Fidus Investment (NASDAQ:FDUS) Sees Large Volume Increase – Here’s What Happened

Fidus Investment Corporation (NASDAQ:FDUS) saw unusually-high trading volume on Monday . Approximately 491,723 shares were traded during trading, an increase of 77% from the previous session’s volume of 277,588 shares.The stock last traded at $19.91 and had previously closed at $19.33.

Analyst Ratings Changes

Several equities analysts have issued reports on FDUS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidus Investment in a report on Wednesday, June 17th. Keefe, Bruyette & Woods decreased their price objective on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Fidus Investment Trading Up 0.1%

The firm has a 50-day moving average of $18.75 and a 200-day moving average of $18.69. The stock has a market capitalization of $738.89 million, a price-to-earnings ratio of 8.54 and a beta of 0.67.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a return on equity of 11.19% and a net margin of 49.51%.The company had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $42.30 million. On average, equities research analysts anticipate that Fidus Investment Corporation will post 2.15 EPS for the current year.

Fidus Investment Dividend Announcement

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

Hedge Funds Weigh In On Fidus Investment

Several institutional investors and hedge funds have recently modified their holdings of FDUS. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fidus Investment during the 1st quarter worth approximately $270,000. Jane Street Group LLC acquired a new position in shares of Fidus Investment in the 1st quarter valued at $475,000. Invesco Ltd. lifted its stake in shares of Fidus Investment by 2.2% in the 2nd quarter. Invesco Ltd. now owns 446,703 shares of the asset manager’s stock valued at $9,023,000 after purchasing an additional 9,637 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Fidus Investment by 39.8% during the second quarter. Qube Research & Technologies Ltd now owns 64,929 shares of the asset manager’s stock worth $1,312,000 after buying an additional 18,489 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Fidus Investment during the second quarter valued at $549,000. Institutional investors and hedge funds own 28.14% of the company’s stock.

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.