Raymond James & Associates raised its position in Fidus Investment Corp (NASDAQ:FDUS) by 12.9% during the first quarter, HoldingsChannel.com reports. The fund owned 1,185,805 shares of the asset manager’s stock after purchasing an additional 135,825 shares during the quarter. Raymond James & Associates’ holdings in Fidus Investment were worth $18,178,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in FDUS. Raymond James Financial Services Advisors Inc. increased its stake in shares of Fidus Investment by 23.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 653,974 shares of the asset manager’s stock worth $10,025,000 after purchasing an additional 125,079 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of Fidus Investment in the first quarter worth $489,000. Prospera Financial Services Inc increased its stake in shares of 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. Andesa Financial Management Inc. increased its stake in shares of Fidus Investment by 134.8% in the first quarter. Andesa Financial Management Inc. now owns 26,978 shares of the asset manager’s stock worth $412,000 after purchasing an additional 15,489 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Fidus Investment in the first quarter worth $337,000. Hedge funds and other institutional investors own 29.98% of the company’s stock.
A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Zacks Investment Research raised shares of Fidus Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, TheStreet raised shares of Fidus Investment from a “c+” rating to a “b” rating in a research note on Thursday, April 11th.
Shares of NASDAQ FDUS opened at $16.47 on Wednesday. The firm has a market capitalization of $400.23 million, a PE ratio of 11.60 and a beta of 1.22. Fidus Investment Corp has a 1 year low of $11.48 and a 1 year high of $16.50.
Fidus Investment (NASDAQ:FDUS) last posted its earnings results on Thursday, May 2nd. The asset manager reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $20.33 million during the quarter, compared to analysts’ expectations of $19.01 million. Fidus Investment had a net margin of 58.33% and a return on equity of 9.24%. As a group, research analysts anticipate that Fidus Investment Corp will post 1.53 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.56 annualized dividend and a yield of 9.47%. Fidus Investment’s payout ratio is 109.86%.
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Fidus Investment Company 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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