Fidus Investment Corporation $FDUS Shares Acquired by Columbus Macro LLC

Columbus Macro LLC boosted its holdings in Fidus Investment Corporation (NASDAQ:FDUS) by 21.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 485,780 shares of the asset manager’s stock after acquiring an additional 84,320 shares during the period. Columbus Macro LLC’s holdings in Fidus Investment were worth $9,376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FDUS. MeadowBrook Investment Advisors LLC acquired a new position in Fidus Investment during the fourth quarter worth about $60,000. TrueMark Investments LLC acquired a new stake in shares of Fidus Investment in the fourth quarter valued at approximately $579,000. Riverbridge Partners LLC increased its stake in shares of Fidus Investment by 73.7% during the 4th quarter. Riverbridge Partners LLC now owns 101,578 shares of the asset manager’s stock worth $1,960,000 after purchasing an additional 43,098 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Fidus Investment by 99.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,793 shares of the asset manager’s stock worth $178,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Fidus Investment during the 3rd quarter worth approximately $61,000. 28.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FDUS shares. Keefe, Bruyette & Woods lowered their target price on Fidus Investment from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

Fidus Investment Price Performance

Shares of NASDAQ FDUS opened at $16.92 on Monday. The company has a 50-day simple moving average of $18.53 and a 200-day simple moving average of $19.47. The company has a market cap of $642.11 million, a PE ratio of 7.23 and a beta of 0.72. Fidus Investment Corporation has a 12 month low of $16.70 and a 12 month high of $22.09.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, February 26th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Fidus Investment had a net margin of 52.87% and a return on equity of 10.71%. The business had revenue of $32.73 million for the quarter, compared to the consensus estimate of $39.46 million. On average, analysts anticipate that Fidus Investment Corporation will post 2.28 EPS for the current year.

Fidus Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Friday, March 20th. Fidus Investment’s dividend payout ratio is currently 73.50%.

Fidus Investment Company Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.