Quantbot Technologies LP Purchases New Position in Fidus Investment Corporation $FDUS

Quantbot Technologies LP acquired a new stake in Fidus Investment Corporation (NASDAQ:FDUS) in the 2nd quarter, Holdings Channel reports. The fund acquired 27,126 shares of the asset manager’s stock, valued at approximately $517,000.

Several other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of Fidus Investment during the second quarter worth about $621,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Fidus Investment in the 4th quarter valued at about $749,000. MQS Management LLC purchased a new position in Fidus Investment during the 4th quarter worth approximately $852,000. Legal & General Group Plc grew its stake in Fidus Investment by 18.6% during the 4th quarter. Legal & General Group Plc now owns 252,442 shares of the asset manager’s stock worth $4,868,000 after buying an additional 39,644 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in Fidus Investment during the first quarter worth approximately $539,000. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Fidus Investment presently has a consensus rating of “Hold” and a consensus price target of $19.50.

Fidus Investment Stock Performance

Shares of NASDAQ:FDUS opened at $19.73 on Friday. Fidus Investment Corporation has a one year low of $16.86 and a one year high of $21.67. The stock has a market capitalization of $748.83 million, a price-to-earnings ratio of 9.44 and a beta of 0.67. The company has a 50-day simple moving average of $19.64 and a 200-day simple moving average of $18.82.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $32.55 million for the quarter, compared to analyst estimates of $42.37 million. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%. As a group, research analysts forecast that Fidus Investment Corporation will post 2.16 EPS for the current fiscal year.

Fidus Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Fidus Investment’s dividend payout ratio (DPR) is presently 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.