67,000 Shares in Fidus Investment Corporation $FDUS Acquired by Greenland Capital Management LP

Greenland Capital Management LP acquired a new stake in Fidus Investment Corporation (NASDAQ:FDUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 67,000 shares of the asset manager’s stock, valued at approximately $1,278,000. Greenland Capital Management LP owned about 0.18% of Fidus Investment at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its holdings in shares of Fidus Investment by 7.6% during the second quarter. Osaic Holdings Inc. now owns 13,092 shares of the asset manager’s stock worth $264,000 after buying an additional 920 shares in the last quarter. Sage Investment Counsel LLC grew its position in Fidus Investment by 8.3% during the 1st quarter. Sage Investment Counsel LLC now owns 13,070 shares of the asset manager’s stock worth $228,000 after acquiring an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Fidus Investment by 3.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,763 shares of the asset manager’s stock worth $555,000 after purchasing an additional 1,039 shares in the last quarter. Stifel Financial Corp raised its position in Fidus Investment by 6.6% in the fourth quarter. Stifel Financial Corp now owns 17,657 shares of the asset manager’s stock valued at $341,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Novare Capital Management LLC boosted its stake in shares of Fidus Investment by 0.6% during the first quarter. Novare Capital Management LLC now owns 206,114 shares of the asset manager’s stock valued at $3,591,000 after purchasing an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 28.14% of the company’s stock.

Fidus Investment Trading Down 0.6%

NASDAQ FDUS opened at $19.70 on Friday. The firm has a market capitalization of $747.62 million, a PE ratio of 9.43 and a beta of 0.67. The business’s 50-day moving average price is $19.53 and its two-hundred day moving average price is $18.80. Fidus Investment Corporation has a 12 month low of $16.86 and a 12 month high of $21.67.

Fidus Investment (NASDAQ:FDUS) last issued its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Fidus Investment had a return on equity of 10.87% and a net margin of 45.36%.The company had revenue of $32.55 million during the quarter, compared to the consensus estimate of $42.37 million. As a group, analysts forecast that Fidus Investment Corporation will post 2.16 earnings per share for the current fiscal year.

Fidus Investment Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.43 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.7%. Fidus Investment’s payout ratio is 82.30%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.50 price objective on shares of Fidus Investment in a research note on Monday, July 20th. Weiss Ratings restated a “hold (c)” rating on shares of Fidus Investment in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.50.

Fidus Investment Company 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.