Y Intercept Hong Kong Ltd Has $1.28 Million Stock Holdings in Fidus Investment Corporation $FDUS

Y Intercept Hong Kong Ltd grew its position in Fidus Investment Corporation (NASDAQ:FDUS) by 77.1% during the first quarter, HoldingsChannel reports. The firm owned 73,533 shares of the asset manager’s stock after buying an additional 32,015 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Fidus Investment were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FDUS. Van ECK Associates Corp raised its holdings in Fidus Investment by 6.7% in the 3rd quarter. Van ECK Associates Corp now owns 903,443 shares of the asset manager’s stock worth $18,304,000 after acquiring an additional 56,449 shares during the period. Cetera Investment Advisers grew its position in shares of Fidus Investment by 15.9% in the fourth quarter. Cetera Investment Advisers now owns 523,659 shares of the asset manager’s stock valued at $10,107,000 after purchasing an additional 71,723 shares during the last quarter. Columbus Macro LLC grew 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 valued at $8,807,000 after purchasing an additional 19,787 shares during the last quarter. Invesco Ltd. increased its stake in shares of Fidus Investment by 11.5% in the third quarter. Invesco Ltd. now owns 497,921 shares of the asset manager’s stock worth $10,088,000 after purchasing an additional 51,218 shares during the period. Finally, UBS Group AG lifted its position 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 purchasing an additional 64,209 shares during the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FDUS has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods cut their price target on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Fidus Investment Trading Up 3.4%

FDUS stock traded up $0.67 during trading on Friday, reaching $20.21. 263,235 shares of the stock were exchanged, compared to its average volume of 475,112. Fidus Investment Corporation has a twelve month low of $16.86 and a twelve month high of $22.09. The company has a market capitalization of $766.97 million, a P/E ratio of 8.86 and a beta of 0.67. The stock has a 50 day simple moving average of $18.83 and a 200-day simple moving average of $18.71.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, May 7th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The company had revenue of $37.76 million during the quarter, compared to the consensus estimate of $42.30 million. Equities analysts predict that Fidus Investment Corporation will post 2.15 EPS for the current year.

Fidus Investment Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, June 29th. Investors of record on Tuesday, June 16th were given a $0.19 dividend. This represents a yield of 414.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidus Investment’s dividend payout ratio (DPR) is 75.44%.

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.