Caprock Group LLC Buys New Shares in Fidus Investment Corporation $FDUS

Caprock Group LLC purchased a new position in Fidus Investment Corporation (NASDAQ:FDUS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,665 shares of the asset manager’s stock, valued at approximately $703,000. Caprock Group LLC owned about 0.09% of Fidus Investment as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Fidus Investment by 37.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 209,241 shares of the asset manager’s stock worth $4,239,000 after purchasing an additional 56,778 shares during the last quarter. Muzinich & Co. Inc. boosted its position in Fidus Investment by 30.1% during the 3rd quarter. Muzinich & Co. Inc. now owns 247,443 shares of the asset manager’s stock valued at $5,013,000 after buying an additional 57,215 shares during the period. D.A. Davidson & CO. grew its holdings in Fidus Investment by 34.4% in the 3rd quarter. D.A. Davidson & CO. now owns 155,751 shares of the asset manager’s stock worth $3,156,000 after acquiring an additional 39,879 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Fidus Investment by 10.4% in the second quarter. Cetera Investment Advisers now owns 370,335 shares of the asset manager’s stock valued at $7,481,000 after acquiring an additional 34,837 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in shares of Fidus Investment during the second quarter valued at about $326,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Fidus Investment Trading Down 0.6%

Shares of FDUS opened at $18.85 on Tuesday. Fidus Investment Corporation has a 12 month low of $16.70 and a 12 month high of $23.55. The business’s fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $20.13. The company has a market cap of $686.71 million, a price-to-earnings ratio of 7.99 and a beta of 0.73.

Analyst Ratings Changes

A number of brokerages recently issued reports on FDUS. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a report on Monday, December 29th. Keefe, Bruyette & Woods decreased their target price on Fidus Investment from $21.50 to $21.00 and set an “outperform” rating for the company in a report on Monday, November 10th. One equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

Fidus Investment 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.