Koss Olinger Consulting LLC Acquires Shares of 16,153 Fidus Investment Corporation $FDUS

Koss Olinger Consulting LLC bought a new position in Fidus Investment Corporation (NASDAQ:FDUS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,153 shares of the asset manager’s stock, valued at approximately $326,000.

A number of other institutional investors have also recently modified their holdings of FDUS. Quarry LP purchased a new stake in shares of Fidus Investment in the first quarter worth $28,000. AdvisorNet Financial Inc grew its stake in shares of Fidus Investment by 137.4% in the second quarter. AdvisorNet Financial Inc now owns 1,728 shares of the asset manager’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. Atticus Wealth Management LLC purchased a new stake in shares of Fidus Investment in the second quarter worth $77,000. Quantbot Technologies LP purchased a new stake in shares of Fidus Investment in the first quarter worth $200,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Fidus Investment in the second quarter worth $204,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Trading Up 1.6%

Shares of FDUS opened at $20.93 on Tuesday. The firm has a market cap of $740.50 million, a PE ratio of 9.06 and a beta of 0.88. The firm has a fifty day simple moving average of $20.74 and a two-hundred day simple moving average of $20.36. Fidus Investment Corporation has a 1-year low of $16.70 and a 1-year high of $23.55.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. The business had revenue of $39.97 million during the quarter, compared to analyst estimates of $37.42 million. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. As a group, research analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current fiscal year.

Fidus Investment Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 18th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Thursday, September 18th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.11. Fidus Investment’s payout ratio is presently 74.46%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FDUS. Keefe, Bruyette & Woods upgraded shares of Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 price objective for the company in a report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidus Investment in a report on Tuesday, October 14th. LADENBURG THALM/SH SH upgraded shares of Fidus Investment to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, B. Riley lowered shares of Fidus Investment from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $22.00 to $22.50 in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fidus Investment has an average rating of “Buy” and a consensus target price of $22.00.

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.