Wealth Enhancement Advisory Services LLC Has $425,000 Position in Fidus Investment Corporation $FDUS

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,462 shares of the asset manager’s stock after acquiring an additional 2,417 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of Fidus Investment worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDUS. Quarry LP acquired a new position in Fidus Investment during the 1st quarter worth $28,000. ORG Partners LLC acquired a new stake in Fidus Investment in the 1st quarter valued at $29,000. Atticus Wealth Management LLC bought a new stake in shares of Fidus Investment during the 2nd quarter worth approximately $77,000. Quantbot Technologies LP acquired a new position in shares of Fidus Investment during the 1st quarter worth about $200,000. Finally, Private Advisor Group LLC increased its holdings in shares of Fidus Investment by 17.9% during the 1st quarter. Private Advisor Group LLC now owns 11,411 shares of the asset manager’s stock worth $233,000 after acquiring an additional 1,732 shares during the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidus Investment in a research report on Saturday, September 27th. Keefe, Bruyette & Woods raised Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 price objective for the company in a research note on Monday. LADENBURG THALM/SH SH raised Fidus Investment to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, B. Riley downgraded shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Fidus Investment currently has a consensus rating of “Buy” and an average target price of $22.00.

Fidus Investment Price Performance

NASDAQ:FDUS opened at $20.37 on Tuesday. Fidus Investment Corporation has a 1 year low of $16.70 and a 1 year high of $23.55. The company has a market cap of $720.69 million, a P/E ratio of 8.82 and a beta of 0.88. The stock’s fifty day moving average price is $21.00 and its two-hundred day moving average price is $20.30.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, analysts expect that Fidus Investment Corporation will post 2.28 earnings per share for the current fiscal year.

Fidus Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 18th were given a dividend of $0.57 per share. The ex-dividend date was Thursday, September 18th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.11. This represents a $2.28 dividend on an annualized basis and a yield of 11.2%. Fidus Investment’s dividend payout ratio (DPR) is 74.46%.

About Fidus Investment

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.