Baird Financial Group Inc. Makes New Investment in Fidus Investment Co. (NASDAQ:FDUS)

Baird Financial Group Inc. bought a new position in shares of Fidus Investment Co. (NASDAQ:FDUS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 193,707 shares of the asset manager’s stock, valued at approximately $4,072,000. Baird Financial Group Inc. owned 0.57% of Fidus Investment at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. lifted its holdings in Fidus Investment by 37.0% during the 3rd quarter. Franklin Resources Inc. now owns 116,472 shares of the asset manager’s stock valued at $2,269,000 after purchasing an additional 31,426 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Fidus Investment during the 4th quarter worth about $274,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Fidus Investment by 27.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 44,422 shares of the asset manager’s stock worth $934,000 after buying an additional 9,559 shares during the period. Riverbridge Partners LLC acquired a new position in Fidus Investment in the 4th quarter valued at about $716,000. Finally, Cornerstone Wealth Management LLC raised its holdings in Fidus Investment by 10.2% in the 4th quarter. Cornerstone Wealth Management LLC now owns 21,426 shares of the asset manager’s stock valued at $450,000 after acquiring an additional 1,989 shares during the period. 28.14% of the stock is currently owned by institutional investors.

Fidus Investment Stock Up 3.1 %

NASDAQ FDUS opened at $19.68 on Friday. Fidus Investment Co. has a 12-month low of $16.70 and a 12-month high of $23.55. The firm has a 50-day moving average price of $19.66 and a two-hundred day moving average price of $20.77. The company has a market capitalization of $683.53 million, a P/E ratio of 7.03 and a beta of 0.92.

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

Fidus Investment Announces Dividend

The business also recently declared a — dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 20th were paid a $0.11 dividend. This represents a yield of 7.4%. The ex-dividend date of this dividend was Thursday, March 20th. Fidus Investment’s dividend payout ratio (DPR) is presently 71.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDUS. LADENBURG THALM/SH SH cut Fidus Investment from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Keefe, Bruyette & Woods decreased their price objective 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.

Fidus Investment Profile

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.