30,961 Shares in Fidus Investment Corporation $FDUS Acquired by Independent Financial Group LLC

Independent Financial Group LLC purchased a new position in Fidus Investment Corporation (NASDAQ:FDUS) during the first quarter, Holdings Channel reports. The fund purchased 30,961 shares of the asset manager’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC boosted its stake in shares of Fidus Investment by 3.0% during the fourth quarter. Apollon Wealth Management LLC now owns 18,396 shares of the asset manager’s stock valued at $355,000 after purchasing an additional 544 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Fidus Investment by 3.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 27,000 shares of the asset manager’s stock worth $521,000 after purchasing an additional 800 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Fidus Investment by 7.6% in the second quarter. Osaic Holdings Inc. now owns 13,092 shares of the asset manager’s stock worth $264,000 after buying an additional 920 shares during the period. Sage Investment Counsel LLC increased its stake in shares of Fidus Investment by 8.3% in the first quarter. Sage Investment Counsel LLC now owns 13,070 shares of the asset manager’s stock worth $228,000 after buying an additional 1,000 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its holdings in Fidus Investment by 3.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,763 shares of the asset manager’s stock valued at $555,000 after buying an additional 1,039 shares during the last quarter. Institutional investors own 28.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FDUS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Fidus Investment Price Performance

FDUS opened at $19.70 on Thursday. Fidus Investment Corporation has a one year low of $16.86 and a one year high of $21.69. The business has a 50 day simple moving average of $19.03 and a two-hundred day simple moving average of $18.76. The firm has a market capitalization of $747.62 million, a price-to-earnings ratio of 8.64 and a beta of 0.67.

Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $37.76 million for the quarter, compared to analysts’ expectations of $42.30 million. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%. As a group, sell-side analysts expect that Fidus Investment Corporation will post 2.15 EPS for the current fiscal year.

Fidus Investment Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, June 29th. Shareholders of record on Tuesday, June 16th were issued a $0.19 dividend. The ex-dividend date was Tuesday, June 16th. This represents a yield of 414.0%. Fidus Investment’s dividend payout ratio is 75.44%.

About Fidus Investment

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.