Optimum Investment Advisors Boosts Holdings in Fidus Investment Corporation $FDUS

Optimum Investment Advisors increased its holdings in Fidus Investment Corporation (NASDAQ:FDUS) by 9.3% during the second quarter, Holdings Channel reports. The firm owned 20,393 shares of the asset manager’s stock after acquiring an additional 1,738 shares during the quarter. Optimum Investment Advisors’ holdings in Fidus Investment were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FDUS. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Fidus Investment during the 2nd quarter worth approximately $549,138,000. Ethos Financial Group LLC bought a new position in Fidus Investment in the 1st quarter valued at $2,740,000. Baird Financial Group Inc. grew its position in Fidus Investment by 46.1% in the 1st quarter. Baird Financial Group Inc. now owns 283,093 shares of the asset manager’s stock valued at $5,772,000 after acquiring an additional 89,386 shares during the last quarter. D.A. Davidson & CO. grew its position in Fidus Investment by 159.1% in the 2nd quarter. D.A. Davidson & CO. now owns 115,872 shares of the asset manager’s stock valued at $2,341,000 after acquiring an additional 71,145 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Fidus Investment by 68.5% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 152,463 shares of the asset manager’s stock valued at $3,080,000 after acquiring an additional 61,977 shares during the last quarter. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Trading Down 0.4%

FDUS opened at $20.61 on Friday. The company has a market capitalization of $729.18 million, a price-to-earnings ratio of 8.92 and a beta of 0.88. 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 $20.74 and its 200-day simple moving average is $20.33.

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

Fidus Investment Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were paid a dividend of $0.57 per share. This is an increase from Fidus Investment’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, September 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 11.1%. Fidus Investment’s dividend payout ratio (DPR) is currently 74.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FDUS. B. Riley downgraded Fidus Investment from a “buy” rating to a “neutral” rating and increased their price target for the stock from $22.00 to $22.50 in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods raised Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 price target on the stock in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidus Investment in a research report on Tuesday, October 14th. Finally, LADENBURG THALM/SH SH raised Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $22.00.

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.