Y Intercept Hong Kong Ltd Has $1.28 Million Position in Fidus Investment Corporation $FDUS

Y Intercept Hong Kong Ltd lifted its holdings in Fidus Investment Corporation (NASDAQ:FDUS) by 77.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,533 shares of the asset manager’s stock after buying an additional 32,015 shares during the period. Y Intercept Hong Kong Ltd owned about 0.19% of Fidus Investment worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Laurel Wealth Advisors LLC acquired a new position in Fidus Investment during the fourth quarter valued at $30,000. Hilton Head Capital Partners LLC acquired a new stake in Fidus Investment during the 4th quarter worth about $30,000. Flagship Harbor Advisors LLC acquired a new stake in Fidus Investment during the 4th quarter worth about $31,000. BNP Paribas Financial Markets grew its stake in Fidus Investment by 5,750.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 2,185 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Fidus Investment during the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Fidus Investment Price Performance

NASDAQ:FDUS traded up $0.67 during mid-day trading on Friday, reaching $20.21. The stock had a trading volume of 263,235 shares, compared to its average volume of 475,112. The business’s 50 day moving average is $18.83 and its 200 day moving average is $18.71. Fidus Investment Corporation has a fifty-two week low of $16.86 and a fifty-two week high of $22.09. The stock has a market cap of $766.97 million, a P/E ratio of 8.86 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 analysts’ consensus estimates of $0.50 by $0.12. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. The firm had revenue of $37.76 million during the quarter, compared to analysts’ expectations of $42.30 million. Equities analysts expect that Fidus Investment Corporation will post 2.15 EPS for the current year.

Fidus Investment Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Fidus Investment from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidus Investment in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fidus Investment has an average rating of “Moderate Buy” and an average price target of $21.00.

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.