MeadowBrook Investment Advisors LLC Has $58,000 Position in Fidus Investment Corporation $FDUS

MeadowBrook Investment Advisors LLC grew its holdings in Fidus Investment Corporation (NASDAQ:FDUS) by 90.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,850 shares of the asset manager’s stock after purchasing an additional 1,350 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Fidus Investment were worth $58,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FDUS. Quarry LP acquired a new position in Fidus Investment in the 1st quarter valued at approximately $28,000. AdvisorNet Financial Inc lifted its position in shares of Fidus Investment by 137.4% in the 2nd 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 period. Atticus Wealth Management LLC bought a new stake in shares of Fidus Investment in the 2nd quarter worth approximately $77,000. Quantbot Technologies LP bought a new stake in shares of Fidus Investment in the 1st quarter worth approximately $200,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Fidus Investment in the 2nd quarter worth approximately $204,000. Institutional investors own 28.14% of the company’s stock.

Fidus Investment Stock Down 1.9%

FDUS stock opened at $20.68 on Thursday. The firm has a market cap of $731.66 million, a price-to-earnings ratio of 8.95 and a beta of 0.88. Fidus Investment Corporation has a 12-month low of $16.70 and a 12-month high of $23.55. The company’s fifty day simple moving average is $20.72 and its 200 day simple moving average is $20.40.

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

Fidus Investment Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 11.0%. This is an increase from Fidus Investment’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, September 18th. Fidus Investment’s payout ratio is presently 74.46%.

Analyst Ratings Changes

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

Fidus Investment Company 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.