Shelby E. Sherard Acquires 7,000 Shares of Fidus Investment Corp (NASDAQ:FDUS) Stock

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Fidus Investment Corp (NASDAQ:FDUS) insider Shelby E. Sherard purchased 7,000 shares of Fidus Investment stock in a transaction on Wednesday, March 7th. The stock was bought at an average cost of $13.10 per share, with a total value of $91,700.00. Following the completion of the acquisition, the insider now owns 10,435 shares in the company, valued at $136,698.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Fidus Investment stock traded up $0.03 during mid-day trading on Friday, reaching $13.07. The company had a trading volume of 68,710 shares, compared to its average volume of 126,630. Fidus Investment Corp has a 52 week low of $12.63 and a 52 week high of $18.21. The company has a market cap of $316.06, a PE ratio of 9.14 and a beta of 0.99.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, March 1st. The asset manager reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The business had revenue of $17.07 million during the quarter, compared to analyst estimates of $17.76 million. analysts forecast that Fidus Investment Corp will post 1.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.94%. The ex-dividend date was Thursday, March 8th. Fidus Investment’s dividend payout ratio is 109.09%.

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Fidus Investment by 4.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 496,469 shares of the asset manager’s stock valued at $7,983,000 after buying an additional 20,675 shares in the last quarter. West Family Investments Inc. raised its stake in shares of Fidus Investment by 24.8% in the 4th quarter. West Family Investments Inc. now owns 392,328 shares of the asset manager’s stock valued at $5,952,000 after buying an additional 78,007 shares in the last quarter. Novare Capital Management LLC raised its stake in shares of Fidus Investment by 2.3% in the 4th quarter. Novare Capital Management LLC now owns 353,594 shares of the asset manager’s stock valued at $5,368,000 after buying an additional 8,050 shares in the last quarter. Yorktown Management & Research Co Inc raised its stake in shares of Fidus Investment by 14.6% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 275,000 shares of the asset manager’s stock valued at $4,422,000 after buying an additional 35,000 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Fidus Investment by 808.2% in the 4th quarter. Kennedy Capital Management Inc. now owns 250,221 shares of the asset manager’s stock valued at $3,798,000 after buying an additional 222,670 shares in the last quarter. Institutional investors own 31.87% of the company’s stock.

A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a report on Friday. TheStreet downgraded shares of Fidus Investment from a “b-” rating to a “c+” rating in a report on Tuesday, March 13th. Zacks Investment Research downgraded shares of Fidus Investment from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. ValuEngine downgraded shares of Fidus Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Ladenburg Thalmann Financial Services assumed coverage on shares of Fidus Investment in a report on Friday, February 16th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Fidus Investment presently has a consensus rating of “Hold” and an average price target of $17.50.

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About Fidus Investment

Fidus Investment Corporation is a closed-end, non-diversified investment company. The Company provides customized debt and equity financing solutions to lower middle-market companies. The Company’s investment objective is to provide attractive risk-adjusted returns by generating both current income from its debt investments and capital appreciation from its equity-related investments.

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