Quantbot Technologies LP Makes New $517,000 Investment in Fidus Investment Corporation $FDUS

Quantbot Technologies LP purchased a new position in shares of Fidus Investment Corporation (NASDAQ:FDUS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,126 shares of the asset manager’s stock, valued at approximately $517,000. Quantbot Technologies LP owned approximately 0.07% of Fidus Investment as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in Fidus Investment by 7.6% in the second quarter. Osaic Holdings Inc. now owns 13,092 shares of the asset manager’s stock valued at $264,000 after purchasing an additional 920 shares during the period. Sage Investment Counsel LLC increased its holdings in Fidus Investment by 8.3% during the 1st quarter. Sage Investment Counsel LLC now owns 13,070 shares of the asset manager’s stock worth $228,000 after purchasing an additional 1,000 shares during the period. Steward Partners Investment Advisory LLC raised its position in Fidus Investment by 3.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,763 shares of the asset manager’s stock valued at $555,000 after purchasing an additional 1,039 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Fidus Investment by 6.6% in the 4th quarter. Stifel Financial Corp now owns 17,657 shares of the asset manager’s stock valued at $341,000 after buying an additional 1,092 shares during the period. Finally, Novare Capital Management LLC boosted its stake in shares of Fidus Investment by 0.6% in the 1st quarter. Novare Capital Management LLC now owns 206,114 shares of the asset manager’s stock valued at $3,591,000 after buying an additional 1,225 shares during the period. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Price Performance

NASDAQ:FDUS opened at $19.73 on Friday. Fidus Investment Corporation has a 12 month low of $16.86 and a 12 month high of $21.67. The firm has a market capitalization of $748.83 million, a PE ratio of 9.44 and a beta of 0.67. The business’s fifty day moving average price is $19.64 and its 200 day moving average price is $18.82.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.50. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%.The business had revenue of $32.55 million during the quarter, compared to analysts’ expectations of $42.37 million. As a group, equities analysts anticipate that Fidus Investment Corporation will post 2.16 EPS for the current year.

Fidus Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Fidus Investment’s dividend payout ratio is 82.30%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented 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 reiterated a “market perform” rating and issued a $19.50 price target on shares of Fidus Investment in a research note on Monday, July 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.50.

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.