Fidus Investment Corp (NASDAQ:FDUS) insider Shelby E. Sherard purchased 3,675 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was purchased at an average price of $13.60 per share, for a total transaction of $49,980.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ FDUS opened at $13.73 on Friday. The firm has a market cap of $333.19 million, a P/E ratio of 10.16 and a beta of 0.99. Fidus Investment Corp has a fifty-two week low of $12.63 and a fifty-two week high of $16.26.
Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, November 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.05). The company had revenue of $17.87 million for the quarter, compared to analysts’ expectations of $18.38 million. Fidus Investment had a net margin of 69.97% and a return on equity of 8.25%. As a group, equities analysts anticipate that Fidus Investment Corp will post 1.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.56 dividend on an annualized basis and a yield of 11.36%. Fidus Investment’s dividend payout ratio is presently 109.09%.
FDUS has been the topic of several analyst reports. BidaskClub upgraded Fidus Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. ValuEngine upgraded Fidus Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Zacks Investment Research downgraded Fidus Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.50.
Large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC raised its holdings in Fidus Investment by 170.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 7,300 shares of the asset manager’s stock valued at $107,000 after acquiring an additional 4,600 shares during the period. Quad Cities Investment Group LLC bought a new stake in Fidus Investment during the second quarter valued at about $139,000. Brown Advisory Inc. raised its holdings in Fidus Investment by 72.5% during the second quarter. Brown Advisory Inc. now owns 18,565 shares of the asset manager’s stock valued at $264,000 after acquiring an additional 7,805 shares during the period. JPMorgan Chase & Co. raised its holdings in Fidus Investment by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 25,249 shares of the asset manager’s stock valued at $369,000 after acquiring an additional 4,571 shares during the period. Finally, Optimum Investment Advisors raised its holdings in Fidus Investment by 18.2% during the third quarter. Optimum Investment Advisors now owns 32,959 shares of the asset manager’s stock valued at $482,000 after acquiring an additional 5,086 shares during the period. 27.72% of the stock is currently owned by institutional investors and hedge funds.
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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.
See Also: Intrinsic Value
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