39,372 Fidus Investment Corporation $FDUS Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC increased its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 35.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 150,241 shares of the asset manager’s stock after acquiring an additional 39,372 shares during the period. Riverbridge Partners LLC’s holdings in Fidus Investment were worth $2,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sound Income Strategies LLC increased its stake in Fidus Investment by 2,909.2% in the third quarter. Sound Income Strategies LLC now owns 2,193,829 shares of the asset manager’s stock valued at $41,880,000 after acquiring an additional 2,120,925 shares during the period. Van ECK Associates Corp raised its position in Fidus Investment by 30.3% in the second quarter. Van ECK Associates Corp now owns 929,242 shares of the asset manager’s stock worth $17,721,000 after purchasing an additional 216,180 shares in the last quarter. Cetera Investment Advisers lifted its stake in Fidus Investment by 3.6% during the first quarter. Cetera Investment Advisers now owns 542,315 shares of the asset manager’s stock worth $9,447,000 after purchasing an additional 18,656 shares during the period. Baird Financial Group Inc. lifted its stake in Fidus Investment by 2.5% during the second quarter. Baird Financial Group Inc. now owns 416,390 shares of the asset manager’s stock worth $7,941,000 after purchasing an additional 9,964 shares during the period. Finally, Legal & General Group Plc bought a new position in Fidus Investment during the second quarter worth about $5,921,000. Institutional investors own 28.14% of the company’s stock.

Wall Street Analyst Weigh In

FDUS has been the topic of a number of recent research reports. Weiss Ratings raised Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Keefe, Bruyette & Woods increased their target price on Fidus Investment from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Monday. Two investment analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

Fidus Investment Price Performance

Fidus Investment stock opened at $19.65 on Wednesday. The firm has a market capitalization of $781.48 million, a P/E ratio of 9.49 and a beta of 0.71. The stock has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $18.96. Fidus Investment Corporation has a 52-week low of $16.86 and a 52-week high of $20.78.

Fidus Investment (NASDAQ:FDUS) last issued its earnings results on Thursday, November 5th. The asset manager reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Fidus Investment had a net margin of 43.83% and a return on equity of 11.08%. The company had revenue of $45.91 million for the quarter, compared to the consensus estimate of $44.31 million. On average, equities research analysts predict that Fidus Investment Corporation will post 2.16 EPS for the current fiscal year.

Fidus Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Friday, December 18th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, December 18th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.8%. Fidus Investment’s dividend payout ratio (DPR) is 83.09%.

Fidus Investment Profile

Fidus Investment Corporation is a business development company that provides financing to lower middle-market businesses, primarily in the United States. It invests in companies across a range of industries and works with them to meet financing and growth needs. The company offers customized capital solutions, including senior secured loans, subordinated debt and equity investments. Its investments may support business expansion, acquisitions, recapitalizations and ownership transitions. Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.