Global Retirement Partners LLC Buys New Stake in Fidus Investment Corporation $FDUS

Global Retirement Partners LLC purchased a new stake in Fidus Investment Corporation (NASDAQ:FDUS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 32,589 shares of the asset manager’s stock, valued at approximately $621,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MQS Management LLC purchased a new position in shares of Fidus Investment during the 4th quarter valued at approximately $852,000. Closed End Fund Advisors Inc. acquired a new stake in Fidus Investment during the fourth quarter valued at $749,000. Legal & General Group Plc grew its position in Fidus Investment by 18.6% during the fourth quarter. Legal & General Group Plc now owns 252,442 shares of the asset manager’s stock valued at $4,868,000 after buying an additional 39,644 shares during the period. Independent Financial Group LLC purchased a new position in Fidus Investment in the first quarter valued at $539,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Fidus Investment by 77.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 73,533 shares of the asset manager’s stock worth $1,281,000 after acquiring an additional 32,015 shares during the period. Institutional investors and hedge funds own 28.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.50 price target on shares of Fidus Investment in a report on Monday, July 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.50.

Fidus Investment Stock Up 0.2%

Shares of NASDAQ:FDUS opened at $19.51 on Wednesday. Fidus Investment Corporation has a 52-week low of $16.86 and a 52-week high of $21.67. The stock has a market cap of $740.48 million, a P/E ratio of 9.33 and a beta of 0.67. The business has a fifty day moving average of $19.47 and a two-hundred day moving average of $18.79.

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

Fidus Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.72 annualized dividend and a dividend yield of 8.8%. Fidus Investment’s dividend payout ratio is 82.30%.

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.