UBS Group AG Boosts Stock Position in Fidus Investment Corporation $FDUS

UBS Group AG grew its stake in Fidus Investment Corporation (NASDAQ:FDUS) by 17.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 439,945 shares of the asset manager’s stock after purchasing an additional 64,209 shares during the period. UBS Group AG owned approximately 1.21% of Fidus Investment worth $8,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in Fidus Investment in the third quarter worth approximately $28,000. Atlantic Union Bankshares Corp purchased a new position in Fidus Investment in the third quarter worth approximately $30,000. Flagship Harbor Advisors LLC purchased a new position in Fidus Investment in the fourth quarter worth approximately $31,000. BNP Paribas Financial Markets grew its position in Fidus Investment by 5,750.0% in the third quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock worth $45,000 after acquiring an additional 2,185 shares during the period. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Fidus Investment in the fourth quarter worth approximately $60,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price objective on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Thursday, April 16th. One 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. According to data from MarketBeat, Fidus Investment presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Fidus Investment Price Performance

FDUS opened at $18.79 on Monday. Fidus Investment Corporation has a 52 week low of $16.86 and a 52 week high of $22.09. The business has a fifty day simple moving average of $18.17 and a 200-day simple moving average of $19.00. The firm has a market cap of $713.08 million, a P/E ratio of 8.24 and a beta of 0.69.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 EPS for the quarter, topping the consensus estimate 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 $34.29 million during the quarter, compared to analyst estimates of $42.30 million. Sell-side analysts expect that Fidus Investment Corporation will post 2.15 earnings per share for the current year.

Fidus Investment Announces Dividend

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