Fidus Investment Corporation $FDUS Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,668 shares of the asset manager’s stock after buying an additional 2,683 shares during the period. HighTower Advisors LLC owned about 0.26% of Fidus Investment worth $1,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Eagle Global Advisors LLC lifted its position in Fidus Investment by 36.2% during the first quarter. Eagle Global Advisors LLC now owns 14,310 shares of the asset manager’s stock valued at $292,000 after buying an additional 3,800 shares in the last quarter. Virtu Financial LLC acquired a new position in Fidus Investment during the first quarter valued at approximately $1,045,000. Plan Group Financial LLC lifted its position in Fidus Investment by 125.8% during the first quarter. Plan Group Financial LLC now owns 35,839 shares of the asset manager’s stock valued at $731,000 after buying an additional 19,964 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Fidus Investment during the first quarter valued at approximately $402,000. Finally, LPL Financial LLC lifted its position in Fidus Investment by 8.1% during the first quarter. LPL Financial LLC now owns 85,985 shares of the asset manager’s stock valued at $1,753,000 after buying an additional 6,470 shares in the last quarter. 28.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDUS has been the topic of a number of recent research reports. B. Riley cut shares of Fidus Investment from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $22.50 in a research report on Wednesday, August 13th. LADENBURG THALM/SH SH raised shares of Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidus Investment from $20.00 to $21.50 and gave the stock a “market perform” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fidus Investment has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Fidus Investment Price Performance

FDUS opened at $21.33 on Monday. The stock has a market capitalization of $754.66 million, a PE ratio of 9.23 and a beta of 0.95. The firm’s fifty day moving average price is $20.85 and its 200 day moving average price is $20.59. Fidus Investment Corporation has a 12-month low of $16.70 and a 12-month high of $23.55.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly 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. The firm had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $37.42 million. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. On average, equities research analysts forecast that Fidus Investment Corporation will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The business also recently declared a — dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 18th will be issued a $0.57 dividend. This is a boost from Fidus Investment’s previous — dividend of $0.11. This represents a yield of 800.0%. The ex-dividend date of this dividend is Thursday, September 18th. Fidus Investment’s dividend payout ratio is currently 74.46%.

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.