Fidus Investment Corp (NASDAQ:FDUS) President Thomas Charles Lauer Purchases 4,000 Shares

Fidus Investment Corp (NASDAQ:FDUS) President Thomas Charles Lauer purchased 4,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average cost of $12.80 per share, for a total transaction of $51,200.00. Following the completion of the transaction, the president now owns 74,600 shares in the company, valued at $954,880. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

FDUS stock traded up $0.03 during midday trading on Friday, hitting $13.07. The company’s stock had a trading volume of 68,710 shares, compared to its average volume of 126,630. The stock has a market capitalization of $316.06, a PE ratio of 9.14 and a beta of 0.99. Fidus Investment Corp has a 12 month low of $12.63 and a 12 month high of $18.21.

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

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

FDUS has been the topic of a number of analyst reports. Zacks Investment Research cut Fidus Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, March 6th. ValuEngine cut Fidus Investment from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. BidaskClub cut Fidus Investment from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. TheStreet cut Fidus Investment from a “b-” rating to a “c+” rating in a research report on Tuesday, March 13th. Finally, Ladenburg Thalmann Financial Services began coverage on Fidus Investment in a research report on Friday, February 16th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.50.

A number of hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. raised its stake in Fidus Investment by 808.2% during 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 during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Fidus Investment by 457.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 112,857 shares of the asset manager’s stock valued at $1,713,000 after buying an additional 92,600 shares during the last quarter. West Family Investments Inc. raised its stake in Fidus Investment by 24.8% during 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 during the last quarter. Two Sigma Investments LP raised its stake in Fidus Investment by 135.1% during the 4th quarter. Two Sigma Investments LP now owns 131,719 shares of the asset manager’s stock valued at $1,999,000 after buying an additional 75,691 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Fidus Investment by 40.3% during the 4th quarter. Two Sigma Advisers LP now owns 165,912 shares of the asset manager’s stock valued at $2,519,000 after buying an additional 47,676 shares during the last quarter. 31.87% of the stock is currently owned by institutional investors and hedge funds.

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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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