39,372 Fidus Investment Corporation $FDUS Shares Bought by Riverbridge Partners LLC

Riverbridge Partners LLC raised its holdings in shares of Fidus Investment Corporation (NASDAQ:FDUS) by 35.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,241 shares of the asset manager’s stock after buying an additional 39,372 shares during the quarter. Riverbridge Partners LLC owned about 0.40% of Fidus Investment worth $2,895,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sound Income Strategies LLC grew its stake in shares of Fidus Investment by 2,909.2% in the third quarter. Sound Income Strategies LLC now owns 2,193,829 shares of the asset manager’s stock worth $41,880,000 after acquiring an additional 2,120,925 shares during the last quarter. Van ECK Associates Corp raised its stake in Fidus Investment by 30.3% during the 2nd quarter. Van ECK Associates Corp now owns 929,242 shares of the asset manager’s stock valued at $17,721,000 after purchasing an additional 216,180 shares during the last quarter. Cetera Investment Advisers raised its stake in Fidus Investment by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 542,315 shares of the asset manager’s stock valued at $9,447,000 after purchasing an additional 18,656 shares during the last quarter. Baird Financial Group Inc. raised its stake in Fidus Investment by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 416,390 shares of the asset manager’s stock valued at $7,941,000 after purchasing an additional 9,964 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Fidus Investment in the 2nd quarter valued at $5,921,000. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Price Performance

Fidus Investment stock opened at $19.65 on Wednesday. The business has a 50 day moving average price of $19.24 and a two-hundred day moving average price of $18.96. The stock has a market cap of $781.48 million, a price-to-earnings ratio of 9.49 and a beta of 0.71. Fidus Investment Corporation has a 12 month low of $16.86 and a 12 month high of $20.78.

Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings data on Thursday, November 5th. The asset manager reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $45.91 million for the quarter, compared to analyst estimates of $44.31 million. Fidus Investment had a return on equity of 11.08% and a net margin of 43.83%. On average, analysts expect that Fidus Investment Corporation will post 2.16 earnings per share for the current fiscal year.

Fidus Investment Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 29th. Investors of record on Friday, December 18th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date is Friday, December 18th. Fidus Investment’s dividend payout ratio is presently 83.09%.

Analysts Set New Price Targets

FDUS has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Fidus Investment from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Monday. Weiss Ratings upgraded shares of Fidus Investment from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.00.

Fidus Investment Profile

Fidus Investment Corporation is a business development company that provides financing to lower middle-market businesses, primarily in the United States. It invests in companies across a range of industries and works with them to meet financing and growth needs. The company offers customized capital solutions, including senior secured loans, subordinated debt and equity investments. Its investments may support business expansion, acquisitions, recapitalizations and ownership transitions. Fidus Investment Corporation is externally managed by Fidus Investment Advisors, LLC.