Atria Wealth Solutions Inc. Acquires Shares of 10,089 Fidus Investment Corporation $FDUS

Atria Wealth Solutions Inc. acquired a new stake in shares of Fidus Investment Corporation (NASDAQ:FDUS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,089 shares of the asset manager’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new position in Fidus Investment during the second quarter worth about $549,138,000. Ethos Financial Group LLC purchased a new stake in Fidus Investment during the 1st quarter worth approximately $2,740,000. Baird Financial Group Inc. increased its stake in Fidus Investment by 46.1% during the 1st quarter. Baird Financial Group Inc. now owns 283,093 shares of the asset manager’s stock worth $5,772,000 after buying an additional 89,386 shares during the period. Virtu Financial LLC acquired a new position in Fidus Investment during the 1st quarter worth approximately $1,045,000. Finally, MQS Management LLC acquired a new position in shares of Fidus Investment in the 1st quarter valued at $936,000. 28.14% of the stock is owned by hedge funds and other institutional investors.

Fidus Investment Price Performance

Fidus Investment stock opened at $20.51 on Thursday. The firm’s 50-day moving average is $20.77 and its two-hundred day moving average is $20.27. Fidus Investment Corporation has a 12-month low of $16.70 and a 12-month high of $23.55. The stock has a market capitalization of $725.64 million, a P/E ratio of 8.88 and a beta of 0.88.

Fidus Investment (NASDAQ:FDUS) last released its earnings results on Thursday, August 7th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. Fidus Investment had a net margin of 51.88% and a return on equity of 11.52%. The business had revenue of $39.97 million for the quarter, compared to analysts’ expectations of $37.42 million. As a group, analysts forecast that Fidus Investment Corporation will post 2.28 EPS for the current year.

Fidus Investment Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 18th were issued a $0.57 dividend. The ex-dividend date was Thursday, September 18th. This is a positive change from Fidus Investment’s previous quarterly dividend of $0.11. This represents a $2.28 annualized dividend and a yield of 11.1%. Fidus Investment’s payout ratio is 74.46%.

Wall Street Analysts Forecast Growth

FDUS has been the subject of a number of recent research reports. 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 research note on Monday, October 6th. LADENBURG THALM/SH SH upgraded shares of Fidus Investment to a “strong-buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidus Investment in a report on Tuesday, October 14th. Finally, B. Riley downgraded shares of Fidus Investment from a “buy” rating to a “neutral” rating and increased their price target for the company from $22.00 to $22.50 in a report on Wednesday, August 13th. One equities 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. Based on data from MarketBeat.com, Fidus Investment currently has a consensus rating of “Buy” and an average target price of $22.00.

Fidus Investment Profile

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.