38,831 Shares in Fidus Investment Corporation $FDUS Acquired by Closed End Fund Advisors Inc.

Closed End Fund Advisors Inc. purchased a new position in shares of Fidus Investment Corporation (NASDAQ:FDUS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 38,831 shares of the asset manager’s stock, valued at approximately $749,000. Closed End Fund Advisors Inc. owned about 0.11% of Fidus Investment as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Fidus Investment in the 1st quarter valued at $270,000. Jane Street Group LLC purchased a new position in shares of Fidus Investment in the 1st quarter valued at $475,000. Invesco Ltd. increased its holdings in shares of Fidus Investment by 2.2% in the 2nd quarter. Invesco Ltd. now owns 446,703 shares of the asset manager’s stock valued at $9,023,000 after acquiring an additional 9,637 shares during the period. Qube Research & Technologies Ltd increased its holdings in shares of Fidus Investment by 39.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 64,929 shares of the asset manager’s stock valued at $1,312,000 after acquiring an additional 18,489 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in shares of Fidus Investment in the 2nd quarter valued at $549,000. 28.14% of the stock is owned by institutional investors.

Fidus Investment Price Performance

Shares of FDUS stock opened at $18.47 on Friday. Fidus Investment Corporation has a 1-year low of $16.86 and a 1-year high of $22.09. The stock’s fifty day moving average price is $18.44 and its 200 day moving average price is $18.84. The company has a market cap of $700.94 million, a price-to-earnings ratio of 8.10 and a beta of 0.68.

Fidus Investment (NASDAQ:FDUS) last announced its earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The firm had revenue of $37.76 million for the quarter, compared to the consensus estimate of $42.30 million. As a group, equities research analysts anticipate that Fidus Investment Corporation will post 2.15 earnings per share for the current year.

Fidus Investment Announces Dividend

The firm also recently announced a special dividend, which will be paid on Monday, June 29th. Investors of record on Tuesday, June 16th will be paid a dividend of $0.19 per share. This represents a yield of 388.0%. The ex-dividend date is Tuesday, June 16th. Fidus Investment’s payout ratio is 75.44%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their target price on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Fidus Investment Company 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.