Fidus Investment Corp (NASDAQ:FDUS) Director Charles D. Hyman bought 1,500 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $12.79 per share, for a total transaction of $19,185.00. Following the completion of the transaction, the director now directly owns 23,200 shares in the company, valued at $296,728. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Fidus Investment Corp (NASDAQ FDUS) traded up $0.08 during mid-day trading on Monday, reaching $12.94. The company had a trading volume of 131,243 shares, compared to its average volume of 127,313. Fidus Investment Corp has a 12 month low of $12.63 and a 12 month high of $18.21. The firm has a market cap of $317.11, a PE ratio of 6.96 and a beta of 1.07.
Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings data on Thursday, March 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.06). Fidus Investment had a return on equity of 8.91% and a net margin of 64.06%. The firm had revenue of $17.07 million during the quarter, compared to analyst estimates of $17.76 million. equities research analysts expect that Fidus Investment Corp will post 1.56 EPS for the current year.
Several research firms recently issued reports on FDUS. Zacks Investment Research cut Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. BidaskClub upgraded Fidus Investment from a “strong sell” rating to a “sell” rating in a report on Saturday, March 3rd. ValuEngine cut Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Ladenburg Thalmann Financial Services began coverage on Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Fidus Investment currently has an average rating of “Hold” and an average target price of $17.50.
A number of hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its holdings in Fidus Investment by 51.3% in the 3rd quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock worth $160,000 after buying an additional 3,394 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Fidus Investment by 8.0% in the 4th quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock worth $1,332,000 after buying an additional 6,484 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Fidus Investment by 1,166.3% in the 4th quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock worth $115,000 after buying an additional 6,998 shares during the last quarter. Novare Capital Management LLC boosted its holdings in shares of Fidus Investment by 2.3% during the 4th quarter. Novare Capital Management LLC now owns 353,594 shares of the asset manager’s stock worth $5,368,000 after purchasing an additional 8,050 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Fidus Investment during the 4th quarter worth approximately $223,000. Institutional investors own 31.37% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Insider Buying: Fidus Investment Corp (FDUS) Director Buys 1,500 Shares of Stock” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/03/12/insider-buying-fidus-investment-corp-fdus-director-buys-1500-shares-of-stock.html.
Fidus Investment Company Profile
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.
Receive News & Ratings for Fidus Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidus Investment and related companies with MarketBeat.com's FREE daily email newsletter.