s stock, valued at approximately $596,000. Northwestern Mutual Wealth Management Co. owned about 0.08% of Fidus Investment at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in Fidus Investment by 3.6% during the first quarter. Cetera Investment Advisers now owns 542,315 shares of the asset manager’s stock worth $9,447,000 after buying an additional 18,656 shares during the last quarter. Columbus Macro LLC lifted its position in shares of Fidus Investment by 4.1% in the first quarter. Columbus Macro LLC now owns 505,567 shares of the asset manager’s stock worth $8,807,000 after buying an additional 19,787 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Fidus Investment by 11.5% during the 3rd quarter. Invesco Ltd. now owns 497,921 shares of the asset manager’s stock worth $10,088,000 after acquiring an additional 51,218 shares in the last quarter. UBS Group AG boosted its stake in shares of Fidus Investment by 17.1% during the 4th quarter. UBS Group AG now owns 439,945 shares of the asset manager’s stock worth $8,491,000 after acquiring an additional 64,209 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Fidus Investment by 18.6% during the 4th quarter. Legal & General Group Plc now owns 252,442 shares of the asset manager’s stock valued at $4,868,000 after acquiring an additional 39,644 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
FDUS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.50 target price on shares of Fidus Investment in a research report on Monday, July 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Fidus Investment presently has a consensus rating of “Hold” and an average price target of $19.50.
Fidus Investment Price Performance
Fidus Investment stock opened at $19.70 on Thursday. The firm has a market cap of $747.62 million, a price-to-earnings ratio of 9.43 and a beta of 0.67. Fidus Investment Corporation has a fifty-two week low of $16.86 and a fifty-two week high of $21.67. The firm has a fifty day moving average price of $19.62 and a two-hundred day moving average price of $18.82.
Fidus Investment (NASDAQ:FDUS – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $32.55 million for the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%. As a group, sell-side analysts expect that Fidus Investment Corporation will post 2.16 earnings per share for the current year.
Fidus Investment Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a yield of 8.7%. Fidus Investment’s dividend payout ratio (DPR) is 82.30%.
Fidus Investment Profile
Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.
The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.
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