30,021 Shares in Fidus Investment Corporation $FDUS Acquired by TrueMark Investments LLC

TrueMark Investments LLC acquired a new stake in shares of Fidus Investment Corporation (NASDAQ:FDUS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 30,021 shares of the asset manager’s stock, valued at approximately $579,000. TrueMark Investments LLC owned approximately 0.08% of Fidus Investment as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FDUS. State of Alaska Department of Revenue bought a new stake in Fidus Investment in the third quarter worth $28,000. Atlantic Union Bankshares Corp bought a new position in shares of Fidus Investment during the third quarter valued at $30,000. BNP Paribas Financial Markets raised its position in shares of Fidus Investment by 5,750.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,223 shares of the asset manager’s stock worth $45,000 after purchasing an additional 2,185 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Fidus Investment in the 3rd quarter worth about $61,000. Finally, CWM LLC boosted its stake in Fidus Investment by 450.5% in the 3rd quarter. CWM LLC now owns 4,123 shares of the asset manager’s stock worth $84,000 after purchasing an additional 3,374 shares in the last quarter. Hedge funds and other institutional investors own 28.14% of the company’s stock.

Analyst Ratings Changes

FDUS has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Fidus Investment from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed 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 assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.25.

Fidus Investment Trading Up 1.6%

Shares of FDUS opened at $17.19 on Tuesday. The company has a market cap of $652.36 million, a price-to-earnings ratio of 7.35 and a beta of 0.72. The business’s fifty day simple moving average is $18.47 and its two-hundred day simple moving average is $19.44. Fidus Investment Corporation has a 12 month low of $16.70 and a 12 month high of $22.09.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, February 26th. The asset manager reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $32.73 million during the quarter, compared to analysts’ expectations of $39.46 million. Fidus Investment had a return on equity of 10.71% and a net margin of 52.87%. As a group, research analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current year.

Fidus Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 20th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $1.72 dividend on an annualized basis and a yield of 10.0%. Fidus Investment’s dividend payout ratio is currently 73.50%.

Fidus Investment 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.