Fidus Investment Co. (NASDAQ:FDUS) Shares Sold by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC cut its stake in shares of Fidus Investment Co. (NASDAQ:FDUS) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,109 shares of the asset manager’s stock after selling 1,068 shares during the quarter. Capital Advisory Group Advisory Services LLC owned about 0.22% of Fidus Investment worth $1,552,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in Fidus Investment during the 4th quarter valued at approximately $32,000. Promus Capital LLC purchased a new position in shares of Fidus Investment during the fourth quarter worth $43,000. Millstone Evans Group LLC purchased a new position in shares of Fidus Investment during the fourth quarter worth $77,000. Private Advisor Group LLC acquired a new position in Fidus Investment during the fourth quarter valued at $203,000. Finally, Blair William & Co. IL purchased a new stake in Fidus Investment in the fourth quarter valued at $208,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Fidus Investment Stock Up 0.3%

FDUS stock opened at $20.59 on Wednesday. Fidus Investment Co. has a 52-week low of $16.70 and a 52-week high of $23.55. The firm has a market cap of $715.13 million, a P/E ratio of 7.35 and a beta of 0.93. The company’s 50-day simple moving average is $19.30 and its 200-day simple moving average is $20.80.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 8th. The asset manager reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. Fidus Investment had a return on equity of 12.11% and a net margin of 60.09%. The company had revenue of $36.50 million during the quarter, compared to analysts’ expectations of $35.61 million. On average, analysts anticipate that Fidus Investment Co. will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 13th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.49%. Fidus Investment’s dividend payout ratio (DPR) is 73.50%.

Wall Street Analysts Forecast Growth

FDUS has been the subject of a number of recent research reports. B. Riley started coverage on Fidus Investment in a research note on Tuesday, May 13th. They set a “buy” rating and a $22.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on Fidus Investment from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Finally, LADENBURG THALM/SH SH upgraded Fidus Investment from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 9th.

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.