Fidus Investment Corp (NASDAQ:FDUS) insider Shelby E. Sherard bought 3,500 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was acquired at an average cost of $12.75 per share, for a total transaction of $44,625.00. Following the purchase, the insider now owns 11,749 shares in the company, valued at approximately $149,799.75. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Fidus Investment Corp (NASDAQ FDUS) traded up $0.08 during mid-day trading on Monday, hitting $12.94. 131,243 shares of the stock were exchanged, compared to its average volume of 127,313. Fidus Investment Corp has a fifty-two week low of $12.63 and a fifty-two week high of $18.21. The stock has a market cap of $317.11, a P/E ratio of 6.96 and a beta of 1.07.
Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, March 1st. The asset manager reported $0.31 EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $17.76 million. analysts forecast that Fidus Investment Corp will post 1.56 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. increased 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 worth $115,000 after buying an additional 6,998 shares during the period. Millennium Management LLC increased 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 worth $740,000 after buying an additional 18,851 shares during the period. Two Sigma Investments LP increased its stake in Fidus Investment by 135.1% during the 4th quarter. Two Sigma Investments LP now owns 131,719 shares of the asset manager’s stock worth $1,999,000 after buying an additional 75,691 shares during the period. Two Sigma Advisers LP increased its stake in Fidus Investment by 40.3% during the 4th quarter. Two Sigma Advisers LP now owns 165,912 shares of the asset manager’s stock worth $2,519,000 after buying an additional 47,676 shares during the period. Finally, Guggenheim Capital LLC increased 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 worth $1,332,000 after buying an additional 6,484 shares during the period. 31.37% of the stock is currently owned by institutional investors and hedge funds.
FDUS has been the topic of a number of research reports. BidaskClub downgraded shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Zacks Investment Research raised shares of Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, January 4th. Ladenburg Thalmann Financial Services initiated coverage on shares of Fidus Investment in a research note on Friday, February 16th. They issued a “buy” rating on the stock. Finally, ValuEngine downgraded shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Fidus Investment presently has an average rating of “Hold” and a consensus target price of $17.50.
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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.
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