Fidus Investment Corporation $FDUS Shares Acquired by UBS Group AG

UBS Group AG increased its stake in Fidus Investment Corporation (NASDAQ:FDUS) by 17.1% during the 4th quarter, Holdings Channel reports. The fund owned 439,945 shares of the asset manager’s stock after purchasing an additional 64,209 shares during the quarter. UBS Group AG’s holdings in Fidus Investment were worth $8,491,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp raised its stake in shares of Fidus Investment by 6.7% in the third quarter. Van ECK Associates Corp now owns 903,443 shares of the asset manager’s stock valued at $18,304,000 after acquiring an additional 56,449 shares in the last quarter. Invesco Ltd. raised its stake in shares of Fidus Investment by 11.5% in the third quarter. Invesco Ltd. now owns 497,921 shares of the asset manager’s stock valued at $10,088,000 after acquiring an additional 51,218 shares in the last quarter. Columbus Macro LLC raised its stake in shares of Fidus Investment by 21.0% in the fourth quarter. Columbus Macro LLC now owns 485,780 shares of the asset manager’s stock valued at $9,376,000 after acquiring an additional 84,320 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Fidus Investment by 22.4% in the third quarter. Envestnet Asset Management Inc. now owns 439,915 shares of the asset manager’s stock valued at $8,913,000 after acquiring an additional 80,500 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its stake in shares of Fidus Investment by 40.3% in the fourth quarter. Muzinich & Co. Inc. now owns 347,114 shares of the asset manager’s stock valued at $6,699,000 after acquiring an additional 99,671 shares in the last quarter. 28.14% of the stock is currently owned by institutional investors and hedge funds.

Fidus Investment Price Performance

Fidus Investment stock opened at $18.79 on Monday. Fidus Investment Corporation has a 1-year low of $16.86 and a 1-year high of $22.09. The stock has a market cap of $713.08 million, a PE ratio of 8.24 and a beta of 0.69. The stock’s fifty day moving average is $18.17 and its two-hundred day moving average is $19.00.

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

Fidus Investment Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price objective on Fidus Investment from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fidus Investment presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

About Fidus Investment

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.