MQS Management LLC Takes Position in Fidus Investment Corporation $FDUS

MQS Management LLC bought a new stake in Fidus Investment Corporation (NASDAQ:FDUS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 44,143 shares of the asset manager’s stock, valued at approximately $852,000. Fidus Investment accounts for about 0.5% of MQS Management LLC’s investment portfolio, making the stock its 28th biggest holding. MQS Management LLC owned approximately 0.12% of Fidus Investment as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Novare Capital Management LLC raised its holdings in shares of Fidus Investment by 2.5% in the 4th quarter. Novare Capital Management LLC now owns 204,889 shares of the asset manager’s stock valued at $3,954,000 after purchasing an additional 5,050 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of Fidus Investment by 8.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 30,125 shares of the asset manager’s stock valued at $581,000 after purchasing an additional 2,333 shares during the period. Plan Group Financial LLC raised its holdings in shares of Fidus Investment by 16.0% in the 4th quarter. Plan Group Financial LLC now owns 79,689 shares of the asset manager’s stock valued at $1,538,000 after purchasing an additional 10,976 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at about $201,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Fidus Investment in the 4th quarter valued at about $30,000. 28.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their price target on shares of Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Fidus Investment Stock Down 0.6%

Fidus Investment stock opened at $18.63 on Friday. The stock has a market cap of $707.01 million, a P/E ratio of 8.17 and a beta of 0.69. Fidus Investment Corporation has a twelve month low of $16.86 and a twelve month high of $22.09. The company’s 50-day moving average price is $18.23 and its two-hundred day moving average price is $18.94.

Fidus Investment (NASDAQ:FDUS) last released its quarterly earnings results on Thursday, May 7th. The asset manager reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.12. The firm had revenue of $34.29 million for the quarter, compared to analysts’ expectations of $42.30 million. Fidus Investment had a net margin of 49.51% and a return on equity of 11.19%. Equities analysts anticipate that Fidus Investment Corporation will post 2.15 earnings per share for the current fiscal year.

Fidus Investment Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, June 29th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.19 per share. This represents a dividend yield of 388.0%. The ex-dividend date is Tuesday, June 16th. Fidus Investment’s dividend payout ratio is presently 75.44%.

Fidus Investment Profile

Fidus Investment Corporation (NASDAQ: FDUS) is a closed-end, externally managed business development company (BDC) that provides specialized financing solutions to U.S. middle-market companies. Operated by Fidus Investment Advisors, LLC, a registered investment adviser, the company is regulated under the Investment Company Act of 1940 and trades on the Nasdaq Capital Market.

The firm focuses on structuring senior secured and unitranche loans, mezzanine debt and equity investments for established businesses across a range of industries.