Fidus Investment Corporation $FDUS Stock Position Raised by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,442 shares of the asset manager’s stock after acquiring an additional 39,644 shares during the quarter. Legal & General Group Plc owned 0.69% of Fidus Investment worth $4,868,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Fidus Investment by 22.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager’s stock worth $8,913,000 after acquiring an additional 80,500 shares in the last quarter. Columbus Macro LLC boosted its stake in shares of Fidus Investment by 21.0% during the 4th quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock worth $9,376,000 after acquiring an additional 84,320 shares in the last quarter. Rockland Trust Co. bought a new stake in shares of Fidus Investment during the 3rd quarter worth $1,133,000. Muzinich & Co. Inc. boosted its stake in shares of Fidus Investment by 40.3% during the 4th quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager’s stock worth $6,699,000 after acquiring an additional 99,671 shares in the last quarter. Finally, Riverbridge Partners LLC boosted its stake in shares of Fidus Investment by 73.7% during the 4th quarter. Riverbridge Partners LLC now owns 101,578 shares of the asset manager’s stock worth $1,960,000 after acquiring an additional 43,098 shares in the last quarter. 28.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price objective on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Fidus Investment presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Fidus Investment Trading Up 0.1%

Shares of FDUS stock opened at $18.48 on Tuesday. Fidus Investment Corporation has a 1-year low of $16.86 and a 1-year high of $22.09. The company has a market capitalization of $701.32 million, a price-to-earnings ratio of 8.11 and a beta of 0.68. The stock’s fifty day simple moving average is $18.46 and its 200-day simple moving average is $18.83.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The business had revenue of $37.76 million for the quarter, compared to the consensus estimate of $42.30 million. On average, sell-side analysts predict that Fidus Investment Corporation will post 2.15 EPS for the current year.

Fidus Investment Dividend Announcement

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

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.