Sumitomo Mitsui Asset Management Company LTD reduced its stake in shares of Fidus Investment Corp (NASDAQ:FDUS) by 11.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,420 shares of the asset manager’s stock after selling 10,558 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Fidus Investment were worth $1,309,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new stake in Fidus Investment in the fourth quarter worth $32,000. Andesa Financial Management Inc. bought a new stake in Fidus Investment in the fourth quarter worth $135,000. Steward Partners Investment Advisory LLC boosted its holdings in Fidus Investment by 89.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 13,829 shares of the asset manager’s stock worth $161,000 after purchasing an additional 6,529 shares in the last quarter. Wambolt & Associates LLC bought a new stake in Fidus Investment in the fourth quarter worth $200,000. Finally, Prospera Financial Services Inc boosted its holdings in Fidus Investment by 13.5% in the first quarter. Prospera Financial Services Inc now owns 15,921 shares of the asset manager’s stock worth $247,000 after purchasing an additional 1,893 shares in the last quarter. Institutional investors and hedge funds own 29.98% of the company’s stock.
A number of equities research analysts recently issued reports on FDUS shares. BidaskClub upgraded shares of Fidus Investment from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research cut shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. Finally, TheStreet raised shares of Fidus Investment from a “c+” rating to a “b” rating in a research report on Thursday, April 11th.
Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, May 2nd. The asset manager reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $20.33 million during the quarter, compared to analyst estimates of $19.01 million. Fidus Investment had a net margin of 58.33% and a return on equity of 9.24%. Analysts forecast that Fidus Investment Corp will post 1.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 9.50%. The ex-dividend date is Thursday, June 6th. Fidus Investment’s dividend payout ratio is 109.86%.
In other news, Director Raymond L. Jr. Anstiss bought 2,250 shares of the business’s stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $16.00 per share, with a total value of $36,000.00. Following the transaction, the director now directly owns 4,760 shares in the company, valued at $76,160. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.
Fidus Investment Profile
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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