Fidus Investment Corporation $FDUS Shares Purchased by Ethos Financial Group LLC

Ethos Financial Group LLC boosted its position in Fidus Investment Corporation (NASDAQ:FDUS) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,365 shares of the asset manager’s stock after buying an additional 2,981 shares during the period. Ethos Financial Group LLC owned approximately 0.40% of Fidus Investment worth $2,775,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. boosted its holdings in shares of Fidus Investment by 42.5% in the first quarter. D.A. Davidson & CO. now owns 44,727 shares of the asset manager’s stock valued at $912,000 after acquiring an additional 13,344 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Fidus Investment by 7.8% in the first quarter. Envestnet Asset Management Inc. now owns 324,277 shares of the asset manager’s stock valued at $6,612,000 after purchasing an additional 23,478 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Fidus Investment by 28.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 16,200 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 3,626 shares in the last quarter. MQS Management LLC acquired a new position in Fidus Investment during the 1st quarter worth approximately $936,000. Finally, Muzinich & Co. Inc. raised its stake in shares of Fidus Investment by 11.0% during the 1st quarter. Muzinich & Co. Inc. now owns 92,121 shares of the asset manager’s stock worth $1,878,000 after buying an additional 9,166 shares in the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Stock Up 1.0%

Shares of FDUS stock opened at $20.82 on Thursday. The stock has a market cap of $736.61 million, a P/E ratio of 9.01 and a beta of 0.91. Fidus Investment Corporation has a fifty-two week low of $16.70 and a fifty-two week high of $23.55. The business has a fifty day simple moving average of $20.65 and a 200-day simple moving average of $20.48.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, August 7th. The asset manager reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The firm had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $37.42 million. On average, sell-side analysts anticipate that Fidus Investment Corporation will post 2.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FDUS. LADENBURG THALM/SH SH raised Fidus Investment to a “strong-buy” rating in a report on Wednesday, August 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidus Investment in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods upgraded shares of Fidus Investment from a “market perform” rating to an “outperform” rating and set a $21.50 price target for the company in a report on Monday, October 6th. Finally, B. Riley cut shares of Fidus Investment from a “buy” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $22.50 in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Fidus Investment presently has an average rating of “Buy” and an average target price of $22.00.

About Fidus Investment

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.