Insider Buying: Fidus Investment Corp (NASDAQ:FDUS) Insider Acquires 3,500 Shares of Stock

Fidus Investment Corp (NASDAQ:FDUS) insider Shelby E. Sherard bought 3,500 shares of the company’s stock in a transaction on Friday, March 9th. The shares were bought at an average price of $12.75 per share, for a total transaction of $44,625.00. Following the completion of the acquisition, the insider now directly owns 11,749 shares in the company, valued at approximately $149,799.75. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Shares of FDUS opened at $13.07 on Friday. Fidus Investment Corp has a twelve month low of $12.63 and a twelve month 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 released its earnings results on Thursday, March 1st. The asset manager reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). Fidus Investment had a net margin of 64.06% and a return on equity of 8.91%. The firm had revenue of $17.07 million during the quarter, compared to the consensus estimate of $17.76 million. equities research analysts predict that Fidus Investment Corp will post 1.56 earnings per share for the current fiscal year.

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

Several large investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. grew its stake in shares of Fidus Investment by 51.3% in the third quarter. D.A. Davidson & CO. now owns 10,009 shares of the asset manager’s stock valued at $160,000 after buying an additional 3,394 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of Fidus Investment by 8.0% in the fourth quarter. Guggenheim Capital LLC now owns 87,742 shares of the asset manager’s stock valued at $1,332,000 after buying an additional 6,484 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Fidus Investment by 1,166.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,598 shares of the asset manager’s stock valued at $115,000 after buying an additional 6,998 shares in the last quarter. Novare Capital Management LLC grew its stake in shares of Fidus Investment by 2.3% in the fourth 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. Finally, Citadel Advisors LLC bought a new position in shares of Fidus Investment in the fourth quarter valued at $223,000. 31.87% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on FDUS shares. BidaskClub cut shares of Fidus Investment from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Zacks Investment Research raised shares of Fidus Investment from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, January 4th. Ladenburg Thalmann Financial Services started coverage on shares of Fidus Investment in a research note on Friday, February 16th. They set a “buy” rating for the company. ValuEngine cut shares of Fidus Investment from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, TheStreet cut shares of Fidus Investment from a “b-” rating to a “c+” rating in a research note on Tuesday, March 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.50.

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Fidus Investment Company Profile

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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