MeadowBrook Investment Advisors LLC Makes New $57,000 Investment in Fidus Investment Co. (NASDAQ:FDUS)

MeadowBrook Investment Advisors LLC bought a new position in Fidus Investment Co. (NASDAQ:FDUS) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,880 shares of the asset manager’s stock, valued at approximately $57,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in shares of Fidus Investment by 35.3% during the 4th quarter. Spire Wealth Management now owns 2,351 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 613 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Fidus Investment during the 4th quarter valued at $69,000. Nisa Investment Advisors LLC acquired a new stake in shares of Fidus Investment during the 3rd quarter valued at $140,000. Sound Income Strategies LLC raised its stake in Fidus Investment by 698.2% during the 4th quarter. Sound Income Strategies LLC now owns 8,253 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 7,219 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in shares of Fidus Investment by 162.9% in the third quarter. Quantbot Technologies LP now owns 8,475 shares of the asset manager’s stock valued at $163,000 after purchasing an additional 5,251 shares in the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Stock Performance

Shares of FDUS stock traded down $0.05 during trading on Monday, hitting $19.93. 323,858 shares of the company were exchanged, compared to its average volume of 273,963. The firm has a market capitalization of $628.79 million, a price-to-earnings ratio of 6.87 and a beta of 1.36. The business’s 50-day simple moving average is $19.69 and its 200 day simple moving average is $19.51. Fidus Investment Co. has a twelve month low of $17.63 and a twelve month high of $21.25.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings data on Thursday, February 29th. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. Fidus Investment had a return on equity of 12.69% and a net margin of 60.25%. The firm had revenue of $36.31 million during the quarter, compared to analysts’ expectations of $32.83 million. On average, equities analysts forecast that Fidus Investment Co. will post 2.36 earnings per share for the current fiscal year.

Fidus Investment Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 19th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Tuesday, June 18th. Fidus Investment’s dividend payout ratio (DPR) is presently 59.11%.

Analysts Set New Price Targets

Separately, B. Riley lowered Fidus Investment from a “buy” rating to a “neutral” rating and set a $22.00 price target on the stock. in a research report on Monday, January 8th.

Fidus Investment Profile

Fidus Investment Corporation is a business development company. It 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.