Greenland Capital Management LP Makes New $1.28 Million Investment in Fidus Investment Corporation $FDUS

Greenland Capital Management LP acquired a new position in Fidus Investment Corporation (NASDAQ:FDUS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,000 shares of the asset manager’s stock, valued at approximately $1,278,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FDUS. Northwestern Mutual Wealth Management Co. acquired a new stake in Fidus Investment during the second quarter worth approximately $596,000. Quantbot Technologies LP acquired a new position in Fidus Investment in the second quarter valued at approximately $517,000. BlackRock Inc. bought a new position in shares of Fidus Investment during the 2nd quarter worth approximately $2,633,000. Global Retirement Partners LLC bought a new position in shares of Fidus Investment during the 2nd quarter worth approximately $621,000. Finally, WNY Asset Management LLC acquired a new stake in shares of Fidus Investment during the 1st quarter worth approximately $176,000. 28.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidus Investment in a research note on Wednesday, June 17th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.50.

Fidus Investment Price Performance

Shares of Fidus Investment stock opened at $19.70 on Friday. Fidus Investment Corporation has a one year low of $16.86 and a one year high of $21.67. The firm has a market capitalization of $747.62 million, a price-to-earnings ratio of 9.43 and a beta of 0.67. The business has a 50-day simple moving average of $19.53 and a 200 day simple moving average of $18.80.

Fidus Investment (NASDAQ:FDUS) last posted its quarterly earnings results on Thursday, August 6th. The asset manager reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $32.55 million for the quarter, compared to the consensus estimate of $42.37 million. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%. On average, sell-side analysts expect that Fidus Investment Corporation will post 2.16 EPS for the current year.

Fidus Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Tuesday, September 15th. Fidus Investment’s dividend payout ratio (DPR) is currently 82.30%.

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.