Fidus Investment Corp (NASDAQ:FDUS) President Thomas Charles Lauer purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was acquired at an average cost of $12.80 per share, with a total value of $51,200.00. Following the completion of the acquisition, the president now directly owns 74,600 shares in the company, valued at approximately $954,880. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Fidus Investment Corp (FDUS) traded up $0.08 during midday trading on Monday, hitting $12.94. 131,243 shares of the stock traded hands, compared to its average volume of 127,313. Fidus Investment Corp has a 1-year low of $12.63 and a 1-year high of $18.21. The firm has a market cap of $317.11, a price-to-earnings ratio of 6.96 and a beta of 1.07.
Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, March 1st. The asset manager reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The business had revenue of $17.07 million during the quarter, compared to analyst estimates of $17.76 million. sell-side analysts expect that Fidus Investment Corp will post 1.56 earnings per share for the current year.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Ladenburg Thalmann Financial Services assumed coverage on shares of Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating for the company. BidaskClub raised shares of Fidus Investment from a “strong sell” rating to a “sell” rating in a report on Saturday, March 3rd. Finally, ValuEngine lowered shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Fidus Investment presently has a consensus rating of “Hold” and an average target price of $17.50.
Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. boosted its stake in Fidus Investment by 1,166.3% during the 4th quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock valued at $115,000 after purchasing an additional 6,998 shares during the period. D.A. Davidson & CO. boosted its stake in Fidus Investment by 51.3% during the 3rd quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after purchasing an additional 3,394 shares during the period. Citadel Advisors LLC acquired a new position in Fidus Investment during the 4th quarter valued at about $223,000. Millennium Management LLC boosted its stake in Fidus Investment by 63.1% during the 4th quarter. Millennium Management LLC now owns 48,724 shares of the asset manager’s stock valued at $740,000 after purchasing an additional 18,851 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in Fidus Investment by 8.0% during the 4th quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock valued at $1,332,000 after purchasing an additional 6,484 shares during the period. 31.37% of the stock is owned by hedge funds and other institutional investors.
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About Fidus Investment
Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.
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